Three reasons to be concerned about job losses among older workers

A U-Shaped crisis 

by

Young people have been at the epicentre of the Covid-19 crisis. The severe restrictions and lockdown closures of social sectors of the economy – such as hospitality, retail, arts and leisure, where young workers are concentrated – has led millions of our youngest workers to be put on furlough or, worse still, lose their jobs. … Continued

Pre-pandemic Britain experienced a mini living standards boom – alongside rising child poverty

New data show stronger growth in household incomes leading up to the Covid-19 crisis, but we need to look over a longer period for a more accurate impression

by

The Department for Work and Pensions (DWP) today published statistics on household incomes and poverty covering  2019-20. Because producing these estimates is a time-consuming process – both for the households who are surveyed and the statisticians processing the data into interesting statistics – the results are already a year out of date, and tell us … Continued

The Government’s record on Covid-19 has been defined by two big successes and one recurring deadly failure

With the worst of the crisis behind us, it is right to assess how the Government has handled the pandemic

by

The first anniversary of the first national lockdown falls on 23 March. With the worst of the crisis behind us, it is right to assess how the Government has handled the pandemic. Even the Prime Minister’s former Chief Advisor Dominic Cummings thinks the need for an inquiry is urgent. We can break down the Government’s handling of the crisis into … Continued

Working in the Think Tank Sector

Highlights from our joint event in partnership with other think tanks and organisations

Think tanks are research organisations that develop ideas on a whole range of subjects affecting society. They make suggestions for action, using research, analysis and commentary to inform and influence politicians, policy makers and the public. Given the recent economic, social and political issues facing the UK, encouraging more diversity in the world of research … Continued

A loan scheme for renters could stop tenants from being made homeless

by

The protracted length of the coronavirus crisis has led to rent arrears reaching twice the level observed going into the crisis. In January 2021, we estimate that over 750,000 families were behind with their housing payments, 300,000 of which contained dependent children. Before the pandemic hit, many families spent a high share of their income … Continued

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

Ventures

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

Loading
No more posts found