The RF Earnings Outlook Q2 2015

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Jobs, Skills and Pay

Recent instalments of labour market data have painted a picture of steady but unspectacular growth in nominal wages, combined with zero inflation, producing real average weekly earnings growth above the pre-crisis trend. Labour productivity has started to rise but is essentially unchanged from its 2008 level, fuelling concerns that the pay recovery may prove short-lived … Continued

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Closer to the edge? Debt repayments in 2018 under different household income and borrowing cost scenarios

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Housing, Wealth and Debt

Britain faces the mounting prospect of a household debt crisis as analysis from the Resolution Foundation suggests that a least a million British families, and possibly as many as 2 million, could be spending more than half their disposable income on repayments by 2018 The study uses the latest five-year growth projections from the Office … Continued

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Getting On: Universal Credit and older workers

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Tax and Welfare

Britain is missing a crucial opportunity to encourage more older people into work because the government’s new flagship welfare reform delivers only mixed benefits for the age group. While many older workers will be better off under Universal Credit (UC) – the system replacing tax credits and several other benefits from this year – others … Continued

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Will future tax cuts reach struggling working households?

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Tax and Welfare

This briefing looks at how exactly tax cuts interact with Universal Credit and quantifies how little low to middle income working households will keep from a higher personal allowance or a 10p tax rate under UC. It also suggests a simple way in which the Government could ensure that the benefits of tax cuts do … Continued

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No Clear Benefit

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Tax and Welfare

Low-income families will see their council tax bills rise by up to £600 a year from April. As a result of council tax benefit reform, No Clear Benefit shows that three-quarters of local authorities are set to demand increased payments from the 3.2 million poorest working-age households who currently pay either no council tax or a reduced … Continued

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The costs of childcare after housing costs

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Tax and Welfare

It is well known that the UK has some of the most expensive childcare in the OECD, accounting for a third of household income in some cases. New analysis published by the Resolution Foundation shows that the picture is even bleaker for families than we generally assume. The analysis looks at the costs of childcare … Continued

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