Analysis and action on living standards
Understanding labour market statistics during the coronavirus crisis
This was not a Budget, but was still a big deal with £30bn of measures to support the economy. This is particularly significant when seen in combination with £160bn of pandemic-related support already announced, leaving borrowing this year on course to reach £350bn. Read the Resolution Foundation's overnight analysis of the Chancellor's Summer Economic Update.
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.
Having weathered the first wave of the coronavirus economic storm, country must now focus on how to reopen, revive, and rebuild our economy while the virus remains with us. Here's how the Government should do this.
The coronavirus crisis has had a severe impact on the country’s health, but also its economy and the labour market with it. Policy makers should act now to minimise outflows from the hard-hit sectors and pursue radical action to create jobs across the country.
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:
The OBR’s Fiscal Sustainability Report makes clear the implications of a crisis-driven rise in unemployment for the public finances
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