Britain’s skills record has hindered, not helped, our productivity drive. That needs to change

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Jobs, Skills and Pay

Over the last week, we’ve heard a lot about the need to boost Britain’s productivity and how education and training can support that drive. First we had welcome new funding commitments in the Budget, then a strong skills focus in the Industrial Strategy White Paper and today we have a Skills Summit. Throughout, the Government … Continued

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The Chancellor has coped with a huge economic downgrade, but the outlook is grim for families across Britain

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Public Finances and the Economy

For his first Autumn Budget, the Office for Budget Responsibility has given Philip Hammond a truly catastrophic set of economic forecasts. After a decade of unrealised productivity forecasts, the OBR has now delivered the mother of all downgrades; all but halving its view of the UK’s capacity to grow. As a result it now expects … Continued

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The Autumn Budget 2017 brings worse than hoped for news for the low paid

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Jobs, Skills and Pay

or many people, the big news out of November’s Budget – a massive downgrade in the outlook for productivity growth – will sound a bit abstract. The productivity downgrade has made the Chancellor’s task of balancing the books harder. But its impact on pay – with average annual earnings lowered by £1,000 – mean it’s even … Continued

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Will building more homes help to reduce housing costs?

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Housing, Wealth and Debt, Intergenerational Commission

As part of the Foundation’s ongoing housing work, leading economist and Intergenerational Commission member Kate Barker and Housing market analyst Neal Hudson write about the impact that boosting housing supply could have on prices and wider housing costs.   Since the mid-2000s the dominant narrative about housing in the UK has been around a shortage … Continued

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Will the (Scottish) Budget raise income tax rates?

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Tax and Welfare

With the UK Budget imminent, it’s important not to forget proposals released in Scotland earlier this month. These could lead to increases in income tax rates as soon as April, intended to protect public services and benefits in Scotland. This would be a departure from the usual direction of travel in the UK: there has … Continued

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