Britain’s 12-month pay squeeze ends as jobs market breaks new records

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Jobs, Skills and Pay

Britain has passed a living standards landmark with real pay finally growing again after a 12-month squeeze. And there are was more good news in the jobs market as unemployment fell and employment hit a record high, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market figures. Real (CPIH-adjusted) average … Continued

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Up to a third of millennials face renting from cradle to grave

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Intergenerational Commission

  Policy makers need to radically reform the private rental sector to make it fit for raising children and retirement because a generation of young people face the prospect of never owning their own home, according to a new report published today (Tuesday) by the Resolution Foundation for its Intergenerational Commission. Home Improvements sets out … Continued

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Sharp fall in basic level apprenticeships for workers aged 25+ shows that government reforms are weeding out poor quality provision

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  The sharp drop in level 2 apprenticeship starts for workers aged 25+ show that the government reforms are weeding out poorer quality provision, though the fall in starts for young people is a concern, the Resolution Foundation said today (Thursday) in response to the latest figures for apprenticeship starts. The DfE figures show that … Continued

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‘Big Smoke bonus’ of moving to London for work has grown to almost 20 per cent over the last decade

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Jobs, Skills and Pay

The typical pay rise associated with moving to London for work has increased to 18 per cent, but high housing costs are limiting the overall income gains from moving to a new job in the capital for many, according to the Resolution Foundation’s Earnings Outlook published today (Wednesday). The latest Earnings Outlook looks at prospects for … Continued

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Middle-income households saw solid living standards gains in 2016-17 – but that growth is slowing

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Incomes and Inequality

  Commenting on the latest Households Below Average Income (HBAI) survey for 2016-17, published  today (Thursday) by the Department for Work and Pensions, Adam Corlett, Senior Economic Analyst at the Resolution Foundation, said: “Today’s household income survey – the most comprehensive we have – shows that typical households saw solid income growth of 2 per … Continued

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