Economy 2030 Net zero jobs The impact of the transition to net zero on the UK labour market 20 June 2022 by Molly Broome and Kathleen Henehan and Charlie McCurdy and Anna Valero and Guglielmo Ventura The Government’s commitment to achieving net zero greenhouse gas emissions by 2050 will mean investment, and change, across the economy: from the decarbonisation of buildings and surface transport, to shifts in diet, aviation and industry. These changes will affect the UK public, both as consumers and as workers. This briefing note explores the impact that … Continued READ MORE
Under new management How immigration policy change will, and won’t, affect the UK’s path to becoming a high-wage, high-productivity economy 17 February 2022 by Kathleen Henehan Immigration has been billed as both a driver of, and a cure for, a low-wage, low-productivity economy. With big economic changes like Brexit, the recovery from Covid-19 and the transition to net zero emissions coming down the track in the 2020s, this note looks at recent changes in the UK’s immigration system in order to … Continued READ MORE
Budgets & fiscal events· Economy and public finances The Boris Budget Resolution Foundation analysis of Autumn Budget and Spending Review 2021 28 October 2021 by Torsten Bell and Mike Brewer and Nye Cominetti and Karl Handscomb and Kathleen Henehan and Lindsay Judge and Jack Leslie and Jonathan Marshall and Krishan Shah and James Smith and Daniel Tomlinson and Lalitha Try 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 READ MORE
Intergenerational Centre An intergenerational audit for the UK 2021 21 October 2021 by Kathleen Henehan and Maja Gustafsson and Nye Cominetti and Karl Handscomb and Lindsay Judge and Jack Leslie and Lalitha Try 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 READ MORE
Living standards· Incomes The Living Standards Audit 2021 1 July 2021 by Karl Handscomb and Kathleen Henehan and Lalitha Try This report is our fifth annual Living Standards Audit. This year we update our analysis of income before Covid-19; assess how incomes are faring during the crisis; and consider factors that will have an important bearing on household incomes in the future. READ MORE
Jobs· Labour market Understanding the labour market: pandemic not pandemonium The labour market is normalising, not overheating 28 June 2021 by Torsten Bell and Kathleen Henehan and Krishan Shah and Hannah Slaughter and Greg Thwaites The mild euphoria phase of the economic commentary cycle has arrived somewhat earlier than after previous downturns. This is a big change from the excessive pessimism of late 2020. According to some, we have “eye popping growth” to look forward to as “Brexit Britain Booms”. For the labour market, this turn to optimism has seen … Continued READ MORE
Coronavirus· Incomes· Labour market· Pensions & savings After shocks Financial resilience before and during the Covid-19 crisis 21 April 2021 by Maja Gustafsson and Kathleen Henehan and Fahmida Rahman and Daniel Tomlinson This report provides some of the first evidence on how the impact of the Covid-19 crisis on households has differed across countries. It studies the living standards-related factors that contribute to financial resilience (or the lack of it) both before and during Covid-19 in the UK, France and Germany. Overall, we find that pre-crisis vulnerabilities … Continued READ MORE
Coronavirus· Jobs· Skills· Intergenerational Centre Uneven steps Changes in youth unemployment and study since the onset of Covid-19 14 April 2021 by Kathleen Henehan In order to reduce the spread of Covid-19, and thereby save lives, large sectors of the UK economy were temporarily shut down during parts of 2020 and 2021. Although unemployment rose by less than anticipated during this period, with the unemployment rate among people aged 16 and older rising by just over one percentage point … Continued READ MORE
Budgets & fiscal events· Economy and public finances Spending fast, taxing slow Resolution Foundation analysis of Budget 2021 4 March 2021 by Torsten Bell and Mike Brewer and Nye Cominetti and Karl Handscomb and Kathleen Henehan and Lindsay Judge and Jack Leslie and Charlie McCurdy and Cara Pacitti and Hannah Slaughter and James Smith and Greg Thwaites and Daniel Tomlinson This briefing note provides an assessment of the measures announced in the March 2021 Budget. The context for this Budget was an intensification of the Covid-19 pandemic, creating a need for further policy measures to support families and firms in the months before the completion of the vaccine rollout. In response, the Chancellor announced significant … Continued READ MORE
Coronavirus· Jobs· Labour market Long Covid in the labour market The impact on the labour market of Covid-19 a year into the crisis, and how to secure a strong recovery 17 February 2021 by Nye Cominetti and Kathleen Henehan and Hannah Slaughter and Greg Thwaites This is the third time we have written a report taking stock of the impact of the virus on the labour market. Nine months on from our first report in June last year, some things are similar. The health effects of the second wave may be starting to recede, and thoughts are again turning to … Continued READ MORE
Coronavirus· Job quality and security· Brexit & trade· Migration Home and away The UK labour market in a post-Brexit world 16 December 2020 by Kathleen Henehan and Lindsay Judge 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 READ MORE
Coronavirus· Jobs· Job quality and security Jobs, jobs, jobs Evaluating the effects of the current economic crisis on the UK labour market 27 October 2020 by Mike Brewer and Nye Cominetti and Kathleen Henehan and Charlie McCurdy and Rukmen Sehmi and Hannah Slaughter 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. READ MORE
Coronavirus· Intergenerational Centre An intergenerational audit for the UK 2020 7 October 2020 by Laura Gardiner and Maja Gustafsson and Mike Brewer and Karl Handscomb and Kathleen Henehan and Lindsay Judge and Fahmida Rahman This Intergenerational Audit for the UK – supported by the Nuffield Foundation – provides the first comprehensive assessment of the initial phase of the coronavirus crisis for different generations in Britain. READ MORE
Coronavirus· Skills Can training help workers change their stripes? Retraining and career change in the UK 18 August 2020 by Kathleen Henehan The coronavirus crisis has already brought significant disruption to the UK labour market, particularly in sectors that offer in-person services like hospitality, entertainment and retail. There are fears that as the Government’s temporary support measures wind down, many more adults could soon be out of work. The Government will need to consider adult education and … Continued READ MORE
Coronavirus· Skills· Apprenticeships· Intergenerational Centre Class of 2020 Education leavers in the current crisis 6 May 2020 by Kathleen Henehan The economic fallout from the coronavirus has taken the UK into uncharted territory, with fears that an additional 640,000 18-24-year-olds could find themselves unemployed this year alone. This briefing note focuses specifically on the prospects facing young people leaving full-time education today, highlighting the size and length of employment and pay scarring that they could … Continued READ MORE
Household debt· Wealth & assets An outstanding balance? Inequalities in the use – and burden – of consumer credit in the UK 15 January 2020 by Jubair Ahmed and Kathleen Henehan As the 2010s drew to a close, both policymakers and the press raised concerns about rising levels of UK household debt, with some warning it could soon bring about the next recession. Although household debt levels remain high in absolute terms, when compared against total household income they are substantially below levels reached during the … Continued READ MORE
Labour market· Skills· Apprenticeships Trading up or trading off? Understanding recent changes to England’s apprenticeships system 24 August 2019 by Kathleen Henehan In 2017 there was overhaul to the apprenticeships system in England: large firms were required to pay 0.5 per cent of their wage bill into an apprenticeship levy, while regulations on training and delivery were firmed up. Two years on, this briefing note takes stock of the system, looking at what’s changed, why and where … Continued READ MORE
Labour market· Low pay· Pay· Minimum wage· Living Wage Low Pay Britain 2019 30 May 2019 by Nye Cominetti and Kathleen Henehan and Stephen Clarke This is our ninth annual report on low pay. This edition focuses on the minimum wage, which recently turned 20. It analyses the extent to which the minimum wage has reduced the proportion of the working-age population in low pay. It also looks to the future, asking how fast the minimum wage can boost wages for the lowest earners while managing the inevitable risks to employment. READ MORE
Labour market· Skills Pick up the pace: the slowdown in educational attainment growth and its widespread effects 18 March 2019 by Kathleen Henehan This paper highlights that while improvements to the country’s human capital stock have been driven by increasingly educated cohorts of young people flowing into the labour market, the pace of growth in young people’s educational attainment has more than halved since the start of the 21st century. This ‘slowdown’ brings with it worrying implications for productivity and living standards. READ MORE
Living standards· Pay· Inequality & poverty Opportunities Knocked? Exploring pay penalties among the UK’s ethnic minorities 18 July 2018 by Kathleen Henehan and Helena Rose Over the past two decades ethnic minority groups have made substantial gains in relation to education and employment. But in spite of this progress, large pay gaps remain: even after accounting for education, occupation and other key factors, black male graduates are on average paid 17 per cent less than their white male counterparts; Pakistani/Bangladeshi non-graduate men are paid 14% less. READ MORE
Labour market· Skills· Intergenerational Centre Technical Fault: Options for promoting human capital growth 27 April 2018 by Kathleen Henehan and Anna Vignoles This is the 20th paper for the Intergenerational Commission, focused on the pace of and inequality within education attainment. It proposes a ‘twin-track’ approach to reforming the skills landscape in order to restart generational progress on human capital: both ‘fixing’ the technical (non-A level/university) education offer for future generations of young people, and providing additional support for those lower-qualified young adults who have already left school. READ MORE
Labour market· Skills· Apprenticeships Up to the job? Using the Apprenticeship Levy to tackle the UK’s post-16 education divide 4 April 2017 by Kathleen Henehan Over the past twenty years there has been a significant rise in educational attainment in Britain: while the proportion of young people with low-level qualifications halved between 1996 and 2016, the proportion of those with qualifications at degree level and above more than doubled. Homing in on different types of qualifications, we see that growth … Continued READ MORE
Budgets & fiscal events· Public spending· Economy and public finances Are we nearly there yet? Spring Budget 2017 and the 15 year squeeze on family and public finances 9 March 2017 by Matthew Whittaker and Stephen Clarke and Adam Corlett and David Finch and Laura Gardiner and Kathleen Henehan and Daniel Tomlinson Resolution Foundation’s overnight briefing on the 2017 Spring Budget. READ MORE
