Five take-aways from the 2022 ASHE release: a bad year for pay growth, but good news on pay inequality

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The ONS published their annual release from the Annual Survey of Hours and Earnings (ASHE) on October 26th. It’s not the timeliest data – it was collected from a survey of employers all the way back in April, and we already know from other data sources how pay has evolved through to July and August. … Continued

Ventures

WorkerTech newsletter: October 2022

The latest update from Resolution Ventures

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This month we’re focusing on some great events open to our readers during the remainder of 2022. Register now for Impact investing in technology to address skills and employment challenges   💸 Tuesday 15th November, 10 – 11am: Impact investing in technology to address skills and employment challenges, in partnership with Ufi VocTech Trust. An opportunity to hear about … Continued

A cut to benefits would batter millions of households

Liz Truss’s threats of a real-terms cut would ramp up inequality and hamper growth

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The chancellor’s mini-budget has spooked the markets, stoked a rise in interest rates, and now caused a full-blown and very public cabinet row over whether to cut benefits for millions of working-age families. Some ministers are urging the prime minister to press ahead with the cut and end Britain’s “Benefit Street culture”, while others have spoken out … Continued

Economy 2030

Britain needs to get serious about an economic strategy towards a more prosperous, fairer, greener 2030s – can you help?

Call for policy ideas to help Britain become a fairer, greener, more prosperous nation

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The UK’s cost-of-living crisis – with rocketing food and energy prices – is making everyone poorer, and is particularly harmful to low-to-middle income households. But this recent crisis isn’t isolated, because the Britain that confronts it suffers from a toxic combination of high inequality and protracted slow growth.   The UK also has great strengths … Continued

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WorkerTech newsletter: September 2022

The latest update from Resolution Ventures

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Last week, the day before the not-so-mini budget, the Living Wage Foundation announced the new real Living Wage. In a year of unprecendented inflation due to soaring energy prices, we have also seen a significant rise in the real Living Wage both in and outside of London. This month we’re taking a closer look at … Continued

Liz Truss’s energy plan will disproportionately benefit the wealthiest households

By 2024, support for the wealthiest tenth of households will far exceed the level of support for those living in poverty

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Britain’s looming living standards catastrophe was the big question hanging – unanswered – over the Conservative Party leadership race this summer, with both candidates refusing to be drawn on how exactly they’d tackle soaring energy bills. But Liz Truss provided an emphatic answer on just her second full day in office by announcing a new Energy … Continued

The system has worked for Boomers at every stage of their lives

If Tories do not wish to be seen as a party for older people, they must give the younger generation a break on housing and wages

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Lucy Burton’s powerful article last week on the wealth of many of our pensioners was absolutely right. Their incomes are higher. Their wealth is greater. The state is being reshaped around services and payments for them. Many pensioners challenge her by saying that what they get now is a fair return after they have paid in during … Continued

WorkerTech newsletter: August 2022

The latest update from Resolution Ventures

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From postmen to parking attendants, drivers to dockworkers – many industries have been affected by strikes this summer over a variety of disputes about maintaining pay in the face of surging inflation. Strikes are a very visible and powerful way for workers to take collective action, but they aren’t the only means of bringing about … Continued

Politicians need to talk about how we can lower bills by using less energy as a winter crisis looms

France and the Netherlands have produced guidance to cut domestic energy use under respective ‘energy sobriety’ and ‘dial it down’ programmes

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The size of our energy bills is due to two things – how much energy costs, and how much of it we use. The first of these, for good reason, is front-page news at the moment. Wholesale gas prices are reaching new highs on an almost daily basis, pushing cost of heating and lighting our … Continued

The labour market is making history for the wrong reasons

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The backdrop to today’s labour market data has been discussion around the increasingly concerning picture for the winter, with expectations of future increases in the energy price cap continuing to ratchet upwards. But today’s data reminds us that when it comes to pay at least, workers are already facing very tough conditions, even before the … Continued

Ventures

WorkerTech newsletter: July 2022

The latest update from Resolution Ventures

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You’ve probably noticed that workplace benefits have recently gone from the ordinary (additional holiday, volunteering days, cycle to work scheme) to the extraordinary (pawternity leave, unlimited holiday, international football tournaments). But often forgotten among these perks are pensions. While unglamorous in comparison to some benefits, pension savings can make a seriously significant difference to living standards in later life. Yesterday the Resolution … Continued

Feeling poor and working more – again

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Today’s labour market data tell us a bit more about how the labour market is responding to high inflation and the cost of living shock. We see some things we would expect, some things which may be surprising, and much that remains unresolved. Real wages fall at the fastest rate on record The most eye-popping … Continued

Straight talking on tax cuts

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The Conservative Party got rid of Boris Johnson because once too often he just wasn’t straight with them or the public. But the danger now is that the leadership election that is meant to help the Party and country move on fails the very same straight-talking test, given the sheer scale of tax cut promises … Continued

How Britain became a gerontocracy

The pensions boost is further proof that Britain is run for the benefit of the older generation — paid for by the young, writes David Willetts

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Last week’s announcement of the return of the triple lock for pensions makes it clear where real political power lies in Britain. Pensioners are promised a 10 per cent increase next year, matching inflation, while basic pay is rising at just 4 per cent. This is the latest example of a deep-seated trend: our country … Continued

WorkerTech newsletter: May 2022

The latest update from Resolution Ventures

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It’s that time of year again – Bethnal Green Ventures (BGV) are on the lookout for a new cohort of ambitious founders to join their Tech for Good programme. Each year, we partner with BGV to back WorkerTech ventures to join the cohort. In this edition I’ve put together a suite of tips and tools to … Continued

Ventures

From platforms to promotions – event summary 

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The way young people enter the job market from education can have a marked effect on their future prospects. Economic crises are a particularly tough time to start a career, and while the Job Retention Scheme prevented mass unemployment during the pandemic, young people still face huge challenges in terms of rising insecurity and finding … Continued

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

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