ONS’ decision to bring student loans onto the books will raise borrowing and sets backdrop to post-18 education reforms

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Public Finances and the Economy

Commenting on the ONS’s decision today (Monday) to change the accounting of student loans, Matt Whittaker, Deputy Director at the Resolution Foundation, said: “Today’s decision by the ONS to bring the cost of student loans onto the books when they are issued could have major implications for the government, despite reflecting an accountancy change rather … Continued

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ONS’ reclassification of the student loan book could wipe out the Chancellor’s Brexit ‘deal dividend’

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Public Finances and the Economy

The ONS’ decision tomorrow (Monday) on how it treats student loans in the public finances could add £72bn to the government’s borrowing figures over the next five years, and virtually wipe out the Chancellor’s Brexit ‘deal dividend’, the Resolution Foundation says in a new briefing note published today (Sunday). The analysis shows that the result … Continued

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Chancellor’s £28bn spending boost has eased but not ended austerity

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Public Finances and the Economy

  Welcome boost to Work Allowances in Universal Credit worth £630 to low-income families The Chancellor has used a cumulative £68bn borrowing windfall to significantly ease – but not end – austerity for the UK’s public services and deliver a welcome boost to low-income families on Universal Credit. Tough times still lie ahead however, the … Continued

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‘Ending austerity’ will cost the Chancellor over £30bn

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Public Finances and the Economy

Lower borrowing windfall could make Chancellor’s ‘mission impossible’ next Monday ‘just about plausible’ ‘Ending austerity’ will require £31bn of additional spending by 2022-23. However, a record borrowing forecast upgrade from the Office for Budget Responsibility (OBR) will significantly ease –  though not solve – the Chancellor’s challenge next Monday, according to the Resolution Foundation’s pre-Budget … Continued

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Falling inflation is good news for pay but confirms £200 hit for low-income families with kids

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Jobs, Skills and Pay, Public Finances and the Economy, Tax and Welfare

Press release from the Resolution Foundation Wednesday 17 October 2018 – For immediate release Inflation falling to 2.4 per cent in September brings mixed news for working families – stronger growth in their pay packets but a confirmation that the fourth year of the benefit freeze will bring significant living standards reductions for lower-income families, the … Continued

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