The Winter (Economy Plan) is coming

Chancellor ramps economic support back up, but avoidable design flaws will limit its success in stemming the Autumn rise in unemployment

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Economic policy yesterday caught back up with the ramping back up of social distancing restrictions by the Prime Minister earlier in the week. The Chancellor rightly announced new measures rather than sticking to plans to phase out help for workers and firms.   His most significant policy was the Job Support Scheme (JSS), an extended, … Continued

Rounding up

Putting the 2019 Spending Round into context

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In his September 2019 Spending Round the Chancellor rightly declared he was “turning the page” on austerity and “writing a new chapter in our public services”. But he has also ripped up his own fiscal rulebook, almost certainly breaking the fiscal ‘mandate’ in the near-term and casting significant doubt over his ability to keep debt falling as a share of GDP over the coming years.

The Living Standards Outlook 2019

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Detailed data about household incomes comes with a considerable lag, and the UK’s main economic forecasts only tell us about averages. Our second dedicated Living Standards Outlook combines survey data, economic forecasts, the government’s tax and benefit policies, and more, to project household income growth for different groups.

Passing on: options for reforming inheritance taxation

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Inheritances are growing rapidly in importance at the same time as fiscal pressures mount. But the current inheritance tax system manages to raise relatively little while also being especially unpopular. This paper proposes a Lifetime Receipts Tax that would address Inheritance Tax’s problems while also raising more revenue and encouraging individuals to spread their wealth more widely.

Home Affront: housing across the generations

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In this, our 9th report for the Intergenerational Commission, we take on the hugely important topic of housing. We compare the housing outcomes achieved by different generations over the life course and assess the extent to which intergenerational inequalities exist when it comes to security, to affordability and to quality. We explore how the housing … Continued

Diverse outcomes: living standards by ethnicity

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This briefing note looks at how typical household incomes have differed by ethnicity, given that around one fifth of the population self-report their ethnicity as something other than White British. While not an attempt to offer comprehensive analysis, we also explore some of the causes, including differences in the labour market, pointing to the need for further work.

Public spending
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Economy and public finances
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Political parties and elections

The deficit the election forgot? Pre-election briefing on the main parties’ fiscal positions

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While the deficit remains in place, it is heading back to the sort of level relative to the size of the economy that past generations have been comfortable with. With the process of fiscal consolidation dominating so much of the political discourse in recent years it’s unlikely that many voters will be lamenting a dialling … Continued

The RF Earnings Outlook Q4 2016

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This Earnings Outlook looks at the final quarter of labour market data for 2016. Most importantly, inflation has risen rapidly in recent months, weighing heavily on real pay growth – though published pay statistics will take some time to fully reflect this. Indeed, our ‘Spotlight’ article notes that real pay in the public sector has … Continued

A tough gig? The nature of self-employment in 21st Century Britain and policy implications

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This Resolution Foundation analysis looks at the recent growth in self-employment. It focuses on: the sectoral make-up of the UK’s 5 million self-employed workers; the drivers of this growth since the recession; how the self-employed are treated differently in terms of tax and employment rights; and what policy challenges this raises. Key findings: Nearly 60 … Continued

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