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

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.

Arrears fears

The distribution of UK household wealth and the impact on families

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The defining economic challenge for UK families at the moment is the cost of living crisis, rising inflation threatens living standards in the UK as real incomes fall. Owning wealth helps protect against the adverse effects, particularly for those who can rely on savings. Therefore, the current crisis has thrown wealth inequality into the spotlight. … Continued

Economy 2030

Net zero jobs

The impact of the transition to net zero on the UK labour market

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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

Economy 2030
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Demographics

Big welcomes and long goodbyes

The impact of demographic change in the 2020s

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It is well known that UK population ageing is set to accelerate in the 2020s. As a result, the discussion around demographic change tends to fixate on the fiscal implications from increased public spending pressures. But demographic change has wider implications for economies – it influences the size and shape of the labour market, demand … Continued

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