Pandemic Pressures

Why families on a low income are spending more during Covid-19

by

Household spending has fallen during the Covid-19 pandemic, but not for many of those on the lowest incomes. This note brings together data from representative surveys with vivid accounts from parents and carers participating in the ‘Covid Realities’ research programme to explore the reasons behind, and consequences of, the cost pressures that many have faced since the pandemic began.

Improving our understanding of UK poverty will require better data

by

Policy makers across the political spectrum want to improve the living standards of the UK’s poorer households. The Leader of the House of Commons recently stated that “We are committed to our manifesto pledge to reduce child poverty”, while the last Labour manifesto pledged to “eradicate in-work poverty”. So statistics about poverty matter. We need … Continued

Lockdown lessons

What 2020 has to teach us about the difficult weeks ahead

by

2021 begins with England and Scotland heading into new lockdowns, and tough ones at that. Lasting until at least late February, England’s new restrictions are more comparable to those of spring 2020 than the more relaxed autumn affairs. In this short note we focus on the experience of that first lockdown, and what it can … Continued

The Missing Billions

by

In this spotlight we discuss new research on the size and distribution of UK household wealth. Such wealth matters for living standards, economic opportunity and the ability of families to weather the coronavirus crisis. But it also matters because there is increasing interest in reforming wealth taxes in the UK, not least in the context … Continued

Ethnic minorities in the hospitality sector

Comparing the experiences of hospitality workers from different ethnic backgrounds

by

This briefing note looks at the experiences in the hospitality sector of workers from different ethnic backgrounds. It finds that 1 in 6 hospitality workers are from an ethnic minority background, compared to around 1 in 8 workers in the rest of the economy. Ethnic minority workers in hospitality vary both in their characteristics and … Continued

Macroeconomic Policy Outlook Q4 2020

by

This is our regular Macro Policy Outlook, providing a policy-focused take on the economy. In this edition, we focus on the labour market, and the prospects for unemployment.   This edition of the Macro Policy Outlook looks ahead to prospects for 2021. The early months of next year will pick up where 2020 left off, … Continued

A gap that won’t close

The distribution of wealth between ethnic groups in Great Britain

by

The coronavirus pandemic has shone a harsh light on wealth inequality in Britain, with wealth playing an important role shaping families’ experience of the crisis. This briefing examines the gaps in the wealth held by different ethnic groups, and how and why they have evolved over time, finding that very significant ethnicity wealth gaps remain. … Continued

Earnings Outlook Q4 2020

Public sector pay

by

As we come to the end of a year like no other, the outlook for the labour market remains mixed. At the beginning of this month, the second national lockdown came to an end, non-essential retail and hospitality businesses (in most of the country) were allowed to reopen, and recent weeks have brought official approval … Continued

Home and away

The UK labour market in a post-Brexit world

by

This briefing note considers a number of ways in which the labour market could be affected as the UK moves to a tighter, post-Brexit immigration regime in January 2021. Under the new rules, legal avenues for low-skilled migrant workers to enter the UK will be more restrictively drawn, with implications for firms, resident foreign-born workers … Continued

Time out

Reforming Statutory Sick Pay to support the Covid-19 recovery phase

by

In a pandemic, sick pay should play a crucial public health role, as well as providing income protection. But the UK’s Statutory Sick Pay is low by international standards, and misses out two million of our lowest-paid workers. Evidence suggests that this contributes to the low level of compliance with the legal obligation to self-isolate … Continued

Here today, gone tomorrow

Putting Spending Review 2020 into context

by

This briefing note provides an assessment of the measures announced in the November 2020 Spending Review. The backdrop to that Review was the reality of an on-going health crisis and a huge hit to the economy which looks set to leave lasting damage to both household and public finances. In response, the Chancellor has ramped up coronavirus spending this … Continued

The Covid state

Analysis of the economy and public finances ahead of the 2020 Spending Review

by

The Chancellor is set to unveil his Spending Review against a radically changed economic and fiscal backdrop to the one he faced in March. Although unemployment is set to peak lower and later than had been expected back in the Summer, the long-term economic scarring from this crisis is set to be significant. The OBR’s … Continued

Caught in a (Covid) trap

Incomes, savings and spending through the coronavirus crisis

by

In this briefing note we examine how the family finances of working-age adults have been affected since Covid-19 gripped the nation this spring. Drawing on new data from a representative survey of 6,000-plus working-age adults fielded in mid-September, we take a close look at how incomes, spending and saving changed during both the lockdown (April … Continued

Unhealthy finances

How to support the economy today and repair the public finances tomorrow

by

This report provides analysis of the dual challenges faced by the government: ensuring that there is sufficient fiscal support through the crisis and recovery, and setting fiscal policy on a sustainable long-term path. Some argue it is unsustainable to provide the massive government support during the crisis, while others see little constraint on government borrowing … Continued

Earnings Outlook
·
Living Wage

Earnings Outlook Q2 2020

Back in lockdown

by

As England enters its second lockdown the outlook for the labour market is as uncertain as at any point during the crisis (Wales and Northern Ireland are already in a second period of lockdown or tough restrictions, and restrictions in Scotland were increased a week ago). The story of recent weeks has been an accelerating … Continued

The Bank of England’s options for supporting the economy

Lessons from the US

by

Ahead of this week’s Monetary Policy Committee meeting, we discuss what recent changes to how US policy makers approach setting interest rates might tell us about what additional support the Bank of England could provide in the face of a second national lockdown. The most important change was the introduction of a ‘flexible average inflation … Continued

Wake me up when November ends

The economic outlook amid Lockdown II

by

We’ve got less than 48 hours until a second national lockdown in England begins, and who knows how long until it comes to an end. Pubs, hotels, and hairdressers’ doors will close again across England – as they have been in Wales since 23 October – with the significant tightening of restrictions representing the final … Continued

Failed safe?

Enforcing workplace health and safety in the age of Covid-19

by

This briefing note is part of a three-year programme of research exploring labour market enforcement generously funded by Unbound Philanthropy. Using a new survey of 6,000-plus UK working-age adults fielded in September this year, and administrative data from the enforcement agencies themselves, we explore how workers, employers and the regulators have responded to the threat … Continued

Coping with housing costs, six months on…

New findings from the Resolution Foundation's Covid-19 study - wave two

by

In this spotlight, we use results from a new Resolution Foundation/Health Foundation survey to explore the impact that housing costs are having on living standards as the COVID-19 crisis continues to unfold. Despite some improvements in the labour market since the spring, housing costs continue to be a serious concern for many households as they … Continued

Jobs, jobs, jobs

Evaluating the effects of the current economic crisis on the UK labour market

by

This report highlights which groups of workers have struggled the most as the coronavirus crisis has evolved, who is at risk as the Coronavirus Job Retention Scheme is replaced by the Job Support Scheme, and the prospects for the future.

Sorting it out

The Chancellor moves to fix the Job Support Scheme

by

The Chancellor has sharply, and rightly, changed course to make Job Support Scheme (JSS) a functioning short-time work scheme, addressing its central flaw. Slashing the share of wages for hours not worked that employers must pay from 33 to just 5 per cent will make a big different to the cost of using the scheme. … Continued

Loading
No more publications found