Rising rents and rebounding wages

Where is Britain’s cost-of-living crisis heading?

Thursday 14 December 2023

Inflation is down, but Britain’s cost-of-living crisis is still very much with us. The legacy of previous price rises for energy and food are now combining with a new pressure: housing. Private rents are rising at their fastest rate in over a decade, while the impact of higher interest rates is still feeding through into … Continued

Risk reduction

Can earnings insurance underpin a more dynamic jobs market and a more productive economy?

Thursday 21 September 2023

Losing your job in Britain can be a very expensive business. Low and flat rate benefits leave many workers facing huge income falls if they face a period out of work. This gives them a strong incentive to take a new job quickly – but not necessarily the best fit for their talents. And it … Continued

Still coping?

How families are faring as the cost-of-living crisis enters its second year

Thursday 27 April 2023

The UK’s cost-of-living crunch has entered its second year. While inflation should fall significantly in the coming months, the crisis is far from over. Prices are rising more slowly rather than falling. And the significant government support provided last year is being scaled back, while fast rising interest rates will affect more and more homeowners … Continued

New year, renewed squeeze?

The outlook for living standards in 2023 and beyond

Monday 9 January 2023

Britain’s cost-of-living crisis has been brutal this winter – even with significant government support – as bills rise and real wages fall. Inflation should ease in the year ahead, but government support is also being scaled back and rising interest rates will feed through into higher mortgage costs. The outlook is highly uncertain. How are … Continued

Mind the gap (part I)

How do people’s incomes differ across the UK?

Monday 27 June 2022

People’s incomes are fundamental to their living standards, and closing regional income gaps is central to levelling up the UK. But there are many moving parts to household incomes, they play very different roles across the country, and there are big gaps in what official statistics tell us about this crucial question. An economic strategy … Continued

Whose economy?

Exploring people’s experiences as workers, consumers and citizens

Wednesday 11 May 2022

We all experience the economy in a myriad of different ways – from the jobs we do, to the things we buy and the communities we live in. The good, the bad and the ugly of those experiences are important considerations, not just for individual economic policy decisions, but in setting the objectives of our … Continued

Crunch time

The Living Standards Outlook for 2022

Tuesday 8 March 2022

The good news is that Britain is finally stepping out of the pandemic. The bad news is that it is stepping straight into a renewed living standards squeeze which, according to the latest Bank of England forecasts, could be the tightest one in generations. Prices, bills and taxes are all going up, and wages aren’t … Continued

Covid-19
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Incomes
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Living standards

Covid Comparisons

How household finances have been hit across the UK, France and Germany

Wednesday 21 April 2021

The Covid-19 pandemic has been a truly global crisis but, while every country has been affected, not all have been affected equally. Individual countries have taken different approaches to tackling the virus, and protecting workers and families from its economic impacts. Crucially households entered this crisis with very different levels of financial resilience in different … Continued

Coronanomics: Challenges from the distributional impact of the crisis

Friday 11 December 2020

While the health implications of the COVID-19 crisis have fallen overwhelmingly on older generations, the economic fallout has fallen heavily on the young and those on lower incomes. Given the highly uneven impact of the crisis, policymakers face huge challenges in preventing the crisis from creating new inequalities and exacerbating existing ones. In this webinar, … Continued

Covid-19
·
Incomes
·
Living standards

Coping with the crunch

COVID-19’s impact on household incomes, savings and debt

Monday 16 November 2020

The spring lockdown caused the biggest short-term income shock since the mid-1970s, with better off households seeing their savings rise while lower income families took on more debt. But this pandemic has now had eight months to run, with more difficult months ahead as the Government tightens restrictions across the country. Policy makers need a … Continued

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