Analysis and action on living standards
A New Economic Strategy for Britain
The transition to adulthood is a tumultuous time. But this part of the life course can be especially challenging for young people with mental health problems. Poor mental health can blight young people’s experience of education, and constrain their ability to flourish in the labour market thereafter. This matters not just for the here- and- now: there is a well-established ‘scarring’ effect that a bumpy start to adulthood can have on one’s long-term life chances.
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.
In this slide pack we preview the upcoming Budget, assessing the economic and fiscal outlook ahead of what will be a key pre-election economic-policy event. We focus on the scope for cutting taxes, and the implications of different policy choices, putting the Chancellor’s upcoming decisions in a broader context.
Families in Britain are confronted with what can be termed a ‘triple savings challenge’. This encompasses a lack of accessible ‘rainy day’ savings to cushion small cashflow shocks, inadequate precautionary saving to see people through large and unexpected income shocks, and insufficient saving to provide an adequate income in retirement. This report draws on behavioural insights and lessons from how other countries navigate the same issues to outline how the UK’s savings policy architecture can be transformed to provide a joined-up solution to Britain’s triple savings challenge.
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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