Economy 2030
·
Welfare

Social Insecurity

Assessing trends in social security to prepare for the decade of change ahead

by

The UK is facing a decade of unprecedented economic change as we adjust to a post-Covid-19 economy, a new economic context outside the European Union (EU), and the decarbonisation of the economy.  And the social security system has a key role to play in the years ahead: it is part of the policy toolkit for … Continued

Wealth on the eve of a crisis

Exploring the UK’s pre-pandemic wealth distribution

by

Today’s release of data from the Wealth and Assets Survey (WAS) gives us a key insight into the financial position of families on the eve of the pandemic. It shows a picture of steady increases in aggregate wealth with households’ net worth standing at £15.2 trillion before the onset of Covid-19. Much is written about … Continued

Economy 2030

Changing jobs?

Change in the UK labour market and the role of worker mobility

This report is about the nature and speed of change in the UK’s labour market, about how past periods of rapid change have happened, and about workers’ experiences as they have lived through these changes. It is written with an eye to the upheaval we expect to see in the coming decade as the effects … Continued

Labour Market Outlook Q4 2021

Wages and the cost of living in 2022

by

The final three months of 2021 have been a mixed bag for the pandemic and the labour market. At the end of September, the Coronavirus Job Retention Scheme (JRS) came to an end after 18 months – and the feared rise in unemployment does not seem to have come to pass. But the emergence of … Continued

Coronavirus
·
Economy 2030

Social mobility in the time of Covid

Assessing the social mobility implications of Covid-19

by

Covid-19 has had a profound impact on the economic prospects of young people. This briefing note, which forms part of the Economy 2030 Inquiry, documents the unequal impact of economic shocks on the young and assesses what these mean for social mobility. Labour market conditions at the onset of one’s career have persistent effects over … Continued

Housing Outlook Q4 2021

The impact of higher inflation on social renters’ housing costs

by

Welcome to the final Housing Outlook of 2021.1 Times are tough for many at present, as prices rise and Omicron puts the UK’s tentative economic recovery in jeopardy. In this quarter’s spotlight we assess the living standards prospects of social renters, and in particular consider what soaring inflation means for their housing costs as they … Continued

Economy 2030

More trade from a land down under

The significance of trade agreements with Australia and New Zealand

by

Last week’s announcement of a trade agreement with Australia (along with a soon-to-be-finalised deal with New Zealand) is good news for the Government’s post-Brexit trade strategy. The deal with Australia represents the first substantively new deal, providing evidence of the opportunities the UK now has after leaving the EU. But both deals are small in … Continued

What goes down must come up

The Bank of England becomes the first major central bank to raise rates but impact will be small with fiscal policy key to Omicron response

by

The Bank of England performed a ‘bait and switch’ by not raising rates in November when many people expected they would, but then raising them today when many thought the rise of Omicron would mean that they would wait to see the impact of the new wave. Many commentators have focussed on the high current … Continued

The new wave

The economic policy response to Omicron

by

A new wave of this pandemic is underway, even if we can’t see much sign of it yet in the UK-wide data. The Prime Minister rightly tells us to expect “a tidal wave of Omicron coming” and in London it’s already arrived. This is not the Christmas present any of us wanted. In terms of … Continued

Home county

Options for taxing main residence capital gains

by

Over the past 30 years, the total value of household wealth in the UK has risen from three times national income to well over seven times. Inflation-beating house price growth and high ownership rates have combined to add around £3 trillion of housing wealth from main residences to that total – accounting for around a … Continued

Hope to buy

The decline of youth home ownership

by

This briefing note explores how the home ownership fortunes of those aged 25 to 34 have changed over time. Owning one’s home is an enduring preference for the majority of families in the UK, but today’s young people face a more serious set of hurdles to overcome than previous generations if they want to turn … Continued

Economy 2030

Begin again?

Assessing the permanent implications of Covid-19 for the UK’s labour market

by

Covid-19 has had profound impacts on the way that we work. This report, part of the Economy 2030 Inquiry, considers recent labour market developments with an eye on the longer-term changes, and the resulting challenges for policy makers over the rest of this decade.

Economy 2030

Business time

How ready are UK firms for the decisive decade?

The UK is set for a decade of major change, with private sector firms in the front line. How ready are they for this change?

Post-furlough blues

What happened to furloughed workers after the end of the Job Retention Scheme?

by

Going into the autumn, most official forecasters expected unemployment to be little affected by the ending of the Coronavirus Job Retention Scheme (JRS), which closed in September 2021. However, there were still 1.1 million workers on furlough as the scheme ended, skewed towards sectors like aviation that are still far from reaching pre-pandemic levels of … Continued

No shame, no gain?

The role of reputation in labour market enforcement

by

This briefing note is part of a three-year programme of research exploring labour market enforcement generously funded by Unbound Philanthropy. In it, we combine qualitative and quantitative research to explore how powerfully reputational concerns determine firms’ behaviour when it comes to worker rights, and whether policy makers could leverage firms’ worries about their public profile … Continued

Taper cut

Analysis of the Autumn Budget changes to Universal Credit

by

This briefing note looks at the changes to Universal Credit (UC) – the main benefit for low-income families – made by the Chancellor in the Autumn 2021 Budget. The reduction in the taper rate from 63 to 55 percent, and increase in the work allowance by £500 a year, represent a significant, permanent increase in … Continued

Are you better off today?

Real income growth under different governments since 1955

by

In the 1980 presidential contest between the incumbent Jimmy Carter and Ronald Reagan, the latter asked voters “Are you better off today than you were four years ago?”. Although far from the only question that voters do or should ask, it is a reasonable question. In the UK, since 1955, real household disposable income per … Continued

The Boris Budget

Resolution Foundation analysis of Autumn Budget and Spending Review 2021

by

This briefing note provides an assessment of the measures announced in the October 2021 Budget and Spending Review. The Chancellor has unveiled a career-defining third Budget against a backdrop of heightened uncertainty and risks. His aim: to draw a line under Covid-19, boost spending in the key priority areas yet also bear down on the … Continued

Economy 2030

Home is where the heat (pump) is

The Government’s Heat and Buildings Strategy is a welcome step forward but lower-income households will need more support

by

The Government’s recently released Heat and Buildings Strategy represents a much-needed step forward in plans to decarbonise Britain’s homes, a task likely to be one of the trickiest aspects of reaching net zero emissions. While much of the headlines have focused on heat pumps, the strategy contains welcome support for insulating social housing and the … Continued

An intergenerational audit for the UK

2021

by

Our third Intergenerational Audit – supported by the Nuffield Foundation –  provides an analysis of economic living standards across generations in Britain. In so doing, it analyses the latest data across four domains: Jobs, skills and pay Housing costs and security Taxes, benefits and household incomes Wealth and assets In each of these domains, we … Continued

The Uncertainty Principle

Previewing the decisions to be taken at the Autumn Budget and Spending Review 2021

by

This report is our analysis of the economic and fiscal outlook ahead of the upcoming Autumn 2021 Budget – including what it will mean for the decisions the Chancellor will need to take at the Spending Review. The starting point for the Budget is that the economy is in a much stronger position than was … Continued

Bills, bills, bills

How rising energy costs will impact some more than others and what the Government can do about it

by

Summary As winter approaches, millions of British households will be facing growing financial pressure. The combination of falling incomes, as the Covid-19 support schemes end, and rising inflation, driven by higher energy costs, means family budgets will be squeezed from all sides. The impacts of soaring global gas markets on the energy bills of millions … Continued

A return to boom and bust (in births)

How birth cycles will affect public spending pressures over the coming decade

by

The demographic impact of the Baby Boomer generation on public spending is frequently discussed as they move out of work and into retirement, but the most recent birth cycle – in which births hit a low point in 2002, a high point in 2012, and have been declining since – is having profound impacts on the education system.

Loading
No more publications found