Analysis and action on living standards
Reforming vehicle taxes
In this essay, part of our Navigating Economic Change series, the authors explore how cities can reverse long-term economic underperformance and move towards a new trajectory, looking at seven cities across five countries that have faced severe economic shocks but managed to break away from the resulting cycles of decline and transition to a more successful development path.
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.
This year’s Audit zeros in on shorter-term changes and differences between generations, analysing how the cost of living crisis has to date and will continue to be experienced by different age groups. Overall, we find that older age groups are more exposed to rising energy prices, as they are more likely to live in larger and less energy efficient homes. But decades of low pay growth, higher housing costs and high and rising intergenerational wealth inequality means that the young are far less likely to have a ‘savings buffer’ to cover unexpected or higher costs.
The Bank of England is nearing the end of its rate-rising cycle, but in the latest Macroeconomic Policy Outlook , we explore why two-thirds of Britain’s mortgage-rising pain is still to come.
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:
Resolution Ventures exists to back innovative start-ups seeking to change the world of work for the better and early-stage ventures seeking to improve the prospects of low-to-middle income Britain.
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Improving low-paid work through higher minimum standards
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