Financial distress edges up for the first time in four years, and households are pessimistic about the outlook for 2018

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Housing, Wealth and Debt

  Commenting on the Bank of England’s NMG survey from its Quarterly Bulletin published today (Friday), which found increasing levels of financial distress among households in 2017 and more saying they expect their personal finance situation to deteriorate in 2018 than to improve, Matt Whittaker, Chief Economist at the Resolution Foundation, said: “Today’s survey highlights … Continued

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Britain’s half decade long jobs boom may be coming to an end

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Jobs, Skills and Pay

  The latest fall in employment suggests that Britain’s remarkable jobs boom may finally be coming to an end, the Resolution Foundation said today (Wednesday) in response to the latest labour market data. After a remarkable jobs boom dating back to early 2012, employment has plateaued at close to a record high of 75 per … Continued

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Sharp fall in net migration since EU referendum suggests Britain’s labour market is being reshaped even before Brexit arrives

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Jobs, Skills and Pay

    A drop of over 100,000 in net migration over the last year shows that Britain’s labour market is already be reshaped before we leave the EU, and businesses need to start adjusting now to a new era of lower migration, the Resolution Foundation said today (Thursday) in response to the latest migration figures. … Continued

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Millennials on course to defy pessimism and enjoy similar retirement living standards to pensioners today

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Intergenerational Commission

  Millennials are on course to defy widespread pessimism about their retirement prospects and enjoy similar levels of retirement living standards to pensioners today, according to a new report published today (Monday) by the Resolution Foundation. As good as it gets? – the 12th report of the Resolution Foundation’s ongoing Intergenerational Commission – looks at … Continued

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Government right to put people’s earning power at the heart of its industrial strategy

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Public Finances and the Economy

  Commenting on the publication of the government’s Industrial Strategy White Paper today, Resolution Foundation Executive Chair David Willetts said: “Given the grim outlook for living standards we heard at the Budget last week, today’s White Paper has the right focus on improving the nation’s productivity, and with it people’s earning power. “A key new … Continued

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