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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More young people are sticking with their employer – and missing out on big pay rises as a result

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Wages & Income

  A slowdown in job moving, employers no longer rewarding staff for long service, and a shift towards work in low-paying sectors have meant that millennials have had a slower and lower-paid start to their careers than the generation before them, according to the new research published today (Thursday) by the Resolution Foundation. Study, work, … Continued

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Rising prices is the big living standards story of 2017

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Wages & Income

  The doubling of inflation in just four months shows that rising prices will be the big living standards story of 2017, the Resolution Foundation said today in response to the latest inflation figures. CPI inflation increased from 0.9% in October 2016 to 1.8% in January 2017 – its highest level since June 2014. CPIH, … Continued

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Recent retirees drive pensioner incomes above those of working families

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Wages & Income

Strong recent growth in typical pensioner incomes has been driven by new cohorts of pensioners who are more likely than their predecessors to still be in work, own a home and have access to generous private pension pots. This is according to new analysis published today (Monday) by the Resolution Foundation for the Intergenerational Commission. … Continued

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