Economy 2030

Enduring strengths

Analysing the UK’s current and potential economic strengths, and what they mean for its economic strategy, at the start of the decisive decade

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Key to building a new economic strategy which can revitalise the UK economy after a decade of stagnation is understanding our current strengths, how these strengths evolve, and the trade-offs they present. The report uses global data on trade in goods and services and patenting to uncover where the UK’s relative strengths lie; we study … Continued

Inflation Nation

Putting Spring Statement 2022 in context

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This briefing note provides an assessment of the measures announced in the March 2022 Spring Statement.  The Chancellor approached this with the highest inflation in 40 years and the worst income squeeze on record lying ahead of us.  Against that backdrop, and with plenty of fiscal ammunition (thanks to the Office for Budget Responsibility’s (OBR’s) … Continued

Economy 2030

Under pressure

Managing fiscal pressures in the 2020s

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The 2020s are set to be a decade in which the spending pressures from ageing intensify, healthcare costs continue to rise, and the state needs to invest more to drive a rapid transition to net zero. These trends will play out against the backdrop of a decade of significant economic change that will place further … Continued

Wealth on the eve of a crisis

Exploring the UK’s pre-pandemic wealth distribution

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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

Housing Outlook Q4 2021

The impact of higher inflation on social renters’ housing costs

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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

The Boris Budget

Resolution Foundation analysis of Autumn Budget and Spending Review 2021

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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

The Uncertainty Principle

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

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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

Economy 2030

Work experiences

Changes in the subjective experience of work

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This paper is the first to be published as part of the Lived Experience theme of The Economy 2030 Inquiry. It explores the subjective experience of work to provide a rounded picture of the changing realities of employment as policy and the economy have evolved since the 1980s to the latter part of the 2010s. … Continued

Nationally Insured?

New taxes and new spending to address key Department for Health and Social Care priorities

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This note assesses the announcements made by the Government on the suspension of the Triple Lock, National Insurance rises, health and social care funding, and public spending totals for the rest of this Parliament made on 7 September 2021.

Housing Outlook Q3 2021

The effect of transaction tax holidays on house prices

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Welcome to Housing Outlook Q3 2021. In this spotlight we turn our attention once again to the uncanny performance of house prices over the past year. In particular, we focus on the effect of transaction tax holidays across the UK. Introduced to stimulate the housing market in July last year, the Scottish and Welsh transaction … Continued

(Wealth) gap year

The impact of the coronavirus crisis on UK household wealth

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This report is the second in a series of annual reports analysing the state of wealth in Britain. In it we provide the first complete picture of the impact of the Covid-19 crisis across the entire wealth distribution of the UK, and what it means for living standards. We find that the Covid-19 pandemic is … Continued

Understanding the labour market: pandemic not pandemonium

The labour market is normalising, not overheating

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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

In need of support?

Lessons from the Covid-19 crisis for our social security system

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This briefing note looks at the lessons we have learnt about the UK’s welfare system over the course of the Covid-19 crisis so far, and what those lessons might mean for its future direction. The £111 billion spent so far on supporting incomes during the pandemic should remind us of the importance of welfare systems. … Continued

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