Thirty years of Universal Credit hurt Top of the Charts 9 July 2021 Morning all, I hope you’ve all calmed down from Wednesday and watching, what painful experience taught us was, an iron law of football being overcome. England, it turns out, do not always throw it away. And if Gareth Southgate manages to get a win on Sunday he’ll have overcome another iron law of the past … Continued READ MORE
Economy 2030 Preparing for a decade of economic change Lessons from the era of White Heat 5 July 2021 by Gavin Kelly Boris Johnson’s administration may well oversee the start of a period of major upheaval for the UK economy – quite possibly the largest since the 1980s. Whether it is post-Brexit trade dislocation, new patterns of production and consumption resulting from the imperative of Net Zero, a long Covid hangover, or the rise of digital technologies … Continued READ MORE
It’s coming home. And we’re going out. Top of the Charts 2 July 2021 Afternoon all, It’s coming home. And we’re going out to watch it. It’s not clear what’s causing the bigger psychological shock to the English: finally beat Germans, or all the eye contact opening up has led to. What is clear is that all that beer facilitated cheering is very labour intensive. Furlough rates have fallen … Continued READ MORE
UK employers may be struggling to fill jobs, but this isn’t a new era of worker power Although the labour market is starting to recover, the effects of the pandemic will be felt for a very long time 2 July 2021 by Torsten Bell Commentators have decided that the labour market is booming, reporting that firms are finding it hard to hire people. Some have predicted the dawn of a new era of worker power that will push up wages, while others worry labour shortages will hold our recovery back. The bigger danger, however, is that we’re losing sight of what’s … Continued READ MORE
Covid-19 The Covid certainty: more savings for the rich, more debt for the poor 30 June 2021 by Torsten Bell We’re emerging from the Covid crisis, slowly and, thanks to the Delta variant, not so surely. During the pandemic, scientists have understandably been centre stage, helping us understand the virus and its spread. But economists and other social scientists have done their bit too. Badly needed emergency policies have been developed. Some, such as the … Continued READ MORE
Dinosaur dads and TikTok time wasters Top of the Charts 25 June 2021 Afternoon all, Politics is dominated by staffer chat this week – Keir Starmer’s moving some of aides around and Matt Hancock’s… moving around with one of his own. This is all rather distracting us from the big picture: we’ve adopted a herd immunity strategy for the youth without anyone talking about it. Now I’ve absolutely … Continued READ MORE
Ventures Workertech newsletter: June 2021 The latest update from Resolution Ventures 21 June 2021 by Louise Marston Hello and welcome to June’s Workertech newsletter from Resolution Ventures, covering how technology is improving the world of low-paid and precarious work. This month we’ve put a spotlight on American Workertech, and some of the great organisations in the US. Also make sure to catch up on the video of our June event – … Continued READ MORE
Great maps, green grass and giant job gaps Top of the Charts 18 June 2021 Afternoon all, The people of Chesham have spoken. Turns out it’s harder to have a relationship with two people sets of voters at once than the Prime Minister has always hoped. Especially if you’re building a train line right through their back yard. Anyway, I’m looking forward to all the long reads explaining what’s going … Continued READ MORE
Top of the Charts: Expanding grades and shrinking tax takes Top of the Charts 11 June 2021 Morning all, Thanks for your patience while TOTCs wandered off last week. Having entirely ignored the news, returning to sausage wars headlines on Monday was an unwelcome surprise. They speak to a serious national decline. Not in terms of what it means for Global Britain’s G7 relaunch, but because it shows our once great press … Continued READ MORE
Poor neighbourhoods, powerful firms and missing research on race Top of the Charts 28 May 2021 Afternoon all, Heavily emotionally conflicted this week. On the plus side is the news that the sun does in fact exist. But the combination of self-isolating after a Covid contact (tests all negative fear not) and Dominic Cummings’ omni-dumping on the Government inevitably drags you back to the traumas of last year – before the … Continued READ MORE
Ventures Workertech newsletter: May 2021 The latest update from Resolution Ventures 21 May 2021 by Emma Selinger Welcome to the first edition of the Workertech Newsletter from Resolution Ventures. We’re delighted to be reaching out to everyone in our Workertech community. The Workertech community exists to convene workers, unions, investors, employers, policymakers and researchers using technology to change the world of work for the better for those in low-paid and precarious employment. The Workertech … Continued READ MORE
A decade of huge economic change Top of the Charts 21 May 2021 Afternoon all, Here’s a thing: we increasingly don’t like economic change, but there’s quite a lot of it coming – in part because we’ve chosen it. This week’s TOTC special digs into this paradox, which is part of the motivation for The Economy 2030 Inquiry we and LSE’s Centre for Economic Performance have just launched. … Continued READ MORE
Economy 2030 The UK is entering a decisive decade of economic change without a plan to shape it 20 May 2021 by Torsten Bell The UK is facing a decisive decade of economic change that the country is neither used to, nor prepared for. It’s time to rebuild our approach to economic success in the light of those shifts to the jobs we do, the firms we work for and the places in which we live. Simply muddling through, by … Continued READ MORE
Lessons from Radical Kiwis and Social Democratic Yanks Top of the Charts 14 May 2021 Sign up for our weekly Top of the Charts reading email Afternoon all, Some big, if not particularly original, news. I’m off to get vaccinated the second TOTCs leaves my inbox to arrive in yours. Obviously excited about the whole lower risk of infection thing, but the main thrill is to discover that there is … Continued READ MORE
The economics of elections, mental health and LGBTQ issues Top of the Charts 7 May 2021 Afternoon all, Turns out David Cameron had a cunning plan. Calling and losing a Brexit referendum may have cost him his job, but it’s proved electoral mana for the party he left behind. It’s hard to imagine a wedge issue that would quite so neatly turbo-charge England’s decades long political realignment. And do so in … Continued READ MORE
Ventures Shock Absorbers: is there a role for innovation in improving families’ financial resilience? 4 May 2021 by Louise Marston Financial resilience is often defined as the ability to cope with a financial shock, such as unemployment, or an unexpected cost, such as a car breakdown. It involves access to appropriate and available funds, it is not just a matter of having money available. It also means having access to credit at a reasonable cost; … Continued READ MORE
Choosing the right neighbours, spouses and lottery numbers Top of the Charts 30 April 2021 Afternoon all, Glad to see we’ve had another Britain knocking it out of the park week. Our answer to a global pandemic very much not under control, and an economy in no way back to normal, is a ‘cash for curtains’ row. It’s not just the substance of it that’s demeaning: even the name of … Continued READ MORE
Covid-19· Intergenerational Centre Three reasons to be concerned about job losses among older workers A U-Shaped crisis 29 April 2021 by Nye Cominetti 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 READ MORE
Polluted cities and fantasy football Top of the Charts 23 April 2021 Afternoon all, Perkiness is in the air. The sun is out, the parents are vaccinated and the world appears to be getting serious about the whole save the world/avert catastrophic climate change thing. The main win from Biden’s Leaders Summit isn’t the new US commitment (reducing emissions by 50 per cent vs 2005 levels by 2030), but … Continued READ MORE
Counting hours, insuring incomes and mourning economists Top of the Charts 16 April 2021 Sign up for our weekly Top of the Charts reading email Morning all, It’s been a difficult week for some of us, realising that we’ve somehow not managed to bag a second job with Greensill when it turned out they were handing out cash to any Tom, Dick or Harry (it does appear to all be men). To get … Continued READ MORE
Bold moves for Chess, infrastructure and (electoral) wall painting Top of the Charts 9 April 2021 Afternoon all, TOTCs is back from a pleasant Easter break – it was nice to get away stay home, living the lockdown dream (hopefully for the last time). In retrospect it was a basic error not to have snaffled parenting duties for next week given that’s when the whole country will actually be celebrating something rising … Continued READ MORE
National Living Wage anniversary special Top of the Charts 1 April 2021 Morning all, Top of the Charts is taking a short break this week for Easter. But we couldn’t let the week go without sending a single chart because today is a special day for the Resolution Foundation and, more importantly, millions of low earners across Britain. It marks the fifth anniversary of the introduction of … Continued READ MORE
Boosting the economy by making new friends – and avoiding inbreeding Top of the Charts 26 March 2021 Afternoon all, In the olden times, symbols were subtle – gently alluding to the challenges and joys in our lives if we spent time looking at them. These days a ship the size of four football pitches just wedges itself into the most important waterway in the world, bringing global commerce to a halt in … Continued READ MORE
Living standards 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 25 March 2021 by Karl Handscomb 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 READ MORE
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 19 March 2021 by Mike Brewer 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 READ MORE