Over 5 million people now have second homes  There has been a 30 per cent increase between 2000-02 and 2012-14 in the proportion of adults who own multiple properties, rising 1.6 million to 5.2 million people (one in ten adults) in that period, new analysis published today (Saturday) by the Resolution Foundation has found. Combined … Continued

A tightening UK labour market, with employment at a new record high of 75.1 per cent and a significant slow down in the growth of EU workers, is raising job quality but not pay packets, the Resolution Foundation said in response to today’s Labour Market data release. With unemployment at 4.4 per cent, the lowest … Continued

Workers who move typically get a £2,000 pay rise  Contrary to the popular idea that ever more people move around the UK for work, moving region to change jobs is actually down 25 per cent since the turn of the millennium, with the typical worker that doesn’t move missing out on a £2,000 pay rise … Continued

Huge gaps in household income between different ethnicities persist Large living standards gaps between different ethnicities persist in Britain, with typical Bangladeshi household incomes being £8,900 (35 per cent) lower than the White British median; Pakistani households £8,700 less (34 per cent) and typical Black African households £5,600 less (22 per cent), according to new … Continued

  Welcome inflation fall but poorest households are experiencing the biggest price pressures The poorest households have experienced higher inflation than the richest households since the start of the year, the Resolution Foundation said today (Tuesday) in response to the latest inflation figures, which saw CPIH fall to 2.6 per cent in June. New Resolution … Continued

  Britain beset by big divides on housing, age and inequality The mini living standards boom between 2013 and 2015 came to an abrupt halt in the year running up to the recent General Election, with income growth halving to just 0.7 per cent, according to a major new report published today (Saturday) by the … Continued

  Women working in full-time employee jobs have accounted for 58 per cent of all jobs growth in the last year, despite the recent focus on men in the gig economy, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. Real earnings fell by -0.5 per cent in the three … Continued

  When a government publishes a Big Review – and at 115 pages the Taylor Review certainly fits that bill – the temptation is to rush into the weeds of its very many recommendations. But before we do that it’s worth stepping back and considering how remarkable it is that we’re even here in the … Continued

  The Taylor Review could mean far more for low-paid workers in retail, hospitality and social care than those operating in the gig economy, the Resolution Foundation said today (Tuesday). The Foundation says that for all the focus on the gig economy, it is the recommendation of a new minimum overtime wage that could have … Continued

The local employment benefits of growing advanced industries spread well beyond workers in those sectors, a new report from the Resolution Foundation published today (Monday) has found. However, this good news for jobs does not spill over into good news for pay, so low-paying sectors should also be a key focus for the government’s industrial … Continued

The Chancellor could uncap public sector pay, unfreeze benefits and undo planned departmental spending cuts, but only at the cost of significant tax rises or ripping up his fiscal plans, according to new analysis published today (Saturday) by the Resolution Foundation. With the shock election result last month leading many politicians to conclude that seven … Continued

Britain should prepare now for the end of unlimited cheap labour The UK labour market is at a tipping point, with the coming together of falling migration and the rising cost of low-paid labour set to fundamentally reshape the world of work over the coming years, according to a new book published today (Friday) by … Continued

RF proposal would protect the self-employed who do not set their own prices from extreme low pay The government should extend minimum wage legislation to protect some of the UK’s 4.8 million self-employed workforce as part of its drive to tackle low pay and insecurity in the modern workforce, according to a new report published today … Continued

  Typical hourly pay for workers living in London, Northern Ireland and those under the age of 40 were still at least 11 per cent below pre-crisis levels as the pay squeeze returned at the start of the year, according to the Resolution Foundation’s latest Earnings Outlook published today (Sunday). With real average weekly earnings … Continued

Commenting on the latest ONS figures on persistent poverty published today (Tuesday), David Finch, Senior Economic Analyst at the Resolution Foundation, said: “While overall poverty rates in the UK are broadly in line with the rest of Europe, it’s encouraging to see that the risk of staying in poverty is far lower here, though it … Continued

The spreading of property wealth across Britain in the mid-1990s and mid-2000s fueled a decade-long fall in wealth inequality but that progress has now gone into reverse, according to a new report to be published later this week by the Resolution Foundation. The report, launching a major programme of work on wealth across Britain for … Continued

Real earnings growth falls to lowest level outside of the great pay squeeze in nearly 40 years Real pay growth dropped to its lowest level outside the great pay squeeze that followed the financial crisis in nearly 40 years, despite unemployment remaining at its lowest level since 1975, the Resolution Foundation said today in response … Continued

The latest rise in inflation will deepen Britain’s pay squeeze, while further falls in sterling could add further inflationary pressures in the coming months, the Resolution Foundation said today (Tuesday) in response to the latest inflation figures. CPIH increased from 2.6% to 2.7% in May, while CPI increased from 2.7% to 2.9%. The Foundation notes … Continued

  Employers are totally unprepared for the fall in migration that the new government has pledged to deliver once Britain leaves the EU, according to a new survey commissioned by the Resolution Foundation. With formal Brexit negotiations set to start in just seven days’ time, the survey identifies a huge gap between the kind of … Continued

The tax and benefit policies of the two main parties risk further straining the contract between generations by hitting younger working age families more than older generations, new analysis of the parties’ manifestos by the Resolution Foundation published today (Thursday) has found. Fairness between generations has emerged as a strong theme across both manifestos. The … Continued

  The sharp fall in net migration since the referendum shows that businesses relying on migrant workers should prepare for a very different labour market, the Resolution Foundation said in response to the latest net migration figures published today (Thursday). The latest figures show that the 84,000 fall in migration was led by a rising number … Continued

The gap between rich and poor areas is rising, despite the gap between rich and poor households having fallen since the financial crisis. This is according to Resolution Foundation analysis of ONS Regional Gross Household Disposable Income (GHDI) figures published this morning. The Resolution Foundation analysis shows that the ratio between the richest and poorest … Continued

Squeeze extends to low earners who are outside their companies’ DB pension schemes Today’s employees are footing part of the bill for plugging historic gaps in defined benefit (DB) pension schemes, even when they have no claim on the pension pot, according to a first of its kind study published today (Monday) by the Resolution … Continued

Getting on the housing ladder is a thing of the past for many young families across the country, with home ownership halving among this group between 1994 and 2016 in areas such as West Yorkshire, Greater Manchester and Outer London, new analysis by the Resolution Foundation has found. The new research counters the popular perception … Continued

  Britain kicked off 2017 with a renewed jobs boom and a painful pay squeeze, the Resolution Foundation said today in response to the latest labour market figures. Employment reached an all-time high of 74.8 per cent in the three months to March, while unemployment fell to the lowest level since 1975. In contrast, real … Continued