Did raising tuition fees flatter measurements of young people’s incomes?

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Incomes and Inequality

The government has announced that the maximum annual tuition fee will be frozen at £9,250; and that the earnings threshold for repayment will jump from £21,000 to £25,000. What’s more, there will be a wide review of student finances to “look again” at this turbulent political issue. While they’re doing that, government statisticians should look … Continued

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We’re getting poorer, but it’s not (just) Brexit

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Incomes and Inequality

Amid a busy week in politics, the publication this week of new data showing that average household income per person has fallen in each of the last four quarters has passed somewhat unremarked upon. As the chart below shows, annualised income fell by 0.3 per cent in the second quarter of this year relative to … Continued

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Why intergenerational fairness is rising up the agenda, in 10 charts

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Incomes and Inequality, Intergenerational Commission

The prospects of today’s younger generation is a topic that graces newspaper headlines and politician’s speeches with increasing regularity. In the middle of party conference season, here’s a 10-chart guide to where the concern is coming from and what those seeking to address the challenge should be focusing on. Jobs and pay Young people were … Continued

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For Labour, it’s all about what you say

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Incomes and Inequality

Labour members heading to Brighton this weekend will be a historical anomaly. Because they will be perky. That isn’t the word you’d normally associate with Labour party members on the eve of party conference for the last decade. Depressed, occasionally. Determined, often. But perky? No. And fair enough. Just 15 weeks ago they learnt that … Continued

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Vast gaps in living standards between ethnic groups persist — and recent progress could yet be undone

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Incomes and Inequality

We talk a lot about certain types of income inequality—the recent outcry over unequal pay at the BBC springs to mind—but the specifics of ethnic economic inequalities rarely get enough air time. Though only scratching the surface of such a complex topic, my recent Resolution Foundation briefing on the gaps in household incomes for different ethnicities sought … Continued

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We let the 2007 financial crisis go to waste

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Incomes and Inequality

It’s not the time passing, it’s the opportunity for retrospection that kills you. Or at least that’s how it feels looking back a full 10 years to the day when I was working in the Treasury as we got the news that the French bank BNP Paribas had frozen funds exposed to US sub-prime mortgages. The … Continued

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