Analysis and action on living standards
Putting the Autumn Statement 2023 in context
This fifth Intergenerational Audit for the UK provides a comprehensive assessment of how living standards have changed for younger generations, in an attempt to shed some light on whether millennials in the UK have experienced a comparable improvement in their economic fortunes as their US counterparts. We show that, unlike in the US, welcome improvements to millennials’ living standards in recent years in the UK have not gone far enough to close the long-standing generational gaps.
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.
After the success of the Commonwealth games in 2022, Birmingham is now in the news for the wrong reasons. Financial difficulties facing the City Council culminated in a formal declaration on 5 September 2023 that Britain’s largest local authority was, in effect, bankrupt. In this report, alongside a a twin paper on Greater Manchester, we provide grounded answers to the difficult question of what it would take to achieve a higher-productivity future for these two great, but different, cities.
The productivity of the UK's largest cities lags behind the UK average, bucking the global trend for bigger urban areas to be more productive. This report provides grounded answers to the difficult question of what it would take to achieve a higher-productivity future for Greater Manchester,
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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