Living standards hit from Covid-19 crisis is ahead, rather than behind us

Crunch UC call could help define parliament by levelling up living standards, or pushing up poverty

The coming year is set to mark the peak of the pandemic-induced living standards downturn for households, especially those on lower incomes, even as the economy enjoys a vaccine-induced recovery, according to new Resolution Foundation research published today (Monday). While debate around the current economic crisis and recovery tends to focus on GDP, the annual Living … Continued

Extra costs of food, energy and remote learning piled financial pressure on low-income families during lockdown

The extra cost of food, energy, and entertaining, distracting and home-schooling children has meant that low-income families with children are twice as likely to have increased, rather than reduced, their spending during the pandemic so far, according to new research published today (Monday). Pandemic Pressures – a collaboration between the Resolution Foundation and the Nuffield Foundation-funded … Continued

BAME workers are disproportionately likely to work in the hospitality sector – but face significant pay penalties in those jobs

Around 1 in 12 workers from Black, Asian and Minority Ethnic (BAME) backgrounds work in the hospitality sector, but many of these workers face significant pay penalties compared to White British men, according to new Resolution Foundation research published today (Thursday). Ethnic minorities in the hospitality sector, authored by Sharon Mai, explores the experiences of … Continued

Public sector workers affected by the pay freeze next year already face a pay penalty compared to private sector staff in similar roles

Public sector workers affected by the pay freeze next year already face a pay penalty compared to private sector workers in similar roles, while those exempt from the freeze enjoy a pay premium, according to the Resolution Foundation’s latest Earnings Outlook. The latest Earnings Outlook examines the pay of the 2.6 million public sector workers … Continued

Chancellor right to extend furloughing – but wrong to stay silent on planned Universal Credit cut

Commenting on the Chancellor’s announcement today (Thursday) that the Job Retention Scheme and business loans schemes will be extended into April, Torsten Bell, Chief Executive of the Resolution Foundation, said: “With public health restrictions continuing well into 2021, the Chancellor is right to extend furloughing and business support into April. The job of policy is … Continued

Record rise in redundancies in the run-up to second lockdown

The labour market continued to deteriorate in the run-up to the second national lockdown in November, with 370,000 redundancies taking place in August to October, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market statistics. The latest data, which covers the period running up to the second national lockdown and … Continued

Covid crisis prolongs Britain’s 15-year living standards squeeze and leaves austerity in place for many public services

The Covid crisis is on track to reduce average pay packets by £1,200 a year by 2025 compared to pre-pandemic forecasts and prolong Britain’s 15-year squeeze on household incomes, according to the Resolution Foundation’s overnight analysis published today (Thursday). Here Today, Gone Tomorrow shows that the Covid crisis is causing immense damage to the public … Continued

Chancellor spends like wartime with £335 billion Covid response, but trims back on public services

The Government’s £12,000 per household response to the Covid crisis will send Government spending as a share of the economy towards World War II levels (56 per cent), the Resolution Foundation said today (Wednesday) in response to the Chancellor’s Spending Review. Despite the Office for Budget Responsibility’s (OBR’s) growth forecasts improving since July, it still … Continued

Chancellor is right to put in place help for those out of work for long periods as they often struggle most in periods of high unemployment

Commenting on the announcement of the new Restart Scheme today (Tuesday) on the eve of the Spending Review, Nye Cominetti, Senior Economist at the Resolution Foundation, said: “The Chancellor is right to put in place help for those out of work for long periods as they often struggle most in periods of high unemployment. The … Continued

Long Covid economic scarring could deal lasting £1,000 hit for every adult in Britain

Government spending put on wartime footing as its set to reach 60 per cent of GDP

The Chancellor is set to unveil his Spending Review against an economic outlook shaped by the long-term scarring effect of Covid – including a GDP hit lasting into the middle of the decade worth £1,000 for every adult in Britain, according to new research published today (Saturday) by the Resolution Foundation. The Covid state examines … Continued

Three-in-ten households facing a persistent pandemic income hit have been driven into hardship

Three-in-ten working age adults who have faced a sustained income hit during the pandemic are now unable to afford some basic household costs such as heating and fresh fruit and vegetables, as the persistence of the crisis exacerbates divides in how low- and high-income households are coping financially, according to new Resolution Foundation research published … Continued

UK’s first major innovation partnership focused on using new technologies to improve workers’ pay, prospects and power launches today

The Resolution Foundation has brought together leading charitable foundations, social investors and businesses to launch The Workertech Partnership – the UK’s first-ever innovation programme to support social entrepreneurs and start-ups focused on improving conditions and career paths for workers locked in low-paid and precarious employment. The £1.3 million partnership opens today (Tuesday) for applications from … Continued

UK’s first major innovation partnership focused on using new technologies to improve workers’ pay, prospects and power launches today

The Resolution Foundation has brought together leading charitable foundations, social investors and businesses to launch The Workertech Partnership – the UK’s first-ever innovation programme to support social entrepreneurs and start-ups focused on improving conditions and career paths for workers locked in low-paid and precarious employment. The £1.3 million partnership opens today (Tuesday) for applications from … Continued

Wales should be centre-stage in attempts to ‘level up’ Britain

Wales needs to move centre-stage in the UK’s ‘levelling up’ agenda as its strong performance on jobs has not been matched on pay packets, leaving the country struggling to reduce its living standards gap with the rest of the UK, according to a major new Resolution Foundation report published today (Wednesday). The report – From … Continued

More than one-in-three workers are worried about catching Covid-19 at work

More than one-in-three (35 per cent) workers have an active concern about the transmission of Covid-19 in their workplace – with low-paid workers most likely to be worried, but least likely to raise concerns or see their complaints resolved – according to new Resolution Foundation research published today (Tuesday). Failed Safe? – supported by Unbound … Continued

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