The UK economy is bouncing back after the deepest downturn in over three centuries. That bounce is being felt in the labour market too, with furlough rates falling and some firms even reporting challenges hiring. However, almost three million people are still not working, while unemployment may rise later in the year. While the UK’s economic recovery is bouncy in GDP terms, its living standards recovery may be far bumpier. What is the scale and nature of the labour market recovery? Where are those coming off furlough heading? And how will the phasing out of Covid support later this year affect Britain’s living standards recovery? To mark the launch of its annual Living Standards Audit, the Resolution Foundation is hosting an interactive webinar to debate and answer these questions. Following a presentation of the report’s key highlights – including the findings of a major survey of households’ experiences of the recovery – we will hear from leading experts on how the UK’s economic recovery might feed through into household incomes, and the opportunities and challenges that lie ahead. Viewers will be able to submit questions to the panel before and during the event.
