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Jobs, Skills and Pay

Apprenticeship reforms have improved quality but must deliver routes into careers for new starters    Controversial reforms to the apprenticeships system have defied many of their critics and led to a welcome drop in the number of lower-quality apprenticeships in low-paying sectors, according to a new report published today (Saturday) by the Resolution Foundation.   … Continued

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Borrowing ahead of Office for Budget Responsibility forecasts

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Public Finances and the Economy

Richard Hughes, Macroeconomic Policy Unit Research Associate at the Resolution Foundation, said: “Borrowing was £6 billion higher in the first four months of this year than the same period last year. The Office for Budget Responsibility had been expecting a 29 per cent increase in borrowing for this year as a whole, but we’re seeing … Continued

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Pay growing at fastest rate since June 2008 but Zero-Hours Contracts rise a concern

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Jobs, Skills and Pay

Average weekly earnings are growing at their fastest rate in 11 years, but Zero-Hours Contracts (ZHCs) are back on the rise again, despite Britain’s tight labour market, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market statistics. Nominal average weekly earnings grew by 3.9 per cent in the three months … Continued

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Today’s GDP figures reflect Brexit uncertainty and global slowdown

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Public Finances and the Economy

Press release from the Resolution Foundation Friday 9th August 2019 – For immediate release Matthew Whittaker, Deputy Chief Executive at the Resolution Foundation, said: “Today’s negative growth figures reflect a combination of Brexit uncertainty and global economic slowdown, with both challenges set to persist over the near term. That doesn’t mean we’re necessarily heading for … Continued

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Low- and middle-income households are now more vulnerable to a recession than before the financial crisis

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Incomes and Inequality

The income squeeze that followed the last financial crisis has left low and middle income households more vulnerable to the next economic shock than they were in 2008, according to new analysis published today (Monday) by the Resolution Foundation.   A problem shared? examines the distributional impact of recessions in the light of the financial … Continued

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Scottish property wealth soars, but housing wealth inequality also on the rise

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Press release from the Resolution Foundation   Property wealth held in Scotland has increased ten-fold over the last 50 years, but the last decade has been marked by rising housing wealth inequality, according to a new Resolution Foundation report published today (Tuesday).   Taking Stock, funded by the Scottish Poverty and Inequality Commission, examines the … Continued

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