Graduates have led the initial post-referendum dip in EU migrant workers

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Work & Security

The number of EU-born workers in the UK fell by 50,000 in the last three months of 2016 to around 2,300,000 – with the biggest falls taking place among graduates and those working in banking, the public sector and construction – according to new analysis published today (Thursday) by the Resolution Foundation. The Foundation’s analysis … Continued

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Pay packets already shrinking as record run of low inflation ends

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Wages & Income

Real earnings falls have arrived earlier than expected as inflation has risen above the Bank of England’s target for the first time since December 2013, the Resolution Foundation said today (Tuesday) in response to the latest inflation figures. Inflation had been below the Bank’s 2 per cent target for a record 38 months, driving recent … Continued

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Britain enjoyed steady but slowing income growth in run-up to the referendum vote

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Wages & Income

  Commenting on the DWP’s Households Below Average Income statistics published today (Thursday) – the biggest and most authoritative official survey of household incomes – Adam Corlett, Economic Analyst at the Resolution Foundation, said: “The big picture for living standards has been a sharp squeeze and stagnation in the wake of the financial crisis, followed … Continued

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Government has missed the opportunity to ensure tax system keeps pace with a changing world of work

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Welfare & Tax Reform

Commenting on the news that the Chancellor has dropped plans to increase Class 4 National Insurance contributions for the self-employed in this parliament, Torsten Bell, Director of the Resolution Foundation, said: “Whatever the rights and wrongs of Conservative Manifesto commitments, today’s U-turn on National Insurance means the government has missed an opportunity to correct a … Continued

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Rapid rise of zero-hours contracts has slowed to a crawl

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Work & Security

Zero-hours contracts (ZHCs) have hit a record high of 905,000, but a significant slowdown in their recent growth has been confirmed, the Resolution Foundation said today (Wednesday) in response to the latest ONS figures. The latest figures show that the number of people on a ZHC grew by more than 100,000 between the last three … Continued

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