Introducing the Workertech Partnership

Backing a new wave of innovators who will harness technology to improve the prospects, power and choices of workers

by

The world of work was already changing rapidly before the crisis, with rising use of automation and increasing levels of insecure work. Coronavirus has highlighted how exposed many people are to changes in hours, lack of health and safety protections, and how few opportunities there are for flexible employment that works for families. The coronavirus … Continued

The Chancellor has prevented a grim winter of redundancies – but has failed to fix the faults with his jobs support package

by

On Thursday, Rishi Sunak announced that the Job Retention Scheme – where employees can be put on furlough and still get 80 per cent of their wages covered by the government – will continue to the end of March. Self-employed workers can get another three-month grant of 80 per cent of their pre-crisis profits. There … Continued

Worse for some

The economic pain is being felt differently by different people. And for many of them, rock bottom is still to come

by

The pan in pandemic is a dangerous prefix. While the virus now straddles the globe, those three letters can give the impression of an equality of impact that is very far from the truth. On the health side this is blindingly obvious, with death rates from the virus climbing sharply with age and, as in … Continued

The current consumption crisis will be important for the future jobs market recovery

by

Britain’s jobs crisis is concentrated in low-paying sectors like hospitality, retail, arts and leisure that have been hardest hit by lockdown and ongoing social distancing measures. In 2019, 32 per cent of 18-29-year-old employees worked in these sectors. But those who tend to spend the greatest proportion of their disposable income on these more pleasurable … Continued

The Child Trust Fund comes of age

It presents a unique opportunity to learn about the difference that asset ownership can make

by

With little fanfare the UK is about to witness a mass experiment in the extension of access to capital. Other nations may have sovereign wealth funds, and some have experimented with universal basic incomes, but the UK is the first to create a citizen’s endowment for all young adults. From next week those turning eighteen … Continued

Millions of furloughed workers have returned to work – but support for hard-hit sectors will be needed beyond October

Analysing the HMRC Coronavirus Job Retention Scheme data

by

This morning, HMRC published its latest round of statistics on the Coronavirus Job Retention Scheme (JRS). For the first time, we have a time series of the number of furloughed workers, as opposed to the cumulative total, meaning we can see how use of the scheme has evolved since the start of April. Here are … Continued

The UK should not weaken safety nets mid-storm

As more workers are laid-off this autumn, the grim reality of meagre support will become clear

by

Resisting pressure to spend more on disadvantaged groups is seen as part of the job by battle-hardened officials in the UK Treasury. But stripping away benefit increases that have only just been introduced is rather different and doing so in the midst of an economic collapse would, to put it mildly, be something extraordinary. Yet … Continued

James Smith

Sunak’s crisis-fighting measures: time to scale up?

The Chancellor’s policy announcements are generating wide discussion but are the sums commensurate with the depth of the downturn?

by

This week the Chancellor Rishi Sunak unveiled his “Summer Economic Update.” In case it’s not clear, this wasn’t technically a Budget. That said, it still contained more policy than all but three of the fiscal events we’ve had since the onset of the financial crisis more than a decade ago. So, it was a big … Continued

Any further questions?

From 'The Full Monty: Facing up to the scale of the COVID-19 jobs crisis'

by

We often have more questions submitted for our event Q&A sessions than we’re able to answer. Where this is the case, we’ll endeavour to respond to a selection of the most interesting or most representative questions that went unanswered. The questions below were submitted to our panel for the event  The Full Monty: Facing up … Continued

Introducing Resolution Ventures

How we're using social investment to complement our policy and analytical work

by

An introduction from our Director of Ventures Today the Resolution Foundation launches a whole new section of our website: Resolution Ventures. Here we will be talking about the social investment and ventures work of the Foundation. In 2017 the Resolution Trust started running a pilot social investment programme in workertech, in partnership with Accenture and … Continued

Any further questions?

From 'Weathering the storm: How wealth shapes the ability of families to face this economic crisis'

by

We often have more questions submitted for our event Q&A sessions than we’re able to answer. Where this is the case, we’ll endeavour to respond to a selection of the most interesting or most representative questions that went unanswered. The questions below were submitted to our panel for the event Weathering the storm: How wealth … Continued

Any further questions?

From 'From loud claps to hard cash A new settlement for Britain’s low-paid workers'

by

We often have more questions submitted for our event Q&A sessions than we’re able to answer. Where this is the case, we’ll endeavour to respond to a selection of the most interesting or most representative questions that went unanswered. The questions below were submitted to our panel for the event From loud claps to hard … Continued

Any further questions?

From The safety net in action? Universal Credit’s role in the crisis and the recovery

by

We often have more questions submitted for our event Q&A sessions than we’re able to answer. Where this is the case, we’ll endeavour to respond to a selection of the most interesting or most representative questions that went unanswered. The questions below were submitted to our panel for the event The safety net in action? … Continued

Five things we’ve learned from today’s labour market data

by

This morning the Office for National Statistics (ONS) published the first major set of labour market data that covers the lockdown period, with data from April on vacancies, claimant unemployment, and employee jobs. Of course, the scale of the crisis has been clear for some time in other data – including Universal Credit claims and … Continued

Any further questions?

From the event 'The corona class of 2020: How to support young people leaving education amid the crisis'

by

We often have more questions submitted for our event Q&A sessions than we’re able to answer. Where this is the case, we’ll endeavour to respond to a selection of the most interesting or most representative questions that went unanswered. The questions below were submitted to our panel for the event The corona class of 2020: … Continued

Churchill, the crisis and a better deal for Britain’s low paid

If we are to have a Churchillian response to the crisis, let’s have the right one

by

It was inevitable, perhaps, that the current crisis would result in daily nods to our foremost leader during a time of national crisis. Mr Johnson, a biographer of Churchill, was always going to succumb. And during the PM’s illness a range of lesser known politicians reached for Churchill as they strained to rise to the … Continued

Government has further to go to protect livelihoods during this crisis

Steps taken by the government to protect individuals and the wider economy are welcome, but gaps remain

by

This downturn is very different from the last. The 2008 crisis originated in the financial services sector, rippling out to the rest of the economy and leading to an increase in unemployment of just over one million between 2008 and 2011. This time is different. The UK, and much of the world, is about to … Continued

Unprecedented support for employees’ wages last week has been followed up by equally significant, and even more generous, support for the self-employed. But gaps remain

by

Yesterday, the Chancellor announced that last week’s pledge to underwrite 80 per cent of the wages of employees without work to do during this crisis is being matched with significant grants to the self-employed. This is an important addition to existing plans to support employees, and in many ways a more generous offer. The Self-Employed … Continued

New data shows households were struggling even before coronavirus

by

Today we got the best data yet on the state of Britain’s household finances going into the present crisis, and – given that the impact of this shutdown and recession will be unequally felt – it was important that we also got more information on how particular groups were faring. Neither perspective is reassuring.  There was no growth in typical incomes between 2016-17 and 2018-19  The Department for Work and Pensions (DWP)’s new, detailed household … Continued

Family spending before the coronavirus crisis helps us to understand its potential impact

by

Last week the Office for National Statistics (ONS) published its annual rundown of how UK households spent their money. These statistics provide the most detailed and direct insight into current living standards, and with a coronavirus-driven economic crisis in the making, they also give us a guide as to how we might expect things to … Continued

Loading
No more posts found