An unhealthy interest? Debt distress and the consequences of raising rates

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Housing, Wealth and Debt

Standing at nearly £1.9 trillion, UK household debt remains a big issue. It is one that has very real and very obvious relevance for those families having to meet repayment commitments. But it is one that has macroeconomic implications too: the debt hangover that has endured over the past decade has undoubtedly hampered the UK’s … Continued

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Choices, choices… Why do firms use agency workers?

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Jobs, Skills and Pay

In December 2017 we commissioned ComRes to survey 500 human resources decision makers in UK private sector firms that hire agency workers. This report explores the results, and busts some myths about why firms choose to use agency workers.

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A welfare generation: lifetime welfare transfers between generations

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Intergenerational Commission, Tax and Welfare

This research paper looks at what people put in and take out from the welfare state over their lifetime, updating John Hills’ seminal research on life-cycle welfare transfers between generations. It estimates the extent to which past and future cohorts contribute to the welfare state via taxation and withdraw from its core pillars – education, … Continued

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Falling through the cracks: the widening gap between unemployment and benefit statistics

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Tax and Welfare

The implementation of Universal Credit, by combining six in- and out-of-work benefits into one, could provide a much needed refocus on groups at the edges of the labour market who need support. It is also an opportunity to provide greater practical support to people stuck at low levels of earnings. But our analysis suggests the … Continued

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The million dollar be-question: inheritances, gifts, and their implications for generational living standards

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Intergenerational Commission, Tax and Welfare

This report assesses the role that intergenerational family transfers – inheritances and gifts – will play in addressing the generational living standards challenge that Britain faces. Nowhere is this challenge clearer than in relation to home ownership and wider wealth accumulation for today’s younger generation, so the future flow of assets down generations appears an … Continued

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