Energy prices: Why now is the time to act to help millions of families facing fuel bill catastrophe

A benefits boost and insulation drive are needed

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The first day of April saw the largest overnight jump in energy bills in living memory, pushing up the cost of gas and electricity for 22 million families by more than 50 per cent. Despite this not having sunk in yet – households are only one bill into this new reality at most – we … Continued

The cost of living crisis is going to hurt

To tackle it, we will also need to address the stagnation which has bedevilled the UK economy for years

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Britain is at last stepping out of the pandemic that has dominated the last two years – only to step straight into a huge cost of living crisis that will be the defining economic feature of what remains of this parliament. The lives of those at risk from the unfolding nightmare in Ukraine are our … Continued

Ventures

WorkerTech newsletter: April 2022

The latest update from Resolution Ventures

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The World Economic Forum predicts that 40% of new job opportunities will be created in the care sector by 2023. While this presents a significant opportunity for workers to transition from other shrinking sectors, we need to make sure that the jobs available are good ones with fair pay and conditions. In this edition of the … Continued

Ventures

WorkerTech newsletter: March 2022

The latest update from Resolution Ventures

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Thanks to Well_Lab, a collaboration between Wellcome Trust and Brink, yesterday I joined experts in work, employment, health and wellbeing at a round table to share ideas on what works and what doesn’t to improve worker wellbeing. While no one had a one-size-fits all answer, it was inspiring to hear of so many initiatives to support people experiencing wellbeing issues at … Continued

Ventures

Resolution Ventures invests in Ikigai Data

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We’re pleased to welcome Ikigai Data to Resolution Ventures’ social investment portfolio as part of the Workertech Partnership. The Workertech Partnership is backing a new wave of innovators who will harness technology to improve the pay, prospects, power, and progression of low-paid workers. Ikigai Data is a careers data and insights company that works with … Continued

Labour market tight, household budgets tighter

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Tuesday’s labour market data showed that many of the trends of recent months remain in play. The labour market tightened further, participation continued to disappoint and real pay packets kept falling, while nominal pay growth hasn’t yet shown clear signs of accelerating.  The labour market is tight The labour market is now very tight on … Continued

Good headline news on NEETs hides a worrying rise in economically inactive young men

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This morning the ONS published the latest figures outlining the number of young people who are not in education, employment or training (NEET). Overall 692,000 16-24-year-olds (10.2 per cent), including 642,000 18-24-year-olds (12 per cent), found themselves NEET at the end of last year. On the surface, this is worth celebrating: the number and proportion … Continued

Economy 2030

Forget all you’ve heard about working life in modern Britain. It’s wrong

The myths perpetrated about modern employment have left us perilously ill prepared for true economic change

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Economic change is speeding up. Technology means that industries are shrinking and growing faster than ever. The young change jobs incessantly while firms fire at will, ending the “job for life” enjoyed by previous generations. Everyone moves around the country for work these days, vacating poorer parts of Britain and hollowing out communities. All of … Continued

Inflation will hit low and middle-income families hardest

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This year is not being kind to the reputation of Britain’s institutions. Two months in, the police are already questioning the country’s elected — and unelected — leaders. But the cost-of-living catastrophe that will dominate 2022 will turn the heat on to our economic institutions. They are unlikely to emerge unscathed. Prices rose 5.5 per … Continued

If fewer workers migrate to Britain, our own will need greater mobility

Migration policy can complement an economic strategy, but it can’t stand in for one.

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One of the main benefits often cited of leaving the European Union was that the UK regained control of its borders, with the Prime Minister arguing that bringing in a more controlled migration regime would be key to enabling the UK to become a high wage economy. Others fear that the shift to a new, … Continued

Ventures

WorkerTech newsletter: February 2022

The latest update from Resolution Ventures

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Did you know that in 2019, 10% of the working population did some form of weekly gig work? Growth in this part of the labour market shines a light on the tension between the autonomy and flexibility that gig work offers, and the lack of income security, worker rights and safety net that are inherent to atypical … Continued

Ventures

Resolution Ventures invests in CareerEar

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We’re delighted to announce that Resolution Ventures has made an investment in CareerEar as part of the Workertech Partnership. The Workertech Partnership is backing a new wave of innovators who will harness technology to improve the pay, prospects, power, and progression of low-paid workers. CareerEar is an online platform helping career-seekers from underserved groups to … Continued

Levelling-up: The Blair-Osborne Project

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There have been many attempts in the past to reduce the gaps between richer and poorer parts of the UK. But despite progress on some measures (most notably employment and pay), geographic disparities remain substantial and stubborn, particularly when it comes to productivity. The gap in typical pay between Kensington and Chelsea and Scarborough has … Continued

Ventures

WorkerTech newsletter: January 2022

The latest update from Resolution Ventures

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Did you know that more than one in three people working in hospitality and retail would consider switching careers after the pandemic? According to a poll conducted by Learning and Work Institute for their 2021 report, Fast Forward, workers in these sectors are thinking about a new career path. This type of career switching is likely to increase due … Continued

Economy 2030
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Net Zero

Working from home means bigger bills and highlights the need for better insulation

‘Running the boiler all day will see the average household use around 50 per cent more gas than if their home was unoccupied’

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With the rise of the Covid variant Omicron, working from home is back. One of the many differences between this winter and last, however, is that working from home has come amid a cost of living crisis, with inflation recently hitting a 10-year high. It’s easy to see the spread of higher prices in day-to-day life, … Continued

Spiralling energy prices will turn the UK’s cost-of-living crisis into a catastrophe

A £300 one-off payment to millions of low-income households is the minimum needed to mitigate rising bill

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A cost of living catastrophe is what British families are facing in early 2022. The government has been understandably focused on Omicron but has woken up to this crisis, and is now discussing policy action to address it. But there is no magic bullet. What’s worse, this comes on the back of a decade of … Continued

The jobs market is healthy and doesn’t have a temperature, but pay packets are shrinking not surging

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Today’s labour market stats release should have marked a turning point in the post-pandemic labour market, as furlough came to an end and the economy adjusted to a period without restrictions. Instead, the data out this morning – which covers October and November – covers two months of relative normality between the end of furlough … Continued

Influencing employers roundtable: helping employers improve the quality of work they offer

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Executive summary One of the ways for Workertech to have an impact on low-paid workers is by developing new tools and incentives that encourage businesses to improve the quality of employment. In October the Resolution Foundation brought together some leading organisations with experience of influencing employers via standards and accreditation to improve the quality of … Continued

Ventures

WorkerTech newsletter: November 2021

The latest update from Resolution Ventures

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Although this is the last newsletter of the year, it is jam-packed with opportunities and resources for WorkerTech founders, not least because applications for BGV’s Tech for Good programme starting in Spring 2022 opened yesterday! Resolution Ventures partners with BGV to back WorkerTech ventures through their 12-week Tech for Good programme. We want to help founders develop … Continued

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