Incomes Social mobility rose in 2000s compared to 1990s 1 March 2011 Earnings mobility increased in the 2000s compared to the 1990s, contrary to perceptions, according to new research published today by the independent think tank the Resolution Foundation. The research focuses on the earnings of people in their 30s and early 40s. While the chances of making a significant move up or down the earnings ladder … Continued READ MORE
Incomes ‘Lost decade’ for living standards 28 February 2011 Average pay set to be no higher in 2015 than 2003 New analysis today reveals that Britain risks a lost decade for living standards, with average pay set to be no higher in 2015 than it was in 2003, after taking account of inflation. The figures, released by the independent think tank the Resolution … Continued READ MORE
Social security Workers on low-to-middle incomes face worsening poverty trap under Universal Credit 17 February 2011 The Universal Credit will continue to trap many low-to-middle earners on incomes below what they need to make ends meet, according to new research commissioned by the independent think tank the Resolution Foundation. Typically, work incentives for families in lower-paid jobs will worsen. Under the new Universal Credit those currently on tax credits will keep … Continued READ MORE
Social security Working families face £436 cut in in support for childcare costs next year 29 December 2010 Almost half a million families are set to lose an average of £436 a year in support for childcare costs from April next year, according to new figures out today from the independent think tank the Resolution Foundation. In London, where childcare costs are highest, nearly 50,000 families will lose on average £600. Some families … Continued READ MORE
Incomes Squeezed Britain: Report reveals low-to-middle earners face £720 earnings squeeze 25 November 2010 Today a major new report from the Resolution Foundation reveals that 2011 will bring a new squeeze to the living standards of Britain’s 11 million low‐to‐middle earners.i As the first year of major spending cuts overlaps with a fragile jobs market, 2011 will be a difficult year for everyone. But those in the middle will … Continued READ MORE
Public finances Comprehensive Spending Review – analysis 20 October 2010 FROM POVERTY TRAP TO ASPIRATION TRAP The impact of fiscal tightening on squeezed low-to-middle earners The Resolution Foundation, the low-to-middle earner research and policy organisation, today provides its detailed analysis of what the full package of fiscal tightening measures introduced by the coalition government since June means for the 11 million struggling to get … Continued READ MORE
Gavin Kelly appointed new Chief Executive of the Resolution Foundation 15 September 2010 Gavin Kelly has been appointed Chief Executive of the Resolution Foundation, an independent research and policy organisation working to improve outcomes for low earners. Gavin joins the Foundation from Number 10 Downing Street where he worked as Deputy Chief of Staff from 2007 to 2010. Prior to this Gavin was a member of the Council … Continued READ MORE
Public finances What’s the Damage? A low earner impact assessment of deficit reduction options 18 June 2010 NEWS RELEASE For immediate use: Friday 18 June 2010 New report shows income inequality set to get worse for 7.2 million ‘squeezed middle’ without careful targeting of emergency budget The Resolution Foundation, the low earners think-tank, today publishes a report which shows how the coalition government can share the pain of deficit reduction … Continued READ MORE
Housing Consumer Financial Education Body in Financial Services Bill receives Royal Assent 9 April 2010 NEWS RELEASE For immediate release: Friday 9 April 2010 CONSUMER FINANCIAL EDUCATION BODY IN FINANCIAL SERVICES BILL RECEIVES ROYAL ASSENT The Resolution Foundation is delighted that the Financial Services Bill received Royal Assent during the wash-up process. The Bill will establish the Consumer Financial Education Body which will be responsible for running Money … Continued READ MORE
Social security White Paper sets out bold roadmap for care 30 March 2010 Embargo: Immediate 30.03.10 White Paper sets bold roadmap for care 20 organisations who are members of the Care and Support Alliance today gave a broad welcome to the Government’s plans for developing a National Care Service but urged more detail and warned that reform of social care needed to be made a priority very early … Continued READ MORE
Incomes An Open Memo to the Next Government: improving outcomes for low earners 22 March 2010 NEWS RELEASE Strictly embargoed: 00:01 Monday 22 March 2010 POLLING SHOWS LOW EARNERS STARTING TO RETURN TO THE LABOUR FOLD The Resolution Foundation, the think tank working for low earners1, is today publishing some exclusive polling2 that shows the current voting intentions of this group. The polling shows a return of support to … Continued READ MORE
Social security Foundation responds to Health Select Committee report on social care from the perspective of low earners 12 March 2010 NEWS RELEASE Strictly embargoed: 00:01 12 March 2010 FOUNDATION RESPONDS TO HEALTH SELECT COMMITTEE REPORT ON SOCIAL CARE FROM PERSPECTIVE OF LOW EARNERS 84% of low earners[1] over 65 years old own their own home[2]: they are asset rich, and income poor Low earners spend 100% of their monthly income leaving little left over … Continued READ MORE
Social security There is a 20-30 year window of opportunity to help low earners pay for social care 11 March 2010 NEWS RELEASE – Strictly embargoed: 00:01 11 March 2010 20-30 YEAR WINDOW OF OPPORTUNITY TO HELP LOW EARNERS PAY FOR SOCIAL CARE Councils can play a greater role in supporting individuals who are ineligible for state funded care to access the equity in their homes to pay for their care. Many low-income households lose … Continued READ MORE
Incomes Foundation welcomes Money Made Clear national role out 11 March 2010 NEWS RELEASE For immediate release: Thursday 11 March 2010 FOUNDATION WELCOMES MONEY MADE CLEAR NATIONAL ROLL OUT The Resolution Foundation welcomes the national roll out of the Money Made Clear. The Foundation has been championing the ‘advice gap’ that low earners face and is delighted that a financial advice service geared towards vulnerable … Continued READ MORE
Incomes New report shows toll taken on low earning, hard working households by the recession 8 March 2010 NEWS RELEASE Strictly embargoed: 00:01 Monday, 8 March 2010 New reports show toll taken on low earning, hard-working households by the recession Low earners hit harder than welfare dependents or higher earners £1.9billion of unsecured debt in 3.6m of the most economically fragile households Two new reports by the low earners think tank, The Resolution … Continued READ MORE
Incomes Response to the Joseph Rowntree Foundation’s reports 9 February 2010 NEWS RELEASE For immediate use: 9 FEBRUARY 2010 Response to the Joseph Rowntree Foundation’s reports The Resolution Foundation today welcomes the Joseph Rowntree Foundation’s reports on cycles of poverty, unemployment and low pay. The Resolution Foundation works to improve outcomes for low earners: those just above the poverty line yet struggling on low incomes and … Continued READ MORE
Public finances Sensible pre-budget report for low earners 11 December 2009 NEWS RELEASE For immediate release: FRIDAY 11 DECEMBER 2009 SENSIBLE PRE-BUDGET REPORT FOR LOW EARNERS The Foundation welcomes the Chancellor’s pre-budget report which links recovery to GDP growth and helps to protect low earners. The PBR met all three of the Resolution Foundation’s asks for low earners: For the reduction of the budget deficit to … Continued READ MORE
Incomes Low earners pushed closer to crisis by recession 11 November 2009 NEWS RELEASE Strictly embargoed until: 00.01 WEDNESDAY 11 NOVEMBER 2009 LOW EARNERS PUSHED CLOSER TO CRISIS BY RECESSION The recession risks driving the UK’s 14.3 million low earners1 closer to crisis as the downturn compounds their already vulnerable position. This is particularly true for the 7.2 million working low earners who will continue to be … Continued READ MORE
Incomes Recession getting worse for low earners 23 October 2009 NEWS RELEASE For immediate use: FRIDAY 23 OCTOBER 2009 RECESSION GETTING WORSE FOR LOW EARNERS Despite recent talk of return to growth today’s ONS figures show that the recession is far from over for low earners with larger declines in overall growth in key low earner industries compared with the previous quarter. 1. There … Continued READ MORE
Incomes Audit shows low earners paying high price in recession: quarterly update of low earners audit published 12 August 2009 NEWS RELEASE For immediate use: WEDNESDAY 12 August 2009 AUDIT SHOWS LOW EARNERS PAYING HIGH PRICE IN RECESSION Quarterly update of low earners audit published With Job Seekers Allowance data published this week likely to show another rise in unemployment, a new report reveals the heavy toll being taken on lower earners[1] and the … Continued READ MORE
Incomes Foundation welcomes code of practice for comparison websites but urges best practice 16 July 2009 NEWS RELEASE For immediate use: THURSDAY 16 JULY 2009 FOUNDATION WELCOMES CODE OF PRACTICE FOR COMPARISON WEBSITES BUT URGES BEST PRACTICE The Comparison Consortium code of practice announced today is a first important step towards improving the conduct of comparison websites. However, the Resolution Foundation also believes that this first step must be built on … Continued READ MORE
Social security Social care green paper will help struggling low earners 14 July 2009 NEWS RELEASE – For immediate use: TUESDAY 14 JULY 2009 SOCIAL CARE GREEN PAPER WILL HELP STRUGGLING LOW EARNERS 7.8 million low earners own their own home Low earners often fall over the threshold for means-tested support Low earners spend 97% of their monthly income, leaving very little left over for care costs Low … Continued READ MORE
Housing Foundation welcomes proposed funding for Money Guidance 1 July 2009 NEWS RELEASE FOUNDATION WELCOMES PROPOSED FUNDING FOR MONEY GUIDANCE The Resolution Foundation welcomes the extension of the Financial Services Authority levy to pay for the national roll out of Money Guidance. The Foundation has been working since 2005 to improve low earners access to financial advice. The Financial Services White Paperi, published yesterday, announced that … Continued READ MORE
Incomes Low earners exposed in recession and recovery 30 June 2009 NEWS RELEASE For immediate use: TUESDAY 30 JUNE 2009 LOW EARNERS EXPOSED IN RECESSION & RECOVERY The Resolution Foundation today launches a new programme of work to raise the profile of the UK’s 13.4 million ‘low earners’[1] and to address their plight in the recession and recovery. Low earners are an invisible group … Continued READ MORE
Social security Reform of social care must pass same test as pensions 4 June 2009 NEWS RELEASE For immediate use: X June 2009 REFORM OF SOCIAL CARE MUST PASS SAME TESTS AS PENSIONS Ahead of the publication of the Government’s Green Paper on adult social care, … Continued READ MORE
