Budgets & fiscal events· Economy and public finances A pre-election Statement Putting the Autumn Statement 2023 in context 23 November 2023 by Camron Aref-Adib and Torsten Bell and Mike Brewer and Molly Broome and Alex Clegg and Nye Cominetti and Adam Corlett and Sophie Hale and Lindsay Judge and Jonathan Marshall and Charlie McCurdy and Louise Murphy and Felicia Odamtten and Cara Pacitti and Simon Pittaway and Hannah Slaughter and James Smith and Greg Thwaites and Lalitha Try In this briefing note, we put the decisions in the 2023 Autumn Statement in context, discussing how the economic outlook has changed, what that means for the public finances, and how the policy decisions taken will affect living standards in both the short and the medium term. READ MORE
Budgets & fiscal events· Economy and public finances Preparing the pitch Autumn Statement 2023 preview 6 November 2023 by Adam Corlett and Jonathan Marshall and Charlie McCurdy and Louise Murphy and Cara Pacitti and Simon Pittaway and Hannah Slaughter and James Smith and Greg Thwaites In our Autumn Statement preview slidepack, we assess the economic outlook ahead of Jeremy Hunt’s Autumn Statement on November 22nd, and explore the policy choices facing the Chancellor as inflation drives up tax revenues, and interest rates drive up the cost of government debt. We find that the Chancellor is in difficult terrain: although the … Continued READ MORE
Living Wage Calculating the Real Living Wage for London and the rest of the UK: 2023 24 October 2023 by Nye Cominetti and Louise Murphy This report sets out the method through which the Living Wage (LW) rates – a voluntary hourly pay rate that is based on what families need to get by – in London and the rest of the UK are calculated by the Resolution Foundation, and overseen by the Living Wage Commission on behalf of the … Continued READ MORE
Economy 2030 Learning to grow How to situate a skills strategy in an economic strategy 24 October 2023 by Rui Costa and Sandra McNally and Guglielmo Ventura and Louise Murphy and Anna Valero Investing in human capital is a crucial aspect of building an economy that is both more productive and fairer, and any growth strategy must incorporate an agenda for increasing human capital and workforce skills within that. So how should we approach the task of developing a skills strategy that complements a broader economic strategy? In … Continued READ MORE
Universal Credit· Welfare Rates of change The impact of a below-inflation uprating on working-age benefits 14 October 2023 by Lindsay Judge and Louise Murphy NB – this briefing has been updated following the publication of the ONS prices data for September 2023. The CPI inflation figure for September (6.7 per cent) is the basis on which key working-age benefits are normally uprated in the following April. But with the public finances under real pressure, and prices expected to … Continued READ MORE
Economy 2030· Living standards· Incomes· Economic growth From safety net to springboard Designing an unemployment insurance scheme to protect living standards and boost economic dynamism 21 September 2023 by Mike Brewer and Louise Murphy Losing your job in Britain is a very risky business. Low levels of out-of-work benefits are rarely an adequate safety net for those who experience job loss, and workers in the UK who move out of work are at greater risk of experiencing a large income loss than those in most other OECD countries. Some … Continued READ MORE
Welfare Reassessing the Work Capability Assessment What might the proposed changes to the Work Capability Assessment mean for low-to-middle income families? 6 September 2023 by Louise Murphy Yesterday, the Government announced that it is consulting on changes to the Work Capability Assessment, the assessment used to determine how people with health conditions are treated within the benefits system. Coming shortly after the Health and Disability White Paper, this underlines that we are going to be talking a lot more about health- and … Continued READ MORE
Labour market· Skills· Wellbeing and mental health Left behind Exploring the prevalence of youth worklessness due to ill health in different parts of the UK 5 June 2023 by Louise Murphy This briefing note is part of the Health Foundation’s Young people’s future health inquiry, in which we focus on the prevalence of youth worklessness due to ill health in different parts of the UK. We find that young people in small towns or villages are more likely than young people in big cities to be out of work due to ill health. READ MORE
Budgets & fiscal events· Economy and public finances We’re going on a growth Hunt Putting the 2023 Spring Budget in context 16 March 2023 by Torsten Bell and Mike Brewer and Molly Broome and Nye Cominetti and Adam Corlett and Emily Fry and Sophie Hale and Karl Handscomb and Charlie McCurdy and Louise Murphy and Felicia Odamtten and Cara Pacitti and Simon Pittaway and Krishan Shah and James Smith and Greg Thwaites and Lalitha Try This report examines the economic backdrop to Budget 2023, and assesses whether the Chancellor has successfully delivered on his central objective of boosting growth through higher employment and business investment. READ MORE
Budgets & fiscal events· Economy and public finances New Budget, same problems Spring Budget preview 6 March 2023 by Molly Broome and Adam Corlett and Emily Fry and Karl Handscomb and Louise Murphy and Felicia Odamtten and Cara Pacitti and Krishan Shah and Hannah Slaughter and James Smith and Greg Thwaites and Lalitha Try In our Spring Budget preview slidepack, we assess the economic outlook ahead of Jeremy Hunt’s Spring Budget on March 15th, and explore the policy choices facing the Chancellor in three key areas: cost-of-living support, public sector pay and boosting growth. We find that there is finally some good news for the Chancellor in the short … Continued READ MORE
Covid-19· Labour market· Wellbeing and mental health Post-pandemic participation Exploring labour force participation in the UK, from the Covid-19 pandemic to the decade ahead 21 February 2023 by Louise Murphy and Greg Thwaites Labour market inactivity has increased. Many of the newly inactive won’t come back. Boosting labour market participation means focusing on older workers, women with children, and those affected by rising ill-health and disability – groups where progress has been made and scope for more remains. READ MORE
Labour market· Low pay Constrained choices Understanding the prevalence of part-time work among low-paid workers in the UK 30 November 2022 by Louise Murphy This is the fifth output from the Resolution Foundation which contributes to the Young person’s future health inquiry. It discusses the concentration of part-time work among low-paid workers (including young people), and explores the reasons why low-paid workers work part-time, and the extent to which low-paid workers experience agency over their working hours. It draws … Continued READ MORE
Intergenerational Centre An intergenerational audit for the UK 2022 14 November 2022 by Molly Broome and Sophie Hale and Nye Cominetti and Adam Corlett and Karl Handscomb and Louise Murphy and Lalitha Try 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 READ MORE
Budgets & fiscal events· Economy and public finances Blowing the budget Assessing the implications of the September 2022 fiscal statement 24 September 2022 by Torsten Bell and Molly Broome and Nye Cominetti and Adam Corlett and Emily Fry and Karl Handscomb and Lindsay Judge and Jack Leslie and Louise Murphy and Krishan Shah and Hannah Slaughter and James Smith and Greg Thwaites and Lalitha Try 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. READ MORE
Living Wage Calculating the Real Living Wage for London and the rest of the UK: 2022 22 September 2022 by Nye Cominetti and Louise Murphy This report sets out the method through which the Living Wage (LW) rates – a voluntary hourly pay rate that is based on what families need to get by – in London and the rest of the UK are calculated by the Resolution Foundation, and overseen by the Living Wage Commission on behalf of the … Continued READ MORE
Labour market· Wellbeing and mental health· Intergenerational Centre Not working Exploring changing trends in youth worklessness in the UK, from the 1990s to the Covid-19 pandemic 13 June 2022 by Louise Murphy This report is part of the Health Foundation’s Young people’s future health inquiry, in which we focus on the labour market experience of young people, including its implications for health. This report provides a long-term view of what’s been happening to youth worklessness since the 1990s, looking beneath the headline figures. READ MORE
Budgets & fiscal events· Public spending· Economy and public finances Inflation Nation Putting Spring Statement 2022 in context 24 March 2022 by Torsten Bell and Mike Brewer and Adam Corlett and Sophie Hale and Karl Handscomb and Lindsay Judge and Jack Leslie and Jonathan Marshall and Louise Murphy and Krishan Shah and James Smith and Hannah Slaughter and Greg Thwaites 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 READ MORE
Covid-19· Labour market· Skills· Intergenerational Centre Leaving lockdown Young people’s employment in 2021: improvements and challenges in the second year of the Covid-19 pandemic 31 January 2022 by Louise Murphy This spotlight explores younger people’s employment trajectory during the Covid-19 pandemic, before setting out where policy makers should now be focused. READ MORE
