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Analysis and action on living standards
Our second dedicated Living Standards Outlook, combines survey data, OBR forecasts, the government’s tax and benefit policies, and more, to project household income growth for different groups.
This report contains the Commission’s conclusions, drawing on a deep and wide-ranging examination of the experiences and prospects of different generations in Britain.
This year’s report – the eighth edition of Low Pay Britain – documents the headline trends shaping the low-paid end of the labour market today and highlights the new challenges policymakers should be addressing.
A look beyond the headline data on the forces behind current developments in pay, how the fruits are shared, and the short- and longer-term drivers of earnings growth.
We'll be discussing the implications of all this (and much more) in more detail at our pre-Spring Statement event resolutionfoundation.org/events/spring-… Retweeted by ResolutionFoundation
However, it will take some time before we record any noticeable change in our stock of debt to GDP though – either on the headline measure or the one that excludes Bank of England measures (mainly QE) Retweeted by ResolutionFoundation
The Chancellor will undoubtedly be pleased though that, on a rolling 12-month basis, the latest figures mean the ratio of government borrowing to GDP is as low as it’s been since May 2002 Retweeted by ResolutionFoundation
A record surplus in Jan-19 (due to high inc tax/NICs receipts) means govt borrowing in first 10 months of 2018-19 was down 47% on 2017-18. Good news for the Chancellor, but timing effects mean Jan/Feb data usually best viewed as a package: we'll get a clearer picture next month Retweeted by ResolutionFoundation
The Spring Statement on 13th March will provide an important health check on the UK economy a fortnight before Britain is scheduled to leave the EU. What to make of our economic outlook? Spaces left for our event on 4th March where we discuss just this resolutionfoundation.org/events/spring-…
@adamcorlett There's a lot of politics going on right now, but we mustn't take our eye off the ball on this stuff. Kids only get one chance at their childhood, and the damage can last a long time. See the full report for lots of sobering analysis, along with some hope resolutionfoundation.org/publications/t… Retweeted by ResolutionFoundation
@adamcorlett As a result, we're projecting that the rise in child poverty we've seen over the last few years will continue for some time to come. On these projections, the number of children in poverty is set to rise by 1 million between 2016-17 and 2023-24, taking the rate to record levels Retweeted by ResolutionFoundation
Another brilliant but bleak annual Living Standards Outlook from @adamcorlett today. Shows v clearly how current economic projections and govt tax and benefit policy are set to combine to produce very slow growth in median household income over the coming years Retweeted by ResolutionFoundation
Let's take stock for a moment - what do changes in the way we shop mean for jobs in retail? Spaces left at our event on 27th February when we'll present findings from a new comprehensive review of the changes in retail employment. resolutionfoundation.org/events/taking-…
Lunchtime read - our latest Living Standards Outlook 2019 by @adamcorlett . This year we've looked at the outlook for child poverty - which risks hitting record levels by the end of the parliament (having increased continuously since 2011) resolutionfoundation.org/publications/t…
