A cooling housing market won’t automatically ease cost of living pressures

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Housing, Wealth and Debt

Commenting on the latest ONS figures today (Wednesday) on house prices and the Prime Minister’s speech at the National Housing Federation, Dan Tomlinson, Policy Analyst at the Resolution Foundation, said: “The UK’s housing market shows some signs of cooling, with growth in the house price index slowing to its lowest level since 2013. But we should be cautious … Continued

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Wealth across Scotland has broken the £1 trillion barrier and should play a bigger part in Holyrood debates

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Housing, Wealth and Debt

Scotland’s household wealth has exceeded £1 trillion for the first time, according to a new report published today (Friday) by the Resolution Foundation. The report ­– The £1 trillion pie: how wealth is shared across Scotland – looks at both the scale of assets in 21st Century Scotland and who holds them. It says that wealth is playing … Continued

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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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