Analysis and action on living standards
Putting the 2023 Spring Budget in context
The overwhelming consensus was that Brexit – which raised trade barriers with the EU – would make the UK less open, less competitive and reduce the size of the economy. Our new report explores recent recent trade data seems to challenge that story.
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.
To deepen our understanding of where this crisis leaves Britain, our fifth Living Standards Outlook combines a new survey of 10,000 adults in the UK with modelling to help us to understand what the latest economic developments and planned government policy mean for household incomes and poverty this year and beyond.
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.
Your weekend guide to top political-economy research from around the world
In our twelfth annual edition of Low Pay Britain, we take stock of how low paid work has changed over the past two decades during the existence of the minimum wage in the UK.
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