Labour market Two in three mothers say high cost of childcare is a barrier to working more 23 January 2014 Around two-thirds of mothers say the cost of childcare is an obstacle to them working more, reveals a new report from independent think tank the Resolution Foundation. In a survey conducted by the Resolution Foundation and Mumsnet for the report, 67 per cent of mothers in work and 64 per cent of those not working … Continued READ MORE
Welfare Don’t mis-sell tax cuts to millions of working families, urges Resolution Foundation 7 January 2014 Politicians weighing up tax cuts in the approach to the next general election are at risk of mis-selling their policies by failing to disclose how little of any proposed giveaway in the next Parliament will actually benefit millions of working households on universal credit. Analysis by the Resolution Foundation reveals for the first time how … Continued READ MORE
Welfare Poorer families left “running uphill” as Universal Credit penalty holds them back from recovery 4 January 2014 Some families will need to earn an extra £1,000 a year just to stand still Millions of poorer working families will find it harder for their incomes to keep up with inflation, even after recovery kicks in, because of changes to Universal Credit which will shrink the amount of earnings they can keep, shows new … Continued READ MORE
Welfare New council tax benefit system set to be a tax on the workless and working poor 3 January 2014 Two in three local authorities in England have plans that mean from April they may demand council tax payments from working-age households which are currently exempt, analysis from the New Policy Institute and the Resolution Foundation shows. Following the government’s decision to scrap council tax benefit, 326 councils in England must decide by January how … Continued READ MORE
Housing Up to 2 million UK families face perilous debts by 2018 29 December 2013 Britain faces the mounting prospect of a household debt crisis as analysis from independent think tank the Resolution Foundation suggests that a least a million British families, and possibly as many as 2 million, could be spending more than half their disposable income on repayments by 2018 The study uses the latest five-year growth projections … Continued READ MORE
Welfare £600 million raid on Universal Credit will leave millions of working families worse off 13 December 2013 A £600m reduction in support will leave millions of working families worse off by 2017 by reducing the amount they can earn before their Universal Credit payment is withdrawn, according to new analysis from independent think tank the Resolution Foundation. The Office for Budget Responsibility estimates that changes to Universal Credit, announced in the Autumn … Continued READ MORE
Labour market Weak wage growth poses questions over stability of recovery 5 December 2013 The first full year when average wages are expected to recover to pre-recession levels was pushed back from 2017 to 2018 today by the government’s official economic forecasts, despite strong and very welcome growth in employment. As a result, the Resolution Foundation calculates that the median wage – the pay of a typical worker – … Continued READ MORE
Labour market Double blow of falling wages and high unemployment reveals weakness of youth labour market 4 December 2013 The pay of workers in their 20s has tumbled by almost 12 per cent since the peak of the recession in 2009, part of an almost unprecedented squeeze on both the wages and employment chances of young adults. New analysis of official wage data carried out by independent think-tank the Resolution Foundation lays bare the … Continued READ MORE
Labour market Almost three in four low-paid workers unable to climb the earnings ladder 27 November 2013 Britain’s dismal pay mobility means only a minority manage to earn their way up from the bottom Almost three-quarters of Britain’s workers who were on low pay in 2002 failed to escape from it over the course of the following decade, reveals a comprehensive study of who is able to get on in life by … Continued READ MORE
Housing Shared ownership more affordable than help to buy for low and modest income working families 20 November 2013 A major expansion of newly built shared ownership could help low and modest income working families across the country onto the property ladder, while keeping their housing costs affordable, according to new analysis from independent think tank the Resolution Foundation. The report, One foot on the ladder, shows that shared ownership – where buyers purchase … Continued READ MORE
Labour market Historic wage squeeze has now lasted four years 13 November 2013 Wages rise slower than prices for 48th month in a row while jobs figures continue to impress Britain’s historic wage squeeze has now been running for four years as wages continue to grow slower than prices, according to new analysis from independent think tank the Resolution Foundation. The news came alongside further impressive growth in … Continued READ MORE
Labour market More than 300,000 workers trapped at minimum wage for at least five years 26 October 2013 Britain’s growing minimum wage workforce includes 320,000 people who have been trapped on the lowest rung of the pay ladder for five years or more reveals a new report from the Resolution Foundation. Minimum Stay shows that 17 per cent of all those currently earning the minimum wage or up to 25p an hour above it, … Continued READ MORE
Labour market Falling real wages hit new lows 16 October 2013 Average weekly wages have fallen to their lowest level since measures began in 2001 independent think tank the Resolution Foundation pointed out today. Official figures from the Office for National Statistics showed that the average regular weekly wage (excluding bonuses) was £447 in August. Adjusting for inflation (using the RPI measure) this is the lowest … Continued READ MORE
Housing Building and renting to lower income families can provide attractive returns for big investors 10 October 2013 A low-risk income return of 4.7 per cent should be achievable for institutional investors putting money into the private rented sector – a move which could also help solve Britain’s housing crisis for families on modest incomes – suggests an economic study published today. The report identifies a £140 million property portfolio, made up of … Continued READ MORE
Labour market Minimum wage falls for fifth year in a row 1 October 2013 Rate is £1,000 a year lower than in 2008 after inflation. Minimum wage would have to rise to £7.81 by 2017 to recover lost value Today (October 1) the adult minimum wage goes up from £6.19 an hour to the new rate of £6.31. This increase means the minimum wage will fall in real terms … Continued READ MORE
Welfare Parents think higher earners should not qualify for childcare support finds new poll 22 September 2013 Most parents think that only families with an annual income below £75,000 should get government help with their childcare costs a new poll reveals. A third of those questioned for the Resolution Foundation poll conducted by Mumsnet feel help should be reserved for those with incomes below £50,000. The finding is at odds with current … Continued READ MORE
Economy and public finances All parties share the blame for falling living standards shows new poll 21 September 2013 More blame Labour than other parties – but Labour has the edge in 7 of 8 key policy areas affecting living standards All the main parties share the blame for the fall in living standards over recent years although slightly more people hold Labour most responsible, shows a new poll from independent think tank the … Continued READ MORE
Economy and public finances Britain is unconvinced that any party can solve the living standards challenge 16 September 2013 More than half of people say they are more likely to vote for a political party which could improve their living standards but there is scepticism that any of the main parties know how to do this, shows new polling from the Resolution Foundation. The poll, published by the independent think tank ahead of the … Continued READ MORE
Labour market Britain still waiting for wage recovery despite strong employment figures 11 September 2013 News that real average wages have fallen further behind inflation means Britain’s workers are still awaiting a recovery in their earnings the independent Resolution Foundation said today. Official figures from the Office for National Statistics showed that average wages (excluding bonuses) rose 1 per cent comparing May to July 2013 with the same period a … Continued READ MORE
Labour market Number earning below the Living Wage has soared during downturn to almost 5 million 4 September 2013 Economic downturn has pushed a further 1.4 million employees below the Living Wage – the rate deemed necessary for a basic standard of living – a report reveals today. Low Pay Britain 2013 , published by independent think tank the Resolution Foundation, shows that 4.8 million Britons (20 per cent of all employees) earn below … Continued READ MORE
Labour market National scandal of care workers illegally paid £5 an hour 29 August 2013 Some care workers are being paid as little as £5 an hour – well below the legal minimum wage – reveals a new report today from independent think tank the Resolution Foundation which describes the practice as a “national scandal”. The study shows that while headline pay rates for care workers who visit clients at home … Continued READ MORE
Labour market ‘Naming and shaming’ employers who defy the minimum wage is welcome but not enough 23 August 2013 Vidhya Alakeson, Deputy Chief Executive of the Resolution Foundation, said: “Ministers deserve credit for highlighting the scandalous treatment of low-paid workers who are deprived of their entitlement to the minimum wage. More ‘naming and shaming’ of employers who defy the minimum wage is welcome but this only takes a small bite out of a big … Continued READ MORE
Labour market London’s employment rate bounces back but large parts of UK still show yawning “jobs gap” 1 August 2013 Employment rates remain well below their pre-recession levels in many parts of the UK despite increasing economic confidence, new Resolution Foundation analysis has found. Figures from the independent think-tank show that only in London has the share of the adult population which is employed returned to close to the levels seen in early 2008 – … Continued READ MORE
Housing Poorer families excluded from at least a third of Britain by high rents, new report reveals 15 July 2013 One third of Britain is effectively off-limits to lower-income working families looking to rent a home privately because they can no longer afford a property in those parts of the country. An alarming new report from the Resolution Foundation, the first to give a comprehensive assessment of where less affluent families can reasonably afford to … Continued READ MORE
Housing Perilous debt levels could push households to the brink if interest rates rise faster than expected 1 July 2013 The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven, according to new Resolution Foundation analysis. The figures suggest that the ongoing squeeze on households could … Continued READ MORE
