Child poverty risks hitting record levels

Published on

UK households are facing the prospect of stagnating living standards, while the proportion of children living in poverty risks hitting a record high by the end of the parliament, according to a new report published today (Wednesday) by the Resolution Foundation. The Living Standards Outlook 2019, which brings together recent data, the OBR’s economic projections … Continued

READ MORE

Focusing on happiness should reinforce, rather than replace, need to deliver security at home and work

Published on

Incomes and Inequality

A secure job, a home of your own, and more money (particularly for low-income households) are all key drivers of higher well-being, and should therefore be prioritised by policy makers, according to a new report published today (Wednesday) by the Resolution Foundation. Happy now? examines subjective well-being across the country to assess the drivers of … Continued

READ MORE

UK’s economic slowdown puts further strain on stagnant living standards

Published on

Public Finances and the Economy

Commenting on the ONS’ preliminary estimate of GDP growth in Q4 2018, which showed that growth has slowed to 0.2 per cent (barely a third of the UK’s pre-crisis average of 0.7 per cent) and contracted sharply in December (by 0.4 per cent), Research Director James Smith said: “Economic growth slowed markedly towards the end … Continued

READ MORE

UK households have taken a £1,500 income hit since the EU referendum

Published on

Press release from the Resolution Foundation UK households have taken a £1,500 income hit since the EU referendum Household incomes are around £1,500 a year lower today than they were expected to be before the Brexit referendum – with the UK having experienced the sharpest income growth slowdown of any economy for which the OECD … Continued

READ MORE

Bank of England’s forecast for weakest growth since the crisis poses a major risk to living standards

Published on

Public Finances and the Economy

The Bank of England’s reduction of its forecast for economic growth from 1.7 per cent 1.2 per cent this year would represent the lowest growth since the financial crisis, and poses a major risk to living standards, the Resolution Foundation said today (Thursday) in response to the latest Inflation Report. The Foundation notes that if … Continued

READ MORE