Around one-in-seven arts, leisure and hospitality employees remained on furlough after grand reopening in May – despite widespread reports of staff shortages

Overall furlough rates dropped to their lowest level since the start of the pandemic in late May, but a significant proportion of employees remain out of work even as firms report staff shortages, and the Government prepares to start phasing out the Job Retention Scheme (JRS) in just two weeks’ time, the Resolution Foundation said … Continued

200,000 employees return to work in grand reopening hiring surge – but UK still has a ‘Covid employment gap’ of almost three million workers

Payrolled employment increased by almost 200,000 in May as the country experienced a grand hiring surge. However, the UK still has a ‘Covid employment gap’ of 2.8 million workers to close before the recovery is complete, the Resolution Foundation said in response to the latest ONS labour market statistics today (Tuesday). The latest data shows … Continued

New ‘workers’ watchdog’ should do a much better job of stamping out labour market abuses

Responding to the Government’s announcement of a new ‘workers’ watchdog’ today (Tuesday), Lindsay Judge, Research Director of the Resolution Foundation, said: “Labour market rules are only effective if they are enforced properly, and the current fragmented system often leaves workers most in need to support to fall through the cracks. “A new Single Enforcement Body … Continued

UK facing a ‘decisive decade’ of change that the country is neither used to, nor prepared for 

Lack of a renewed economic strategy for the 2020s risks ‘Italian style’ relative decline

The UK is facing a ‘decisive decade’ of change as five seismic economic shifts – the Covid aftermath, Brexit, the Net Zero transition, an older population and rapid technological change – come together. Our economic strategy must be rebuilt in light of these shifts, and the opportunities and challenges they create, or we risk leaving … Continued

Radical policy changes during Covid-19 crisis should prompt rethink about Britain’s welfare state

Radical changes to the UK’s social security safety net during the pandemic should prompt a wider public debate about its successes and failures, and how Britain’s post-pandemic welfare system can be further improved, according to a new Resolution Foundation report published today (Thursday). With the crisis prompting the Government to introduce radical new policies, such … Continued

UK households suffered Covid-19 income losses greater than those seen in France or Germany – and have taken on more debt in response

UK households are far more likely to have experienced a severe income shock during the Covid-19 crisis than their French and German counterparts, and are more likely to have taken on additional debt in response, according to a new report published today (Wednesday) by the Resolution Foundation. The report After Shocks – supported by JPMorgan … Continued

The UK has a 6.2 million ‘Covid employment gap’ to fill

The UK has a 6.2 million ‘Covid employment gap’ of lower employment and furloughed employees who need to get back to work, highlighting the scale of the economic task ahead of us, the Resolution Foundation said today in response to the latest ONS labour market statistics today (Tuesday). The latest data showed a labour market … Continued

Ground-breaking new Inquiry will help post-pandemic Britain successfully navigate a decade of unprecedented economic change

The 2020s will see the UK experience unprecedented economic change – driven by the triple shocks of the Covid-19 pandemic, Brexit and the transition to a Net Zero future – but the country lacks a plan to successfully navigate the decade ahead. This is the challenge posed in a ground-breaking new collaboration between the Resolution … Continued

4.7 million people were on furlough at the end of February

In response to today’s new HMRC figures on the Coronavirus Job Retention Scheme (JRS), which show that 4.7 million workers were furloughed (either fully or partially) at the end of February this year, Daniel Tomlinson, Senior Economist at the Resolution Foundation, said: “4.7 million employees were furloughed at the end of last month, showing just … Continued

Half of workers experienced a real-terms pay cut last year, despite official data suggesting fastest pay growth in nearly two decades

Sharp pay deterioration among younger workers risks longer-term scarring

Pay growth was far weaker and more volatile last year than official headline data suggests, with half of workers experiencing a year-on-year real-terms pay cut last Autumn, according to the Resolution Foundation’s latest quarterly Earnings Outlook published today (Monday). The latest Outlook examines what has really happened to pay packets during the pandemic last year, … Continued

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