Analysis and action on living standards
Changes in youth unemployment and study since the onset of Covid-19
In this edition of our regular Macro Policy Outlook, we focus on a bold new policy announced in the recent Budget to boost business investment. We set out why such policy is needed, given recent weakness in investment, before discussing the design of the policy and its possible impact.
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 report, we examine the impact of the third lockdown on the labour market, and ask what the crisis having dragged on for almost a whole year means for its effects. We also make recommendations for the future path of policy, both to address those effects and to successfully phase out support as the economy reopens.
This briefing note provides an assessment of the measures announced in the March 2021 Budget, during which the Chancellor announced significant additional policy support for the economy in the first two years of the forecast, and outlined plans to repair the damage to the public finances by raising taxes in the middle of the decade.
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:
Read our latest reports on education leavers during the crisis, lockdown living conditions, negative equity risks and income support schemes.
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Want to find out how much pay has grown since the financial crisis? Or which generation had it best when it comes to housing costs? We make some of our living standards datasets available online for the public to explore.
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