Analysis and action on living standards
Beyond the minimum wage to dignity and respect
When the UK went into lockdown, Universal Credit faced an unprecedented surge in claims. This report assesses how the system coped, how families on UC are managing, and what the Government should do to get UC ready for future challenges.
The Resolution Foundation is an independent think-tank focused on improving living standards for those on low to middle incomes. We work across a wide range of economic and social policy, combining our core purpose with a commitment to analytical rigour.
The coronavirus pandemic is having a profound impact on the UK economy, as well as other economies around the world. In our work on this topic we consider the scale and nature of the economic shock, and what practical support is needed to help limit the living standards hit to households.
This is the second Macro Policy Outlook, providing a policy-focused take on the economy. In this edition, we bring together the insights from new research into the impact of coronavirus on the economy with the latest data on its effects, in order to draw out the lessons for policy makers.
The Resolution Foundation calculates the real Living Wage – a voluntary hourly pay rate that is based on what families need to get by. The current national rate is:
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