Baby boomers face a choice between higher capital taxes or lower take home pay for our children, warns Lord Willetts

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Housing, Wealth and Debt, Intergenerational Commission

Increase in spending by 2040 will be equivalent to a 15p income tax rise unless other tax revenues are found In a major speech today (Monday), Resolution Foundation Executive Chair Lord David Willetts will warn that Britain faces tough choices about how to pay for rising health and welfare costs in Britain, and who is … Continued

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Worries about recent debt surges are exaggerated but almost half of lower income households are displaying signs of ‘debt distress’

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Housing, Wealth and Debt

A surge in consumer credit growth and the prospect of faster-than-expected interest rate rises have recently prompted concerns about the possibility of a fresh debt-bust in the UK, but it is the continuing overhang from the last crisis that is of more concern, according to a new Resolution Foundation report published today (Monday). With levels … Continued

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Britain has excelled at generating wealth – but lower income families are being left behind

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Housing, Wealth and Debt

Typical wealth across Britain increased by 13 per cent in real terms in the two years to 2014-16, but wealth inequality remains unacceptably high, the Resolution Foundation said in response to the ONS Wealth and Assets Survey today (Thursday). Over a period in which typical household incomes have grown by just 5 per cent, today’s … Continued

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Financial distress edges up for the first time in four years, and households are pessimistic about the outlook for 2018

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Housing, Wealth and Debt

  Commenting on the Bank of England’s NMG survey from its Quarterly Bulletin published today (Friday), which found increasing levels of financial distress among households in 2017 and more saying they expect their personal finance situation to deteriorate in 2018 than to improve, Matt Whittaker, Chief Economist at the Resolution Foundation, said: “Today’s survey highlights … Continued

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Britain’s housing catastrophe has driven a 50-year drain on living standards

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Housing, Wealth and Debt

The average share of income that Britain’s families spend on housing has trebled over the last 50 years, with young people having to make do with longer commutes and smaller, insecure rented accommodation, according to a new report published today (Wednesday) by the Resolution Foundation. As Labour and the Conservatives head to their party conferences … Continued

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Millennials would rather have grown up in an earlier time

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Housing, Wealth and Debt, Intergenerational Commission

Britons across all age groups no longer believe that young people today will have a better life than their parents, with pessimism strongest among graduates and high earners, according to new analysis by Ipsos MORI for the Resolution Foundation published today (Saturday). The report, based on a survey of over 2,000 adults commissioned for the … Continued

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