Living standards Poor household finances risk choking off recovery 19 August 2011 Britain’s households continue to feel the financial strain and are anxious about their jobs, according to new polling from independent think tank the Resolution Foundation. The research, carried out by respected polling firm Ipsos MORI, finds that: Fewer than half (48%) of people in low-to-middle income households have cash left over at the end of each month Fewer … Continued READ MORE
Housing Making a rented house a home: housing solutions for ‘generation rent’ 8 August 2011 Low-to-middle income households are likely to be shut out of home ownership for a lifetime, according to analysis published today by the independent think tank the Resolution Foundation. High average first-time buyer house prices and more restricted loan-to-value mortgage advances mean that the average low-to-middle income household putting aside 5 per cent of their disposable … Continued READ MORE
Living standards Ordinary workers missing out on gains from growth 25 July 2011 The share of national income going to the bottom half of earners in Britain has fallen dramatically over the last 30 years, according to new analysis by the independent think tank the Resolution Foundation. These ordinary workers have seen their share of GDP fall by a quarter, at the same time as the share going … Continued READ MORE
Welfare Childcare fails to meet needs of growing numbers of parents working out of hours 16 June 2011 Childcare provision has failed to keep up with changing working patterns – with nearly 70% of all working parents now working ‘atypical’ hours. Many are struggling to find suitable childcare provision as a result, according to a new report from the independent think tank the Resolution Foundation. The report shows that at least one partner … Continued READ MORE
Living standards Growth without gain? 27 May 2011 The living standards of people on low to middle incomes were already faltering prior to the recession, and it is no longer safe to assume they will rise when steady economic growth returns, according to new analysis by the independent think tank the Resolution Foundation. The major new report, Growth without gain?, reveals that even … Continued READ MORE
Welfare Childcare support and the hours trap 23 May 2011 The Government’s funding of childcare under Universal Credit could shatter its commitment to make work pay, accordingly to new analysis commissioned by Gingerbread and the Resolution Foundation think tank. The changes, to be implemented from 2013, may leave some parents facing losing over 94p in the pound as they increase their working hours, damaging work … Continued READ MORE
Welfare Childcare tax credit survey 15 March 2011 WORKING PARENTS UNDER THREAT FROM SPENDING CUTS NEW SURVEY SHOWS CUTS TO CHILDCARE TAX CREDITS MAY FORCE PARENTS TO GIVE UP WORK A new survey of over 2,000 working mothers has revealed that over half will be forced to stop work or significantly reduce their working hours, as a result of cuts in the level … Continued READ MORE
Living standards Social mobility rose in 2000s compared to 1990s 1 March 2011 Earnings mobility increased in the 2000s compared to the 1990s, contrary to perceptions, according to new research published today by the independent think tank the Resolution Foundation. The research focuses on the earnings of people in their 30s and early 40s. While the chances of making a significant move up or down the earnings ladder … Continued READ MORE
Living standards ‘Lost decade’ for living standards 28 February 2011 Average pay set to be no higher in 2015 than 2003 New analysis today reveals that Britain risks a lost decade for living standards, with average pay set to be no higher in 2015 than it was in 2003, after taking account of inflation. The figures, released by the independent think tank the Resolution … Continued READ MORE
Welfare Workers on low-to-middle incomes face worsening poverty trap under Universal Credit 17 February 2011 The Universal Credit will continue to trap many low-to-middle earners on incomes below what they need to make ends meet, according to new research commissioned by the independent think tank the Resolution Foundation. Typically, work incentives for families in lower-paid jobs will worsen. Under the new Universal Credit those currently on tax credits will keep … Continued READ MORE
Welfare Working families face £436 cut in in support for childcare costs next year 29 December 2010 Almost half a million families are set to lose an average of £436 a year in support for childcare costs from April next year, according to new figures out today from the independent think tank the Resolution Foundation. In London, where childcare costs are highest, nearly 50,000 families will lose on average £600. Some families … Continued READ MORE
Living standards Squeezed Britain: Report reveals low-to-middle earners face £720 earnings squeeze 25 November 2010 Today a major new report from the Resolution Foundation reveals that 2011 will bring a new squeeze to the living standards of Britain’s 11 million low‐to‐middle earners.i As the first year of major spending cuts overlaps with a fragile jobs market, 2011 will be a difficult year for everyone. But those in the middle will … Continued READ MORE
Economy and public finances Comprehensive Spending Review – analysis 20 October 2010 FROM POVERTY TRAP TO ASPIRATION TRAP The impact of fiscal tightening on squeezed low-to-middle earners The Resolution Foundation, the low-to-middle earner research and policy organisation, today provides its detailed analysis of what the full package of fiscal tightening measures introduced by the coalition government since June means for the 11 million struggling to get … Continued READ MORE
Gavin Kelly appointed new Chief Executive of the Resolution Foundation 15 September 2010 Gavin Kelly has been appointed Chief Executive of the Resolution Foundation, an independent research and policy organisation working to improve outcomes for low earners. Gavin joins the Foundation from Number 10 Downing Street where he worked as Deputy Chief of Staff from 2007 to 2010. Prior to this Gavin was a member of the Council … Continued READ MORE
Economy and public finances What’s the Damage? A low earner impact assessment of deficit reduction options 18 June 2010 NEWS RELEASE For immediate use: Friday 18 June 2010 New report shows income inequality set to get worse for 7.2 million ‘squeezed middle’ without careful targeting of emergency budget The Resolution Foundation, the low earners think-tank, today publishes a report which shows how the coalition government can share the pain of deficit reduction … Continued READ MORE
Housing Consumer Financial Education Body in Financial Services Bill receives Royal Assent 9 April 2010 NEWS RELEASE For immediate release: Friday 9 April 2010 CONSUMER FINANCIAL EDUCATION BODY IN FINANCIAL SERVICES BILL RECEIVES ROYAL ASSENT The Resolution Foundation is delighted that the Financial Services Bill received Royal Assent during the wash-up process. The Bill will establish the Consumer Financial Education Body which will be responsible for running Money … Continued READ MORE
Welfare White Paper sets out bold roadmap for care 30 March 2010 Embargo: Immediate 30.03.10 White Paper sets bold roadmap for care 20 organisations who are members of the Care and Support Alliance today gave a broad welcome to the Government’s plans for developing a National Care Service but urged more detail and warned that reform of social care needed to be made a priority very early … Continued READ MORE
Living standards An Open Memo to the Next Government: improving outcomes for low earners 22 March 2010 NEWS RELEASE Strictly embargoed: 00:01 Monday 22 March 2010 POLLING SHOWS LOW EARNERS STARTING TO RETURN TO THE LABOUR FOLD The Resolution Foundation, the think tank working for low earners1, is today publishing some exclusive polling2 that shows the current voting intentions of this group. The polling shows a return of support to … Continued READ MORE
Welfare Foundation responds to Health Select Committee report on social care from the perspective of low earners 12 March 2010 NEWS RELEASE Strictly embargoed: 00:01 12 March 2010 FOUNDATION RESPONDS TO HEALTH SELECT COMMITTEE REPORT ON SOCIAL CARE FROM PERSPECTIVE OF LOW EARNERS 84% of low earners[1] over 65 years old own their own home[2]: they are asset rich, and income poor Low earners spend 100% of their monthly income leaving little left over … Continued READ MORE
Welfare There is a 20-30 year window of opportunity to help low earners pay for social care 11 March 2010 NEWS RELEASE – Strictly embargoed: 00:01 11 March 2010 20-30 YEAR WINDOW OF OPPORTUNITY TO HELP LOW EARNERS PAY FOR SOCIAL CARE Councils can play a greater role in supporting individuals who are ineligible for state funded care to access the equity in their homes to pay for their care. Many low-income households lose … Continued READ MORE
Living standards Foundation welcomes Money Made Clear national role out 11 March 2010 NEWS RELEASE For immediate release: Thursday 11 March 2010 FOUNDATION WELCOMES MONEY MADE CLEAR NATIONAL ROLL OUT The Resolution Foundation welcomes the national roll out of the Money Made Clear. The Foundation has been championing the ‘advice gap’ that low earners face and is delighted that a financial advice service geared towards vulnerable … Continued READ MORE
Living standards New report shows toll taken on low earning, hard working households by the recession 8 March 2010 NEWS RELEASE Strictly embargoed: 00:01 Monday, 8 March 2010 New reports show toll taken on low earning, hard-working households by the recession Low earners hit harder than welfare dependents or higher earners £1.9billion of unsecured debt in 3.6m of the most economically fragile households Two new reports by the low earners think tank, The Resolution … Continued READ MORE
Living standards Response to the Joseph Rowntree Foundation’s reports 9 February 2010 NEWS RELEASE For immediate use: 9 FEBRUARY 2010 Response to the Joseph Rowntree Foundation’s reports The Resolution Foundation today welcomes the Joseph Rowntree Foundation’s reports on cycles of poverty, unemployment and low pay. The Resolution Foundation works to improve outcomes for low earners: those just above the poverty line yet struggling on low incomes and … Continued READ MORE
Economy and public finances Sensible pre-budget report for low earners 11 December 2009 NEWS RELEASE For immediate release: FRIDAY 11 DECEMBER 2009 SENSIBLE PRE-BUDGET REPORT FOR LOW EARNERS The Foundation welcomes the Chancellor’s pre-budget report which links recovery to GDP growth and helps to protect low earners. The PBR met all three of the Resolution Foundation’s asks for low earners: For the reduction of the budget deficit to … Continued READ MORE
Living standards Low earners pushed closer to crisis by recession 11 November 2009 NEWS RELEASE Strictly embargoed until: 00.01 WEDNESDAY 11 NOVEMBER 2009 LOW EARNERS PUSHED CLOSER TO CRISIS BY RECESSION The recession risks driving the UK’s 14.3 million low earners1 closer to crisis as the downturn compounds their already vulnerable position. This is particularly true for the 7.2 million working low earners who will continue to be … Continued READ MORE
