Earnings set to continue playing catch-up in coming months

RF warns pace of recovery will be hard to maintain once inflation starts to rise from its historic low Real earnings are set to continue playing ‘catch-up’ in the short-term, with pay expected to maintain its recent growth rate, but there are doubts about how long this can continue, according to the Resolution Foundation’s latest … Continued

Torsten Bell appointed as new Director of the Resolution Foundation

Today (Friday) the Resolution Foundation announced that Torsten Bell has been appointed as its new Director. He will work alongside the Resolution Foundations recently appointed Executive Chair, David Willetts. Previously, Torsten worked as a Treasury civil servant before becoming special advisor to Alistair Darling during the financial crisis and then Director of Policy for the … Continued

Continued presence of zero hours contracts suggests they might be a permanent feature of labour market

  Policy action needed to prevent them becoming standard form of employment in low-paid sectors The continued use of zero-hours contracts (ZHCs) over the recent period of strong employment recovery suggests they may remain a permanent feature of the labour market rather than a temporary reaction to the downturn, the Resolution Foundation said today (Wednesday) in … Continued

Pay recovery looks set to continue throughout 2015

  Fresh policy action needed to reignite Britain’s stalled employment growth Britain’s pay recovery looks set to continue throughout 2015 but employment growth appears to have stalled, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. Real wages (excluding bonuses) continued to grow by 2.8% in the year to June … Continued

Private sector continuing to lead pay rebound

First fall in employment for two years suggests jobs surge could be losing momentum The pace of Britain’s real pay recovery increased slightly in May, though the first fall in employment for two years appears to have put jobs growth on pause, the independent think-tank the Resolution Foundation said today (Wednesday) in response to the … Continued

Over 700,000 care workers set to benefit from new ‘National Living Wage’ – but extra funding essential or services will suffer

The new National Living Wage (NLW) will deliver a welcome pay rise to between 700,000 and one million frontline care workers by 2020, according to new analysis published today (Sunday) by the independent think-tank the Resolution Foundation. The Foundation – which earlier this year called for and costed a plan to make social care a … Continued

Real wages growing faster than in pre-crash years

But average earnings still £30 a week below pre-crisis peak Strengthening pay and ultra-low inflation mean that real wages are now rising more quickly in real-terms than before the financial crisis. But this rebound may prove short-lived as inflation begins to pick up, the Resolution Foundation said today (Wednesday), in response to the latest ONS … Continued

Wages growing at fastest rate since before the crash

Official figures published later this week are expected to show real wages growing at their fastest rate since October 2007, according to new analysis published today (Monday) by the independent think-tank the Resolution Foundation. The analysis, which models recent labour market data to forecast short-term trends in pay, predicts that average weekly earnings growth will … Continued

Universal Credit red tape cull needed to help parents and the self-employed

Making Universal Credit (UC) easier to use could boost employment and prevent the risk of penalising families whose earnings and outgoings don’t fit into a neat monthly pattern, according to a new report published today (Monday) by the Resolution Foundation. The think-tank’s nine-month review of Universal Credit considers how the once-in-a-generation welfare reform is equipped … Continued

Real wages growing at fastest rate since November 2007 but average earnings still £30 a week below pre-crisis peak

Rising nominal pay and zero inflation have pushed real wage growth to its highest level since November 2007, but questions remain as to whether this can be maintained once inflation starts to pick up, the Resolution Foundation said today (Wednesday) in response to the latest ONS labour market figures. Real wage growth increased to 2.1 … Continued

Typical incomes up £800 a year in north east since eve of downturn but still £900 lower in south east as regions recover at different rates

Households in the North East and East of England have seen the biggest rise in living standards since the start of the downturn, while Northern Ireland, the West Midlands and the South East have the most ground to make up, according to an analysis of household incomes published today (Thursday) by the independent think-tank the … Continued

Leading economists call for new policies to raise pay

The next government should introduce bold new policies to support strong wage growth that is shared throughout the workforce, argues a new collection of essays published today (Thursday) by the independent think-tank the Resolution Foundation. The Foundation has brought together forward-looking essays by leading economists from academia, policy and journalism in the UK and US. … Continued

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