World class

World Class: What does international evidence tell us about improving quality, access and affordability in the English childcare market

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Childcare & Families

A new Resolution Foundation report by leading childcare experts, Kitty Stewart of the LSE and Ludovica Gambaro of the Institute of Education, sets out a path for reform for the UK, offering the best ideas from abroad. Central to getting greater value for the £5.5 billion we already invest in childcare as well as future … Continued

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Hangover Cure: Dealing with the household debt overhang as interest rates rise

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Debt & Savings

The UK is entering a period in which interest rates are expected to start rising again – with the first moves potentially coming later this year – having insufficiently dealt with the debt overhang. This leaves the UK economy vulnerable to even modest increases in interest rates.

Deconstructing the debt overhang will not be costless, but it is in everyone’s interests – borrowers, lenders, government and taxpayers alike – to adopt a pro-active measured approach rather than simply allowing it to collapse. We favour an orderly and managed dismantling of the debt overhang. This report sets out a series of recommendations for lenders, borrowers and policy-makers to make that happen.

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Mortgaged Future: Modelling household debt affordability and access to re-financing as interest rates rise

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Housing

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make their repayments unaffordable as interest rates rise over the next four years. Around 770,000 households are both at risk of being ‘mortgage prisoners’ due to a limited ability to switch to better mortgage deals and therefore insulate themselves against future rate rises, and at risk of being ‘highly geared’ where monthly mortgage repayments are eating up at least one third of their disposable income by 2018.

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Just the Job or a Working Compromise? The changing nature of self-employment

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Work & Security

The growth of self-employment has become one of the stories of the recovery. While the share of total UK employment accounted for by self-employment has risen for decades, bucking the trend internationally, its pace has accelerated since 2008. And while the number of employee jobs has only recently regained its pre-recession level, the number of … Continued

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