Ventures
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Social care

Social Care Roundtable

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In 2021-22, more than one-in-ten frontline care jobs in England were vacant, up from fewer than one-in-twenty in 2012-13, with 68 per cent of current care workers saying they work under a high degree of tension. The Resolution Foundation has been exploring different aspects of the problems in the care sector, to identify what can … Continued

Growing inequality across Britain has left millions of families exposed to the cost-of-living crisis

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Today, the Office for National Statistics (ONS) published their data on household incomes and inequality for 2021-22; this is the first source of official data on household incomes for that year. 2021-22 was an eventful year. It began with the UK emerging out of major restrictions on everyday life, but by October 2021, all Covid-19 … Continued

Is the UK labour market at a crossroads?

This latest ONS labour market statistics, covering November 2022, show a mixed picture

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This morning’s labour market statistics, covering November 2022, show a mixed picture. On the one hand, high levels of vacancies and low unemployment mean that the labour market remains tight. But there are early signs that this may not last much longer – vacancies have fallen markedly over the past few months, while redundancies are … Continued

Tax

Five bad ways to hand out £4 billion a year

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Taxes are going up, in large part due to big policy choices like the upcoming rise in the Corporation Tax rate and the prolonged freezing of various tax thresholds. Yet it’s always possible that further tax rises will be needed sooner or later, perhaps to support struggling public services, or to raise funds to allow … Continued

Why the distribution of income matters for growth

Social mobility up the ladder of opportunity matters. But there is also an important link between income distribution and economic growth

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There is a Conservative argument that what matters is absolute levels of income and wealth. Worries about how it is distributed are for Socialists. Conservatives should just get on with growing the total size of the cake. This view is one strand of conservatism. But there are also good Conservative reasons why this won’t do … Continued

System collision

The interaction of Universal Credit and Child Benefit withdrawal is creating a mess

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If there is anyone out there still harbouring the quaint idea that it’s the super-rich who face the highest marginal tax rates in the land, they should think again. There are various contenders for that dubious prize but we can now announce a clear winner: the small but fast-growing group of families receiving Universal Credit … Continued

Ventures

WorkerTech newsletter: December 2022

The latest update from Resolution Ventures

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As we come to the end of the year we’ve been reflecting on our achievements in 2022, so in this edition you’ll find our top 10 WorkerTech highlights of the year. Do you have a WorkerTech idea that you’re developing for 2023? Book in a time to chat in January to see how we can … Continued

Ventures

WorkerTech newsletter: November 2022

The latest update from Resolution Ventures

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It was great to see so many of you at our WorkerTech meetup last Monday. If you didn’t make it then don’t worry! This month I’m sharing what our WorkerTech community brought to the evening, and pointing you to some further organisations, projects and research. We’ll be hosting more WorkerTech meetups in the future, and … Continued

Five take-aways from the 2022 ASHE release: a bad year for pay growth, but good news on pay inequality

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The ONS published their annual release from the Annual Survey of Hours and Earnings (ASHE) on October 26th. It’s not the timeliest data – it was collected from a survey of employers all the way back in April, and we already know from other data sources how pay has evolved through to July and August. … Continued

Ventures

WorkerTech newsletter: October 2022

The latest update from Resolution Ventures

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This month we’re focusing on some great events open to our readers during the remainder of 2022. Register now for Impact investing in technology to address skills and employment challenges   💸 Tuesday 15th November, 10 – 11am: Impact investing in technology to address skills and employment challenges, in partnership with Ufi VocTech Trust. An opportunity to hear about … Continued

Pay

Low unemployment belies a labour market in poor health

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Today’s labour market data showed unemployment hitting its lowest rate since 1974. On the face of it, this is cause for celebration. But a shrinking labour force, not a rise in employment, drove the fall in unemployment, and this is a cause for concern. A record number of working-age people are now inactive due to … Continued

A cut to benefits would batter millions of households

Liz Truss’s threats of a real-terms cut would ramp up inequality and hamper growth

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The chancellor’s mini-budget has spooked the markets, stoked a rise in interest rates, and now caused a full-blown and very public cabinet row over whether to cut benefits for millions of working-age families. Some ministers are urging the prime minister to press ahead with the cut and end Britain’s “Benefit Street culture”, while others have spoken out … Continued

Britain needs to get serious about an economic strategy towards a more prosperous, fairer, greener 2030s – can you help?

Call for policy ideas to help Britain become a fairer, greener, more prosperous nation

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The UK’s cost-of-living crisis – with rocketing food and energy prices – is making everyone poorer, and is particularly harmful to low-to-middle income households. But this recent crisis isn’t isolated, because the Britain that confronts it suffers from a toxic combination of high inequality and protracted slow growth.   The UK also has great strengths … Continued

Ventures

WorkerTech newsletter: September 2022

The latest update from Resolution Ventures

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Last week, the day before the not-so-mini budget, the Living Wage Foundation announced the new real Living Wage. In a year of unprecendented inflation due to soaring energy prices, we have also seen a significant rise in the real Living Wage both in and outside of London. This month we’re taking a closer look at … Continued

Liz Truss’s energy plan will disproportionately benefit the wealthiest households

By 2024, support for the wealthiest tenth of households will far exceed the level of support for those living in poverty

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Britain’s looming living standards catastrophe was the big question hanging – unanswered – over the Conservative Party leadership race this summer, with both candidates refusing to be drawn on how exactly they’d tackle soaring energy bills. But Liz Truss provided an emphatic answer on just her second full day in office by announcing a new Energy … Continued

The system has worked for Boomers at every stage of their lives

If Tories do not wish to be seen as a party for older people, they must give the younger generation a break on housing and wages

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Lucy Burton’s powerful article last week on the wealth of many of our pensioners was absolutely right. Their incomes are higher. Their wealth is greater. The state is being reshaped around services and payments for them. Many pensioners challenge her by saying that what they get now is a fair return after they have paid in during … Continued

WorkerTech newsletter: August 2022

The latest update from Resolution Ventures

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From postmen to parking attendants, drivers to dockworkers – many industries have been affected by strikes this summer over a variety of disputes about maintaining pay in the face of surging inflation. Strikes are a very visible and powerful way for workers to take collective action, but they aren’t the only means of bringing about … Continued

Politicians need to talk about how we can lower bills by using less energy as a winter crisis looms

France and the Netherlands have produced guidance to cut domestic energy use under respective ‘energy sobriety’ and ‘dial it down’ programmes

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The size of our energy bills is due to two things – how much energy costs, and how much of it we use. The first of these, for good reason, is front-page news at the moment. Wholesale gas prices are reaching new highs on an almost daily basis, pushing cost of heating and lighting our … Continued

Ventures

WorkerTech newsletter: July 2022

The latest update from Resolution Ventures

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You’ve probably noticed that workplace benefits have recently gone from the ordinary (additional holiday, volunteering days, cycle to work scheme) to the extraordinary (pawternity leave, unlimited holiday, international football tournaments). But often forgotten among these perks are pensions. While unglamorous in comparison to some benefits, pension savings can make a seriously significant difference to living standards in later life. Yesterday the Resolution … Continued

Feeling poor and working more – again

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Today’s labour market data tell us a bit more about how the labour market is responding to high inflation and the cost of living shock. We see some things we would expect, some things which may be surprising, and much that remains unresolved. Real wages fall at the fastest rate on record The most eye-popping … Continued

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