Families have suffered from £20,000 of lost living standards growth over the past 20 years 18 September 2025 The scale of Britain’s living standards slowdown over the past 20 years is so large that a typical family today would be £20,000 richer had incomes continued at the rate of growth trending in 2005, when the Resolution Foundation was founded. During past 20 years, the Resolution Foundation has worked to put living standards at … Continued READ MORE
Headline inflation holds steady, with encouraging signs of pressures easing under the bonnet 17 September 2025 Headline CPI inflation held steady at 3.8 per cent in August – ending a run of disappointing increases – as a downward contribution from air fares was offset by increases in hospitality and for petrol. There were encouraging signs for policy makers under the bonnet as the closely watched core inflation fell from 3.8 per cent in July … Continued READ MORE
Labour market showing signs of calming after a bruising period for job losses 16 September 2025 The UK labour market continues to cool as the number of payrolled jobs falls and wage growth slows. But the rapid deterioration in the first half of the year, centred around the increase in National Insurance contributions, has calmed, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market statistics. The … Continued READ MORE
Resolution Ventures launches £9 million WorkerTech fund to back start-ups supporting better work in a fast-changing labour market 15 September 2025 Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more. Resolution Ventures, the social investment firm launched by the Resolution Foundation, has today launched its new WorkerTech fund, which backs startups … Continued READ MORE
UK exceptionalism on high borrowing costs driven by ‘sticky’ inflation and a reliance on the ‘kindness of strangers’ 12 September 2025 The UK now has the highest borrowing costs of any rich OECD country, despite its middle-of-the-pack debt position, due to ‘sticky’ inflation and a borrowing-cost premium driven by our vulnerability to changes in the whims of international investors, according to new Resolution Foundation research published today (Friday). The Foundation’s latest Macroeconomic Policy Outlook notes recent … Continued READ MORE
British household energy debt has tripled in a decade as cost of living pressures push families into arrears on priority bills 10 September 2025 The number of customers falling behind on their electricity bills with no repayment plan in place has more than tripled from 300,000 in 2012 to over one million at the end of 2024, with the number of customers falling behind on their gas bill also tripling from 300,000 to 900,000 over this period, according to … Continued READ MORE
Tax strategy will be needed to get through one of the toughest second Budgets in living memory 3 September 2025 Commenting on the Chancellor’s announcement today (Wednesday) that Autumn Budget 2025 will be held on Wednesday 26th November, Ruth Curtice, Chief Executive of the Resolution Foundation, said: “The Chancellor has officially fired the starting pistol on the countdown to one of the toughest second Budgets in living memory. “With higher gilt yields currently adding over … Continued READ MORE
New analysis suggests inactivity is rising and unemployment has not yet peaked 26 August 2025 Despite recent challenges with the official Labour Force Survey (LFS), the recent rise in the unemployment rate (0.6 percentage points since January 2024, or equivalent to 258,000 people) appears to be accurate, and there may be further labour market loosening to come, according to new analysis from the Resolution Foundation today (Friday). The Labour Market … Continued READ MORE
Private rent rises are still outpacing earnings, with renters in London and the Welsh Valleys facing the biggest affordability wedges in Britain 20 August 2025 Private rent rises continue to outpace earnings, as they have now for 21 months running, creating a rent affordability wedge of almost £720 a year, the Resolution Foundation said today (Wednesday), in response to the latest ONS private rents data. Over the longer term, private rents continue to closely track earnings. Rents and earnings both … Continued READ MORE
Bad news for families as inflation reaches 3.8 per cent, driven by the rising cost of essentials 20 August 2025 CPI inflation jumped 0.2 percentage points to reach 3.8 per cent in July. Worryingly, the rise was driven by the higher cost of essentials with faster price rises for energy (rising from 4.5 per cent in June to 8 per cent in July), petrol (up by 2p per litre in July) and food (4.5 per … Continued READ MORE
UK economy is slowing not shrinking, with GDP per person increasing by 0.7 per cent since the election 14 August 2025 GDP growth slowed to 0.3 per cent in Q2 2025 – a stronger performance than both market expectations and the Bank of England’s forecast last week. But the good news will not avoid a deep fiscal bind for the Chancellor at her Autumn Budget, the Resolution Foundation said today (Thursday) in response to the latest ONS GDP data. The … Continued READ MORE
UK labour market is loose, and getting looser, with over four-fifths of the recent jobs fall taking place in retail and hospitality 12 August 2025 The UK labour market continued to weaken – shedding a further 8,000 jobs in June, and 165,000 since its recent peak last October, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market statistics. The weakening of the jobs market is laid bare both in RTI payroll data – in which … Continued READ MORE
Bank of England delivers expected rate cut but remains downbeat compared with the OBR, suggesting bad news to come for the Chancellor 7 August 2025 The Bank of England’s Monetary Policy Committee delivered a widely expected rate cut, but more significant was the updated forecasts showing the Bank remains downbeat about medium-term growth, suggesting Rachel Reeves will have to raise taxes to keep to her fiscal rules, the Resolution Foundation said today (Thursday). While other major central banks have put … Continued READ MORE
The Government’s £13bn Warm Homes Plan must focus spending on bill-cutting measures to save £230 for the poorest households 7 August 2025 The Government must use the £13 billion assigned to its Warm Homes Plan to deliver energy bill savings – worth £230 per year on average for the poorest households in leaky homes – while using other tools, such as regulations, to keep the decarbonisation of home heating on track, new research published today (Thursday) by … Continued READ MORE
Despite ambitious language, the Government is continuing its cautious approach to uprating the minimum wage 5 August 2025 The Government has chosen to raise the adult minimum wage (the National Living Wage) in line with average earnings growth in 2026, in a repeat of last year’s cautious approach, although it has signalled it may adopt a more ambitious approach later in the parliament, the Resolution Foundation said today (Tuesday). Today, the Government published … Continued READ MORE
Government will fail to meet its employment target unless firms recruit and retain more disabled workers 24 July 2025 The UK Government will struggle to achieve an 80 per cent employment rate unless it further incentivises firms to employ disabled workers – via return-to-work recruitment incentives and a new Right to Reintegration – according to new research published today (Thursday) by the Resolution Foundation. The report Opening Doors notes that while the headline employment … Continued READ MORE
New Pensions Commission should aim to boost both retirement incomes and ‘rainy day’ savings 21 July 2025 The new Pensions Commission should complete the achievements of the original Pensions Commission by both boosting future generations’ living standards in retirement and taking on the equally pressing ‘rainy day’ savings challenge people face today, the Resolution Foundation said today (Monday). The original Pensions Commission, which reported back in November 2005, has already transformed living … Continued READ MORE
Jobs market continued to weaken, and has shed 143,000 jobs since October 17 July 2025 The UK jobs market continues to weaken, with the number of payrolled jobs having fallen by 143,000 since last October, while RF analysis suggests the employment rate has been falling for two years, the Resolution Foundation said today (Thursday). The number of people in payrolled employment fell by 75,000 in the three months to May, … Continued READ MORE
Over a million lower income families today include both a disabled person and an unpaid carer – who suffer a £3,300 income penalty as a result 17 July 2025 Rising levels of disability and unpaid care are concentrated in the poorer half of Britain, and action is needed to both level up the value of unpaid care and reduce the £3,300 income penalty these families face, according to new Resolution Foundation research published today (Tuesday). Don’t forget about us – the fifth report of … Continued READ MORE
Private rent pressures continue to ease, but renters are still suffering a £720 affordability wedge 16 July 2025 Growth in private rents continued its recent slowdown, with rents rising by 6.7 per cent in the year to June 2025, down from 7 per cent seen in the year to May. However, rents have still grown far faster than wages over the past three years and created an affordability wedge for renters as a … Continued READ MORE
Inflation ticks up to 3.6 per cent, with further rises expected come autumn 16 July 2025 CPI inflation exceeded expectations to reach an eighteen-month high of 3.6 per cent in June – 0.2 percentage points higher than expected – while forecasts from the Bank of England have inflation rising further in the autumn, continuing to weigh down on lower-income households struggling to cope with higher prices, according to the Resolution Foundation … Continued READ MORE
Record number of families are living in temporary accommodation as the availability of social housing and government support for renters lags behind 11 July 2025 A record 128,000 households are living in temporary accommodation in England, an increase of 160 per cent since 2010, as support for lower-income families through social housing and the benefit system continues to decline, according to new Resolution Foundation research published today (Friday). With the creation of decent affordable homes being one of the Government’s … Continued READ MORE
New employment protections will improve workers’ wellbeing, but won’t make any difference to economic growth 3 July 2025 The Employment Rights Bill making its way through Parliament is a big deal for low-paid workers, but will have a negligible impact on the economy, contrary to what its supporters and critics claim, according to new Resolution Foundation research published today (Thursday). With the share of (hourly) low paid workers across Britain having fallen from … Continued READ MORE
Rising energy prices have led to a ‘comfort crunch’ as families spend more of their budgets on essentials 30 June 2025 Rising energy prices over the last two decades have squeezed incomes for low-and-middle income families and contributed to a ‘comfort crunch’ as more of their budgets are spent on household essentials, according to new Resolution Foundation research published today (Monday). The Bare Necessities – the fourth report of the Foundation’s Unsung Britain project, with support … Continued READ MORE
Welfare concessions will prevent current claimants from suffering income losses – at a cost of up to £3.2 billion by the end of the Parliament 27 June 2025 The changes to the Welfare Bill set out today will create a two-tier system to prevent existing claimants from suffering income losses as a result of changes to Universal Credit (UC) and Personal Independent Payments (PIP). These changes are welcome, but could cost between £2.6 billion and £3.2 billion a year in 2029-30 – making … Continued READ MORE