They’ve only just begun…

Government fires the starting gun on a Spending Review that must plot a path to prosperity

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Rachel Reeves certainly isn’t the first Chancellor to turn to financiers for line-by-line scrutiny of public expenditure, as she is reported to be doing, as she fires the starting gun on next Spring’s Spending Review. Back in 1931, Philip Snowden turned to Sir George May – a retired “man from the Pru” –  to identify … Continued

The surprising truth about why wealth inequality hasn’t risen – and the less surprising reality that Britain is still unfair

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“The rich are getting richer and the poor are getting poorer” is a slogan of at least 200 years’ standing, and one that feels apt in today’s Britain of burgeoning foodbanks and bumper executive bonuses. Indeed, most people who worry about wealth inequality would take it as read that it’s been getting worse. But look … Continued

Ventures

November WorkerTech Roundup

The latest update from Resolution Ventures

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November is often considered a month of reflection and gratitude. This may be because you’re amongst our American friends celebrating Thanksgiving this week or because you (like us) are struck by how quickly this year has gone by and can’t help but look back on all the changes this year has seen. This month in particular … Continued

Ventures

October WorkerTech Roundup

The latest update from Resolution Ventures

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This month’s newsletter brings you a world-first. We’ve been working with our friends at Bethnal Green Ventures to create the first market map of WorkerTech innovation in the UK. The State of WorkerTech in the UK report is an in-depth reflection of the social investment activity in the space and a taxonomy of the ventures … Continued

Ventures

The State of WorkerTech in 2024 – Report by Bethnal Green Ventures in collaboration with Resolution Ventures

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Resolution Ventures made its maiden WorkerTech investment in 2019, on what then was the start of much-needed innovation in the world of work.   The following year, we created the WorkerTech Partnership, the UK’s first programme of social investment directed towards improving the lives of those in low-paid and precarious jobs. At the center of the … Continued

Ventures

WorkerTech Roundup – September 2024

The latest update from Resolution Ventures

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I’m Aish, Resolution Ventures’ Ventures Manager and the new author of this monthly newsletter. Here in the UK, nothing says Autumn quite like unpredictable weather, train cancellations and party conferences. As headlines from respective political talks begin to appear in the news cycle, we’re keeping an eye out for announcements and legislation to do with … Continued

Ventures

WorkerTech Newsletter – August 2024

The latest update from Resolution Ventures

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In August, we were delighted to welcome Aish Moothan, our new Ventures Manager, to the Resolution Ventures team. You’ll be hearing more from her in future months. We are also celebrating the first exit from the Workertech portfolio, as Breakroom have been acquired by U.S. company ZipRecruiter. More on that below, along with some great … Continued

A one-year holding policy on the minimum wage signals a shift of focus to employment rights

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Today the Government published a new remit for the Low Pay Commission (LPC). The LPC are the independent body who recommend specific minimum wage rates to the Government – including the National Living Wage (NLW) which applies to workers aged 21 and over, and the age-specific rates for younger workers. But they make these recommendations … Continued

Ventures

WorkerTech Newsletter – July 2024

The latest update from Resolution Ventures

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We’re now a whole [counts on fingers] 25 days into the new Government in the UK, and there has been a flurry of announcements being broadcast from Westminster (as well as Leeds and Barnsley). So this month’s newsletter explores what we’ve heard so far – and what might come next. If you’re working on a tech-for-good … Continued

Ventures

WorkerTech Newsletter – June 2024

The latest update from Resolution Ventures

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  The Resolution Foundation team has been very hard at work in recent weeks preparing a series of excellent pre-election briefings ahead of the general election on the 4th July – see below for some examples. But what might this election mean for the future of work? The team have helpfully summarised the key issues, … Continued

How to weigh up minimum wage manifesto promises

Money talks but the bite is what matters

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While the principle of there being a minimum wage is, happily, no longer a matter of ideological contention in British politics, its future level is likely to remain a key labour market question in the general election campaign. It matters. First and foremost for the 1.6 million workers who directly rely on it (as well … Continued

Ventures

WorkerTech newsletter: May 2024

The latest update from Resolution Ventures

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I am bringing you this month’s newsletter, as Emma Selinger has now left the Resolution Ventures team and has headed off to join the brilliant folks at Fair4All Finance. We wish her well! We’re also heading into a General Election, which means my colleagues at the Resolution Foundation are working hard to bring you lots … Continued

Ventures

WorkerTech newsletter: April 2024

The latest update from Resolution Ventures

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This week I’m excited to share a new addition to our portfolio. Planna is a temporary workforce management tool making seasonal work better quality and more predictable. I also wanted to let you know that this will be my last newsletter for Resolution Ventures as I am moving on to a new role. It has been a … Continued

The jobs market recovery stalls

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Today’s labour market data from the ONS suggest that both labour demand and labour supply are heading South. The only silver lining is that, for those that do have a job, real pay has been rising fast. Labour supply is falling fast Economic inactivity rate has risen to its highest rate since 2015 among those … Continued

Ventures

WorkerTech newsletter: March 2024

The latest update from Resolution Ventures

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This month we have two funding opportunities to share with WorkerTech founders. In February, I told you about the GLA’s No Wrong Door Open Innovation Challenge which is still open for applications until 18th April. Today we’re also opening applications for the WorkerTech Pre-Investment Programme, a programme of grants and mentoring for early-stage WorkerTech founders. More … Continued

Universal Credit
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Incomes
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Inequality & poverty

Five takeaways from new living standards data

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The annual release of DWP’s Households Below Average Income (HBAI) figures is far less timely than other economic indicators and, as it is based on survey data, it is noisy. Yet, together with the ONS’s separate income survey data (expected later in Spring), it provides key insights into how living standards have changed for different … Continued

Austerity doesn’t just damage public services, it destroys faith in the future

Britain can’t afford the tax cuts announced in the budget

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As the dust settles on the budget, it’s time to reflect on the real task facing anyone trying to govern Britain. The tax cuts announced are paid for with big spending cuts to come: unprotected departments (like councils and prisons) face 13% (£19bn) cuts by 2028-29. Most people think delivering them is impossible, because they’ve seen the … Continued

Ventures

WorkerTech newsletter: February 2024

The latest update from Resolution Ventures

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This month I’m excited to tell you about a new initiative that we’re working on in partnership with the Greater London Authority and Allia.The No Wrong Door Open Innovation Challenge will support 15 innovators to test and build new solutions to support diverse groups into good quality work in London. If you’d like to know more, … Continued

Consumer debt in the UK is down 10%. The bad news? Utility bill arrears are up

Britons have been borrowing less since Covid, but people on lower incomes are falling behind on the rent

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It’s important to worry about the right things. Interest rates are up, sparking worries about our debts – in my case, the mortgage. Consumer debt (credit cards, overdrafts and personal loans) is surging, we’re told. But the truth is, consumer debt levels are down. New Resolution Foundation research shows them at their lowest since at least … Continued

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