Household incomes to grow steadily next year but full recovery not expected until early 2016

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Incomes and Inequality

Household incomes are set to rise steadily next year but will not return to their pre-downturn level until early 2016, according  to a new analysis published today (Saturday) by the independent think-tank the Resolution Foundation. The Resolution Foundation’s measure of household incomes, derived from the ONS national accounts, CPI inflation and OBR forecasts, show that … Continued

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Real wage growth gaining momentum but no rebound in sight

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Jobs, Skills and Pay

Real wage growth looks set to gather pace in the coming months, due in large part to very low inflation, but there is little sign of a long-overdue rebound in pay, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. Today’s figures show that regular pay growth (excluding bonuses) in … Continued

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UK closes its six year ‘jobs gap’ – wage gap widens to eight per cent and could take another seven years to recover

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Jobs, Skills and Pay

The latest rise in the employment rate means that the proportion of working age people in work across the UK is the same as its pre-downturn rate, ending the country’s six year ‘jobs gap’, the Resolution Foundation said today (Wednesday) in response to the latest ONS labour market statistics. However, continuing employment growth is running … Continued

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‘Government doesn’t understand the financial pressures we face’ say large majority of families

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Incomes and Inequality

Almost 7 in 10 Britons think the government does not understand the financial strain they are under, suggests a poll conducted for the Resolution Foundation. Asked to respond to the statement that “The government understands the financial pressures on me and my family”, an overall 69 per cent of those surveyed disagree (with 48 per … Continued

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Squeezed Britain faces a decade of slow recovery in living standards

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Incomes and Inequality

It may be another decade before Britain’s low to middle income families can expect to see their living standards return to pre-recession levels a major report, Squeezed Britain 2013, by the Resolution Foundation warns today. The prolonged downturn means that this large swathe of the population is likely to face a permanent hit to their … Continued

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Politicians just don’t get the financial pressures faced by ordinary families

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Incomes and Inequality

More than two people in five (43%), think most politicians  don’t understand the financial pressures they face, according to new polling from independent think tank, the Resolution Foundation, with levels of dissatisfaction running highest among the middle aged (53% of 45 – 54 year olds). The poll, a quarterly tracker of household finances, carried out by … Continued

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