Resolution Foundation warns that pushing ahead with tweaked proposals on tax credits would be expensive and still leave most families worse off

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Welfare & Tax Reform

New research shows the Treasury could reverse the most damaging tax credit cuts and still meet key fiscal objectives The government has several options for funding a reversal of its planned tax credit cuts, but pushing ahead with tweaked proposals would be expensive, leave millions of families worse off,  and produce perverse work incentives, according … Continued

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Downturn has been felt very differently across generations

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Wages & Income

Trend risks being reinforced over the parliament by welfare changes Commenting on new ONS figures published today (Wednesday) that ‘nowcast’ household incomes up to the year 2014/15, Adam Corlett, Economic Analyst at the Resolution Foundation said: “Today’s ONS figures highlight the depth of the recent living standards squeeze, and the welcome recovery in the last year, … Continued

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Typical incomes up £800 a year in north east since eve of downturn but still £900 lower in south east as regions recover at different rates

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Shared Growth

Households in the North East and East of England have seen the biggest rise in living standards since the start of the downturn, while Northern Ireland, the West Midlands and the South East have the most ground to make up, according to an analysis of household incomes published today (Thursday) by the independent think-tank the … Continued

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Big regional and generational divide on living standards as typical incomes approach pre-downturn levels

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Wages & Income

The great squeeze on living standards over the past seven years has been unevenly felt between generations and across different parts of the country, according to new analysis published today (Thursday) by the Resolution Foundation. The Resolution Foundation analysis finds that typical household incomes are rising and are finally set to return to their pre-downturn … Continued

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Wage growth strengthening as unemployment and inflation fall but recovery of lost ground not expected before end of decade

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Wages & Income

Falling inflation and a pick-up in nominal pay growth boosted earnings at the end of 2014, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. But it cautioned that there is still a long way to go before pay returns to its pre-downturn level. Regular pay growth (excluding bonuses) increased … Continued

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