Cutting back on the investment and delivery of public services is not what the economy needs – or what the electorate wants

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The Government’s current plans for post-election cuts to public spending look undeliverable given rising prices and increasing demand on services. As discussed below, plans to cap day-to-day spending increases at 1 per cent (after allowing for inflation) imply very big cuts to departments not covered by existing spending commitments. This is particularly worrying given pre-existing … Continued

Labour market enforcement
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Labour market

Government names and shames 500 firms for illegally under-paying staff – but will it dissuade others from flouting the law?

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Today the Department for Business and Trade published a list of more than 500 employers who have underpaid the minimum wage, in the latest ‘naming round’ that publicises firms that break the law. Among the list are household names such as Greggs, easyJet, Hamleys and River Island, as well as smaller local businesses from across … Continued

Ventures

WorkerTech newsletter: January 2024

The latest update from Resolution Ventures

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‘Why is a think tank investing in startups?’ is a question I hear a lot. This month I’m bringing you some insights from the ‘thinking’ part of Resolution Foundation to try and answer this. One of our most recent research-focused newsletters does a great job of showing how research shapes our investment priorities, while also … Continued

Housing is at the heart of the financial squeeze families are facing

In spite of rising wages and falling inflation, many households feel worse off than before

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We’re more than two years into the cost of living crisis, and some politicians are cheering its end off the back of falling inflation. However, given that more families say their finances have got worse, not better in recent months, these politicians risk looking out of touch. Indeed, according to the Resolution Foundation, the average … Continued

Ventures

WorkerTech newsletter: December 2023

The latest update from Resolution Ventures

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As we come to the end of the year we’ve been reflecting on our work in 2023, so in this edition you’ll find our highlights of the year. Do you have a WorkerTech idea that you’re developing for 2024? Book in a time to speak to us in January to see how we can work … Continued

Ventures

WorkerTech newsletter: November 2023

The latest update from Resolution Ventures

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Last week we hosted our first WorkerTech Conference bringing together startup founders, investors, policymakers, unions, and researchers all interested in how tech can improve low-paid and precarious work. More details on the day are in this newsletter, and a link to re-watch the sessions if you weren’t able to join us. Since then, we’ve been busy spreading the … Continued

Flat pay, little wealth and a shrinking safety net. Whatever happened to the millennials?

What does the Intergenerational Audit say about UK Millennials

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Recently, there’s been good news for millennials from across the pond where the latest data suggests their living standards are catching up with (and on some measures surpassing) previous generations. Unfortunately, the same can’t be said for British millennials. It’s now been five years since the Resolution Foundation’s Intergenerational Commission first laid out the state … Continued

Ventures

WorkerTech newsletter: October 2023

The latest update from Resolution Ventures

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As promised in last month’s newsletter, we have three more investments to announce. We’re excited to welcome these three companies and their brilliant founding teams to our portfolio: 🍽️ Slinger – a platform for hospitality workers to find shifts at a time and place that suits them, and that are guaranteed to pay at least … Continued

Good work across the UK’s nations, regions and industries

The 11th Annual NERI Dónal Nevin Lecture

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The 11th Annual NERI Dónal Nevin Lecture in association with the School of Social Sciences, Education and Social Work at Queen’s University Belfast took place on Monday 16 October, 2023 from 11am – 1pm.  The venue was the Canada Room (and Council Chamber), Lanyon Building, Queen’s University Belfast. Torsten Bell, Chief Executive of the Resolution … Continued

Flying blind?

The case of the missing employment data

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Every month the ONS releases lots of data on the condition of the UK labour market – including information about employment, jobs, pay, and vacancies. But for the first time (that we are aware of), today’s statistics were released without the data that comes from the ONS’s Labour Force Survey (LFS) – the source for … Continued

What does it take to reduce poverty?

Lessons from the 21st Century so far

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Torsten Bell, Chief Executive of Resolution Foundation, delivered the 2023 Annual Challenge Poverty Week Lecture. The lecture is hosted by The Poverty Alliance, Scotland’s network of organisations and individuals working together to end poverty, and Scottish Poverty Inequality Reduction Unit (SPIRU). Catch up on the presentation below for an insight into the state of British living standards, … Continued

Ventures

WorkerTech newsletter: September 2023

The latest update from Resolution Ventures

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It’s been a busy summer here at Resolution Ventures. We’ve been pleased to complete four investments (more on those below and next month), and are looking forward to our first-ever Workertech conference in November. Sign up now to join us for a day of exploration and discussion on the future of better work. As always, … Continued

The labour market is cooling but pay growth remains strong

New ONS labour market statistics show the biggest employment fall on record outside of a recession

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This morning’s labour market statistics show that the labour market is starting to cool, with the biggest employment fall on record outside of a recession. But this is not yet feeding through into wages, which grew at record high rates. And while wage growth impacts both workers and (indirectly) the wider economy, this month’s pay … Continued

Ventures

WorkerTech newsletter: August 2023

The latest update from Resolution Ventures

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Last month I announced the date for our first-ever WorkerTech Conference on 21st November, and over 100 of you have registered to attend in person already. We now have even more brilliant speakers confirmed, including Claudine Adeyemi, CEO of Earlybird, Emma Back, Founder of Equal Care Coop, and Jeegar Kakkad, Director of Future of Britain Policy at Tony … Continued

Real-term public sector pay falls are fuelling the recent strikes… but what lies ahead?

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Across the past year, 3.9 million working days have been lost to industrial action– more days than at any point since the 1980s. The Resolution Foundation’s Labour Market Outlook, published today, takes a look at why these strikes are happening… and, crucially, at what’s happening to public sector pay, and how this has fuelled the … Continued

Ventures

WorkerTech newsletter: July 2023

The latest update from Resolution Ventures

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Are you free on 21st November? I’d love you to join us at our first-ever WorkerTech Conference in central London. We’ll be exploring the relationship between impact investors and start-ups, and examining how mission-driven organisations – in collaboration with foundations, researchers, unions and businesses – can use data and technology to benefit low-paid workers and … Continued

Covid-19

The Kickstart scheme: reflections three years on

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Three years on from the advent of the Kickstart scheme – the Government’s employment programme which created jobs for young people aged 16-24 during the Covid-19 pandemic – the Department for Work and Pensions (DWP) has published a process evaluation report looking at the effectiveness of the scheme. Of course, the labour market looks very … Continued

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