Empty shops and stopped clocks

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Afternoon all, Hopefully half-term will put a dampener on the “six-seven” thing, which I’m baffled to report has reached London schools. It is an interesting example of the internet-ification of playground slang – as this teacher-penned article noted: “pupils in Cornwall and Cumbria are just as likely to shout “Skibidi Toilet” as those in London”. In less … Continued

Pricey peaks and cakey cutbacks

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Morning all, Let’s start with a wonkhack tip – if you’re going to be grilled at the Treasury Select Committee, I highly recommend bringing a phone a friend panel as strong as the one that accompanied me on Tuesday. We spent the first half discussing the need to simplify and reform the tax system to boost … Continued

Boons for boomers and busts for babies

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Afternoon all, The leaves are falling in earnest, parliament returns from conference recess next week and coffee chains are flavouring their drinks with gourds…autumn is well and truly here, and the Budget countdown has begun (47 sleeps to go!). We’re throwing a wide net this week with reads on trade, pay volatility and declining fertility. … Continued

The pay cheque benefits of daughters and grandparents

Afternoon all, Released from the strictures of the civil service, I thought my first ever party conference would be like opening a door to a magical new universe. To be honest, it was a bit more conference, and a bit less strange new land than I had anticipated. Maybe the Conservatives will offer more witches and … Continued

Friday night’s alright for fighting

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Afternoon all, It’s a weekend for competition – whether you prefer golf, dancing or bear fights. No, not Burnham vs. Starmer at Labour Party conference, but the wonderful fat bear competition. I wonder who Mark Carney will be backing this weekend… Presumably, his days of party conference endorsements are over, but he’ll have to pick a side … Continued

The Resolution Foundation at 20

Morning all, Last week we warned that more bad economic news could mean Britain hitting unlucky 13 on the ‘bloody miserable index’ (unemployment + inflation + interest rates). I’m pleased to report that none of these rates moved in the end, keeping the UK at 12.5. There were mixed signals behind the no change headline. … Continued

The bloody miserable index

Afternoon all, So, Radiohead fans: did you manage to get an unlock code for the upcoming tour and survive being shunted multiple times to the back of the ticket ordering queue to finally lay your hands on the elusive prize? Well, you and I are feeling much like our Chancellor right now – seemingly unlocking the … Continued

Sticky prices and sh*tty platforms

Hi all, Set your calendars for late November — and no, not just Radiohead’s first tour in seven years. It’s Rachel Reeves’s second Budget (see our chart of the week for more). Reeves is under pressure to prove she can deliver a British economy which is fitter, happier and more productive without making the sums … Continued

Pondering productivity and welcoming our robot over-lords

Morning all, Tera here, stepping in as guest editor. Following both Ruth and Giles is, frankly, a daunting prospect – but it’s August, and no one reads anything too carefully in August. So here we are. With half the economics and policy world on a sun lounger, it’s been a good week to catch up … Continued

Clickbait, consultants and cloudy forecasts

Afternoon all,  Giles Wilkes here – no, I’m not the new Chief Executive of RF, but have been given the great responsibility of guest editing ToTC while Ruth is away this week.  I have a habit, as I slog through the week’s economic news, of filing everything into a good or bad news bucket. Recently, … Continued

Bigger states, better captains and stronger safety nets

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Morning all, Imagine having a team of people who can pretty much draw any chart you can dream up? I know, I’m incredibly lucky. But who knew they were so well read? When I asked the Resolution crew what I should read this summer the answers were too good to keep to myself. Plus, we’re … Continued

Sex, subtitles and specialist cities

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Afternoon all, I’ve been thinking this week about one question I used to ask in interviews: “How do you persuade the public (and politicians) of the risks of higher borrowing?”. To be honest, it always felt a bit harsh as no one has yet figured out a great answer. But two people passed the test … Continued

The one with loads of housing charts

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Afternoon all, Not much to cheer in a second month of contracting economic growth this morning. Don’t get too obsessed with monthly figures – but the big picture stagnant economy since 2022 and the loss of steam of the late 2024/early 25 growth spurt is not great. This week we’ve got your lowdown on the Mansion House … Continued

Happy first birthday Government special

Afternoon all, What a week. There will now be a review of whether the current assessment system is fit for purpose BEFORE reforming disability benefits. Some sense in that, but the way we got here risks meaning the Government has lost the trust needed to do that reform. Despite the bluster the Bill remains significant, … Continued

The changing outlook for incomes, benefits and your local park

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Afternoon all, I’ve used up all my wordcount covering developments around the welfare changes in our something for the weekend feature, so let’s keep this short. Given it’s been such a febrile week, we thought we’d pick some nice uncontroversial topics– HS2, small-boat crossings and park-bashing. If you need me, I’ll be draped over the … Continued

How fire and cookies are choking growth

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Morning all, If you publish enough documents called a strategy does it amount to having a strategy? Well, if you were hoping for a quiet life after the Spending Review the Government has other plans (and so, tragically, does the world but we leave that to other commentators). We’ve tackled the infrastructure strategy (published yesterday) … Continued

Spending Review Special | Doctors and Drones

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Hi all, I continue to be hugely impressed by the work of RF staff, not least as they digested the Spending Review (SR) at such incredible pace this week. We’ve rustled up our TOTC take on the SR for you, but I wanted to get a bugbear off my chest before we get to the charts. It … Continued

Investing in Britain, crashing scooters and eating bugs

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Morning all, I’m writing this morning from drizzly York, where I’ve been invited on a stellar panel for the Festival of Ideas. Hoping to see TOTC readers in attendance! As you’re all aware, there’s only five more sleeps until the Spending Review. Those of you keen to learn more about that can catch me live in living colour on a Panorama … Continued

The joys of healthy kids, later-life working and Polish donuts

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Morning all,  Did you miss me? Ruth has (temporarily) handed the TOTC reins back this week. It’s not been a vintage one for economic debate, with eye-wateringly expensive tax proposals sitting awkwardly alongside warnings of strained public finances. Rather than our usual pick’n’mix approach to TOTC, I’ve gone thematic with research about the changing shape of health and … Continued

Jabs, jobs and tax dodges

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Afternoon all, Looks like we’re running short of rainfall and jobs – our estimate suggests payrolled jobs have fallen by nearly 110,000 in the first four months of the year. At RF towers, we’ll be taking a step back next Tuesday to consider where the Government’s welfare reforms might be heading. Join us in person or online to consider their impact … Continued

Cutting deals, splashing cash and thinking anew

Afternoon all, I’ll spare you the tired bus analogy but instead invite you in on a conspiracy – the UK only signs major trade deals when the Resolution Foundation’s trade experts are on leave. If anyone wants to subsidise our annual leave entitlements in order to support Britain securing many more deals, our staff are … Continued

Full STEEM ahead

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Afternoon all, Big week for hay fever, strawberry yields and local elections. In celebration of the latter (I hope you’re ready for a five-party system) Chart of the Week has gone regional, considering how to tackle homelessness AND boost growth simultaneously. In other news, it’s been STEM week in my kids’ school (well actually STEAM, … Continued

Mayors on manoeuvrers, Pandassadors and taxing the rich

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Afternoon all, I am happy to be back in your inboxes today after a restful, rainy trip to Portugal. Nothing like a select committee on the first day back from leave – but thanks to Work and Pensions for having me nonetheless! Next week, I’m looking forward to a conversation with Andy Burnham about the best way … Continued

Are routs only for the rich?

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Afternoon all, Another busy week at RF with *four* reports being published. I hope you caught our groundbreaking analysis into how households across the income spectrum benefit from public services, as the Spending Review (SR) moves into view. The report covers some big trade-offs, such as how much the NHS settlement matters for what’s left. But small … Continued

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