The long shadow

How childhood disadvantage depresses the earnings of university graduates in England

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Childhood poverty casts a long shadow over graduates’ earnings. This briefing note shows that even after achieving the same grade from the same university and working for the same employer a decade later, those who were in deep poverty still earn substantially less than those who were not.

Understatement of the year

Putting the 2026 Spring Forecast in context

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The Spring Forecast was billed as a non‑event, but the underlying story is stark: weak growth, rising risks, and only a fleeting improvement in living standards. Our analysis shows why makerspolicy makers can’t rely on good fiscal luck lasting.

Stairway to headroom

Putting the Autumn Budget 2025 decisions on tax, spending and borrowing into context

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The Chancellor’s second tax-rising budget arrived under dark clouds, but forecasts came in better than feared. But even though she was saved from the worst predictions of past weeks, the Chancellor still faced a tough task to clear three big hurdles – fixing the public finances, easing the cost of living squeeze on families, and taxing smartly and fairly.   This briefing note argues that she did clear these hurdles, albeit not flawlessly. She scraped over … Continued

False starts

What the UK’s growing NEETs problem really looks like, and how to fix it

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Nearly one million young people are now NEET (not in education, employment or training). Tackling this crisis requires stronger enforcement of participation requirements for 16-17-year-olds and an expanded Youth Guarantee offering all 18-24-year-olds real pathways into work or study.

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