Closing pubs, expanding unions, and the Wakefield renaissance Top of the Charts 12 March 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, The ONS like to get us all up at 7am these days for new stats. Which is nice of them. Ironically for those of us forced to get up, this morning’s batch told us that January was a month for doing less. The … Continued READ MORE
The Spring Budget special Top of the Charts 5 March 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, The schools are mainly closed, but there is still an ‘end of term’ feel in the RF virtual office. Happy coincidence means the Budget, a big driver of our workload/sleep deprivation, is done exactly as water torture home schooling draws to a close. The … Continued READ MORE
Working in the Think Tank Sector Highlights from our joint event in partnership with other think tanks and organisations 5 March 2021 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 READ MORE
Inflation, inequality and the inside truth on private care homes Top of the Charts 26 February 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, Happy pre-Budget weekend. Good luck to the sub-set of you beavering away on finalising it – I hope you’ll be returning the kind thoughts when the Resolution Foundation is up all Wednesday night analysing whatever you’ve dreamt up. We basically know what … Continued READ MORE
Zoomshocks, hot economists and the luck of the Irish… Top of the Charts 12 February 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, Expectations matter it turns out. If you’d told anyone this time last year the economy would shrink by 10 per cent in 2020 they’d have predicted riots on the streets, but today’s stats confirming 2020 saw the worst annual performance in 300 years have … Continued READ MORE
The rights and wrongs of big tech, gig economies and parish council meetings… Top of the Charts 5 February 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, Vaccinations have got the Governor all perky, while Jackie Weaver and Handforth Parish Council have done the same for the rest of the country. Which is nice, although in the former case slightly jarring with the Bank’s forecast for unemployment to rapidly rise … Continued READ MORE
Chess games, Touchscreens and the Chancellor’s challenge Top of the Charts 29 January 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, Good to have some more vaccine-related good news for a Friday, via the Novavax effectiveness study. The only downside is that being told the jabs are 89 per cent effective is a recipe for making me feel bad about my own 8.9 … Continued READ MORE
Biden, Brexit and the borrowing blues Top of the Charts 15 January 2021 Afternoon all, This morning brought news that UK economic output shrank 2.6 per cent in November, leaving it still 8.5 per cent below pre-pandemic levels. Output is almost certainly falling again now, but luckily as GDP goes down vaccinations are swiftly going up and indications are the government is doing a good job of further ramping … Continued READ MORE
Big cheques, teenage kicks and why the HR dept could decide your future Top of the Charts 8 January 2021 Afternoon all, Now I know this is going to be hard for some of you to accept, but there has been a full and fair process. None of the fraud allegations have been upheld. So it’s time to certify the winners of this year’s Resolution Foundation Christmas quiz. Almost 700 entries saw a mean score … Continued READ MORE
Old pandemics, new taxes and the return of being tired of experts Top of the Charts 13 November 2020 Afternoon all, I’m a little confused. Lee Cain was definitely offered Boris’ Chief of Staff job, but resigned. Dominic Cumming has most definitely not resigned, but will be leaving Downing Street before Christmas. It’s almost like some people think that reality is shaped by the words you say, rather than what you actually do. That … Continued READ MORE
Ventures Introducing the Workertech Partnership Backing a new wave of innovators who will harness technology to improve the prospects, power and choices of workers 10 November 2020 by Louise Marston 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 READ MORE
Analysing plagues, paying for pandemics and searching for aliens Top of the Charts 16 October 2020 Afternoon all, This is the week the music consensus died. It’s hardly surprising, with political fracturing between parties and places reflecting the tensions all of us feel confronting the reality that this pandemic is here to stay. But it’s a disaster if public faith in collective decision taking is undermined in the midst of a … Continued READ MORE
Talking tax, gender divides and predicting crises Top of the Charts 9 October 2020 Afternoon all, Today is impressively managing to combine the (inevitable) end of the V-shaped recovery, with the overdue catching-up of policy with local lockdown reality. At 7am we learnt that GDP grew by 2.1 per cent in August, down from 6.4 per cent in July and 9.1 per cent in June. Almost all that growth … Continued READ MORE
Rich partners, poor parents and Trump-loving neighbours Top of the Charts 18 September 2020 Afternoon all, So we’re going from opening up to closing back down again. Local lockdowns, rules of six and (apparently) circuit breaks. All I’m saying is that the last remaining V-shapers out there must be smoking something very strong indeed. In fact, if rising cases and rising unemployment have one silver lining it’s to end … Continued READ MORE
Losing the home team advantage and parental support vs the welfare state Top of the Charts 'Hidden gems' round-up: August 2020 11 September 2020 The latest from Resolution Foundation Chief Executive Torsten Bell’s weekly Observer column, Hidden gems from the world of research and academia. Read more of the latest economics and policy research in our weekly reading email, Top of the Charts. Britain might look to Germany to heal the north-south divide Before the government was forced into locking … Continued READ MORE
Explaining economics through rivers, mountains and concrete Top of the Charts 11 September 2020 Afternoon all, Lawbreaking aside, the big news this week is that the rule of six is on, and Christmas is off. The kids are going to riot when someone tells them what’s going on, but the upside is a notably lower turkey-related divorce rate this year. That today’s GDP stats also followed the rule of … Continued READ MORE
Mutant algorithims, dodgy hair salons and bad debts Top of the Charts 4 September 2020 Afternoon all, Schools’ back. Well actually, ours isn’t – which I am totally, 100 per cent, relaxed about… But everyone other one seems to be, which is good news. I’ve always been in the “we should probably educate the kids” camp. It’s a rather basic civic duty. Like voting, which apparently Donald Trump is now … Continued READ MORE
Inequality & poverty· Wealth & assets The Child Trust Fund comes of age It presents a unique opportunity to learn about the difference that asset ownership can make 29 August 2020 by Gavin Kelly 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 READ MORE
Covid-19· Labour market 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 21 August 2020 by Nye Cominetti 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 READ MORE
Covid-19· Welfare 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 11 August 2020 by Gavin Kelly 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 READ MORE
Contagious theories – and proof that poverty is not failure Top of the Charts 'Hidden gems' round-up: July 2020 3 August 2020 The latest from Resolution Foundation Chief Executive Torsten Bell’s weekly Observer column, Hidden gems from the world of research and academia. Read more of the latest economics and policy research in our weekly reading email, Top of the Charts. Proof that poverty is not failure but a trap Poverty matters and it lasts. It reduces wellbeing today … Continued READ MORE
Good bosses, bad economists and the curse of the Premier League Top of the Charts 31 July 2020 Afternoon all, Local lockdowns are all the rage – this time for the North West. We’d better get used to it. In a stroke of genius planning/solidarity we’re heading for a campsite in the North West tomorrow. On the plus side it’ll provide something more interesting to worry about than the (inevitable) rain. In some … Continued READ MORE
Finding vaccines, winning elections and catching fish Top of the Charts 24 July 2020 Afternoon all, Masks at the ready team. Arms out for the flu jabs, but hands down for the junk food. A year on from entering Downing Street, Boris Johnson has not only become a daddy (again) but he’s ended up fully embracing the nanny daddy state. The latter at least is a surprise given the PM’s personal liberalism, but … Continued READ MORE
Refugees, rallies – and a reassuring chart Top of the Charts 17 July 2020 Afternoon all, I’m afraid TOTCs is in rather gloomy mood today. I appreciate this isn’t what anyone wants to hear, but I really fear we’re only in the foothills of the economic bit of this crisis in so far as households are concerned. Even if the initial recovery phase is V-shaped for GDP, household incomes … Continued READ MORE
Covid-19· Budgets & fiscal events· Economy and public finances 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? 13 July 2020 by James Smith 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 READ MORE