Britain’s housing catastrophe has driven a 50-year drain on living standards

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Housing

The average share of income that Britain’s families spend on housing has trebled over the last 50 years, with young people having to make do with longer commutes and smaller, insecure rented accommodation, according to a new report published today (Wednesday) by the Resolution Foundation. As Labour and the Conservatives head to their party conferences … Continued

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Welcome news on jobs isn’t filtering through into pay packets

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Wages & Income

  The UK jobs market continues to perform strongly but it is failing to filter through into wages as the pay squeeze continues, the Resolution Foundation said today in response to the latest labour market figures. Employment hit a new record high in the three months to July, while unemployment and economic inactivity reached fresh … Continued

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Rising prices are bearing down most heavily on lower income families

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Wages & Income

  The rising cost of food and clothing means that inflation is increasing fastest for the poorest households, the Resolution Foundation said today in response to the latest inflation figures. The Foundation notes that the rising cost of food and clothing – which was falling this time last year ­– is now the biggest driver … Continued

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Millennials would rather have grown up in an earlier time

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Housing

Britons across all age groups no longer believe that young people today will have a better life than their parents, with pessimism strongest among graduates and high earners, according to new analysis by Ipsos MORI for the Resolution Foundation published today (Saturday). The report, based on a survey of over 2,000 adults commissioned for the … Continued

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Employment boom is improving job quality but not pay

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Work & Security

A tightening UK labour market, with employment at a new record high of 75.1 per cent and a significant slow down in the growth of EU workers, is raising job quality but not pay packets, the Resolution Foundation said in response to today’s Labour Market data release. With unemployment at 4.4 per cent, the lowest … Continued

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