Help today, squeeze tomorrow

Putting the 2022 Autumn Statement in context

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This report presents Resolution Foundation’s analysis of the 2022 Autumn Statement. In the face of grim economic and fiscal forecasts, Jeremy Hunt announced energy support today but tougher times tomorrow, with stealth tax rises for the middle and top of the income distribution followed by spending cuts after the next election.

An intergenerational audit for the UK

2022

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Our fourth Intergenerational Audit – part of the ESRC-funded Connecting Generations partnership – provides an analysis of economic living standards across generations in Britain. In so doing, it analyses the latest data across four domains:  Household incomes and costs;  Jobs, skills and pay;  Wealth and assets; and  Housing costs and security.  In each of these domains, … Continued

Mind the (credibility) gap

Autumn Statement preview

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In our Autumn-Statement preview slidepack, we present new analysis that explores the economic outlook ahead of the Autumn Statement on 17 November, and the critical decisions that the new Prime Minister and Chancellor must make. With the latest political turmoil triggered by attempts to completely rewrite economic policy, Rishi Sunak and Jeremy Hunt are under … Continued

The Long Squeeze

Benefit uprating policy for April 2023

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To offset the impact of tax cuts on the public finances, the Government is considering how it might cut spending. One option that has been discussed is the possibility of raising some benefits in line with earnings rather than inflation next April. This paper explores what this might entail, the potential savings and impacts, and … Continued

Cover for mini budget analysis, Blowing the Budget

Blowing the budget

Assessing the implications of the September 2022 fiscal statement

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The Chancellor decided to blow the budget in his first fiscal statement, bringing forward a £45 billion package of tax cuts, the biggest for 50 years. In this briefing note, we show that today’s Government is no longer fiscally conservative nor courting the Red Wall. Instead, debt is on course to rise in each and every year of the forecast period, and the focus has shifted to the South of England, where the beneficiaries of these tax cuts are more likely to be living.

In at the deep end

The living standards crisis facing the new Prime Minister

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This paper sets out projections for household living standards through to 2026-27. With the UK facing the largest two-year real income fall in at least a century, these forecasts make it clear that a big policy response will be needed from the new government.

Coronavirus
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Economy 2030
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Cities and regions

Right Where You Left Me?

Analysis of the Covid-19 pandemic’s impact on local economies in the UK

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Now that the Covid-19 pandemic is largely behind us, this report, part of the Economy 2030 Inquiry, considers what might be the long-term impacts of Covid-19 on spatial inequalities across the UK in key economic outcomes.  In contrast to the initial fears that Covid could permanently damage our cities (by removing office workers, with the … Continued

Back on target

Analysis of the Government’s additional cost of living support

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The Chancellor yesterday announced a big and well-targeted package of energy bill support. Of the £15 billion of new measures, almost double that announced earlier in the year, twice as much will go to households in the bottom half of the income distribution as the top half. This fills the gaping hole left by the … Continued

Economy 2030
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Welfare

Social Insecurity

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

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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

Taper cut

Analysis of the Autumn Budget changes to Universal Credit

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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

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

An intergenerational audit for the UK

2021

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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

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.

Age-old or new-age?

The changing incidence of social security benefits by age

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At the start of the Covid-19 crisis, the number of families receiving income from the benefits system increased significantly, with 1.3 million more families receiving Universal Credit within three months – reversing a trend of a steady decline in families receiving benefits. In this briefing note, we examine the shift in the numbers of families … Continued

Ventures
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Low pay
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Pay

Workertech and low pay

An overview of research on low-paid workers in the UK

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This paper summarises Resolution Foundation research on low-paid workers and their experiences of work and the labour market. These are the workers that we are trying to reach with Resolution Ventures and the Workertech Partnership.

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