Britain needs a new twin-track trade strategy that protects high-value manufacturing while seeking out new markets for its world-leading services firms 15 June 2023 The UK’s initial post-Brexit trade plan must be replaced with a far more ambitious strategy to protect Britain’s vulnerable high-value manufacturing firms – reliant on being part of European supply… READ MORE
Overall net migration hits record high – but migrant workforce is growing more slowly than it was pre-Brexit 25 May 2023 …number of migrant workers rose by 170,000 over 2022 – up from lows immediately post-Brexit but significantly below the pre-Brexit average of 230,000. The latest migration data for the year… READ MORE
Headline trade data highlights the UK’s strengths in selling services, but hides major weakness on exporting goods 28 February 2023 …G7 comparators – according to new Resolution Foundation research published today (Tuesday). The overwhelming consensus has been that the trade barriers brought about by Brexit would leave the UK economy… READ MORE
Global trends are set to push down UK inflation 10 December 2022 …new Resolution Foundation research published today (Saturday). The Foundation’s latest Macro Policy Outlook examines how global issues have fuelled domestic UK inflation, the impact of UK-specific issues such as Brexit,… READ MORE
End of Covid restrictions sees net migration hit 500,000 for first time ever 24 November 2022 …ONS data – which offers the first official insight into international migration levels under the new post-Brexit migration regime since the relaxation of Covid restrictions – shows that annual net… READ MORE
Brexit has damaged Britain’s competitiveness, and will make us poorer in the decade ahead 22 June 2022 Brexit has not had the expected effect of narrowly reducing exports to the EU, but has instead more broadly reduced how open and competitive Britain’s economy is, which will reduce… READ MORE
Omicron briefly stalls economic recovery as attention turns to high inflation and weak trade 11 February 2022 …despite healthy growth of 1.3 per cent in December, highlighting the impact of Brexit, as well as Covid, on parts of the economy. Data for the first 12 months of… READ MORE
Britain’s porous safety net fails to protect the poorest or workers facing big economic disruption 19 January 2022 …that the economic disruption over the next decade from Covid, Brexit and the net zero transition, means that the welfare state will need to do a better job of supporting… READ MORE
Economic change facing workers has been slowing for decades, reducing damaging job losses but also leading to fewer big pay rises 2020s set for renewed job churn in response to Covid, Brexit and the net zero transition 6 January 2022 …combination of Covid-19, Brexit and the transition towards a net zero economy brings about major changes in the UK economy. Nye Cominetti, Senior Economist at the Resolution Foundation, said: “The… READ MORE
Misdiagnosis of Britain’s productivity problems are distracting policymakers from tackling the investment and leadership weaknesses holding firms back 15 November 2021 …of huge economic change from the triple impacts of Brexit, Covid and net zero. It will be UK firms that ultimately determine whether we navigate these changes in a way… READ MORE
Chancellor sets the stage for a new high tax, big state economy as outlook for living standards deteriorates 28 October 2021 …to grips with the impact of Covid, Brexit and the Net Zero transition over the coming decade, the country remains in need of an economic strategy that steers us through… READ MORE
‘Speed over strategy’ approach to trade risks missing opportunity to shape UK’s economic future 14 October 2021 The UK’s post-Brexit trade policy, which has been too focused on rushing through agreements at the expense of an underpinning economic strategy, risks leaving the country without a plan for… READ MORE
PM embraces need for a new post-Brexit, post-Covid economic strategy, but has nothing to say about what that should be beyond lower migration 6 October 2021 Commenting on the Prime Minister’s speech at the Conservative Party conference today, in which he began to set out his vision for a new economic strategy to tackle the issues… READ MORE
‘Rishinomics’ is rooted in the Treasury view but with a new Californian twist 4 October 2021 …policy, but nevertheless we learnt a lot about his approach to UK’s post-Covid, post-Brexit economy. “‘Rishinomics’ – rooted in the Treasury view but with a new Californian twist – turns… READ MORE
Low earners have lost their ‘job satisfaction premium’ over higher paid staff amid rising stress and falling levels of control 20 September 2021 …With the 2020s set to usher in another period of change in workplaces – driven by Covid, Brexit, and rising automation among other factors – the Foundation says the impact… READ MORE
UK facing a ‘decisive decade’ of change that the country is neither used to, nor prepared for Lack of a renewed economic strategy for the 2020s risks ‘Italian style’ relative decline 18 May 2021 The UK is facing a ‘decisive decade’ of change as five seismic economic shifts – the Covid aftermath, Brexit, the Net Zero transition, an older population and rapid technological change… READ MORE
Ground-breaking new Inquiry will help post-pandemic Britain successfully navigate a decade of unprecedented economic change 31 March 2021 The 2020s will see the UK experience unprecedented economic change – driven by the triple shocks of the Covid-19 pandemic, Brexit and the transition to a Net Zero future –… READ MORE
Labour market set for significant post-Brexit change with migrant workers numbers already falling 16 December 2020 …store when the UK’s post-Brexit immigration regime comes into effect on 1st January, according to new Resolution Foundation research published today (Thursday). The report Home and Away – supported by… READ MORE
Covid crisis prolongs Britain’s 15-year living standards squeeze and leaves austerity in place for many public services 26 November 2020 …highest. Other findings on public spending from the overnight analysis include: Brexit boost for some Whitehall departments… Spending increases next year have gone to the usual priorities such as health,… READ MORE
Midlands soars while London stalls – house prices across the UK are set to continue ‘levelling up’ 30 January 2020 …the week. The Foundation’s analysis says that commonly cited explanations of regional house price changes – such as interest rates and, more recently, Brexit uncertainty – can’t help us explain… READ MORE
Modest manifesto sees Conservatives scrap tax cut promises – and the country facing a huge choice on the size of the state 24 November 2019 Commenting on the 2019 Conservative Manifesto published today (Sunday), Torsten Bell, Chief Executive of the Resolution Foundation, said: “Brexit is happening, but big tax cuts aren’t. That is the short… READ MORE
A slowing economy at home and abroad will set the backdrop to the next parliament 11 November 2019 …in August and September as the crucial service sector has stagnated. This slowdown follows not only Brexit uncertainty at home, but a weaker economic outlook globally. “This profound economic shift… READ MORE
‘No deal’ would require a £60bn policy response 19 September 2019 With existing studies of a ‘no deal’ Brexit focusing on the size of the economic shock, and many policy makers focusing on how little can be done about the structural… READ MORE
Macroeconomic policy The UK is not recession ready 9 September 2019 …crisis, are not necessary in the UK today. The Foundation says that while the government is likely to be fully consumed by Brexit and Budget planning in the coming months,… READ MORE
Chancellor’s spending plans are likely to break his fiscal rules 31 August 2019 …by higher government spending, rather than weaker tax revenues. Following recent forecast downgrades by the Bank of England, the report adds that a weaker economy on the back of Brexit… READ MORE
