EU-turn

Resetting the UK-EU relationship through strategic dynamic alignment

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The Government has pledged to reset its relationship with the EU, promising growth dividends from stronger ties, regulatory cooperation and enhanced trade opportunities for UK firms. Despite this EU-friendly rhetoric, Labour’s “red lines” remain firm, limiting its ability to deliver economic growth by delivering substantially different trading arrangements. But by focusing on practical adjustments without … Continued

Old age tendencies

The impact of tax and benefit changes on intergenerational fairness ahead of the 2024 general election

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In this Spotlight we look at the impact of spending, tax and benefit decisions taken since 2010 through the lens of intergenerational fairness. What stands out in this context is the increase in the generosity of the State Pension, which has led to a £44 billion increase in spending, benefiting older age groups. By contrast, … Continued

Decent exposure

An overview of how Britain’s exposure to trade has changed

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In this briefing note we assess how the exposure to international trade has changed over the past two decades. First, we consider the role that declining manufacturing employment has played on how exposed workers at different pay levels have become. Second, we explore how we have become more reliant on international trade through our everyday … Continued

Intergenerational Centre
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Political parties and elections

Poll Position

How intergenerational voting intentions have changed since the 2019 General Election

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The elections in 2017 and 2019 crystallised a trend that had been building over this century: age became the central fault line in British politics. But those were not normal elections: Brexit loomed large, an issue with distinctly age-divided views. This note investigates where we are now, picking out five big intergenerational shifts that have occurred since the last general election.

A pre-election Statement

Putting the Autumn Statement 2023 in context

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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.

An intergenerational audit for the UK

2023

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Five years ago, our Intergenerational Commission set out the numerous threats to the UK’s promise of intergenerational progress. More recently, the spotlight has once again fallen on this issue, but this time in the US, where the latest data has started to suggest that living standards for the millennials are catching up with, and on … Continued

Trading Up

The role of the post-Brexit trade approach in the UK’s economic strategy

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After nearly half a century of EU membership, Britain needs a trade strategy. The stakes are high: such a strategy shapes what families and firms buy from abroad, and what gets produced domestically; influences our jobs, productivity levels and, ultimately, living standards; and contributes a major plank of Britain’s international policy at a time of … Continued

We’re going on a growth Hunt

Putting the 2023 Spring Budget in context

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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.

Open for business?

UK trade performance since leaving the EU

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The overwhelming consensus was that Brexit – which raised trade barriers with the EU – would make the UK less open, less competitive and reduce the size of the economy. The fact that the UK is the only G7 country yet to regain its pandemic level of GDP seemed to corroborate these gloomy predictions. But … Continued

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

The Big Brexit

An assessment of the scale of change to come from Brexit

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Leaving the EU represents the largest change in the UK’s relationship with the rest of the world in nearly half a century. It is a profound change in economic governance, that will reorient production away from trade with the EU and towards the domestic market, impacting people, places and firms across the UK. Understanding the … Continued

Briefing note cover - living wage uk

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

A presage to India

Assessing the UK’s new Indo-Pacific trade focus

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The Government’s trade policy is pivoting to target the fast-growing Indo-Pacific region. The key part of this strategy is a new deal with India. This briefing note explores the implications of this approach finding that it’s something of a gamble with potential rewards coming with big risks.

More trade from a land down under

The significance of trade agreements with Australia and New Zealand

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Last week’s announcement of a trade agreement with Australia (along with a soon-to-be-finalised deal with New Zealand) is good news for the Government’s post-Brexit trade strategy. The deal with Australia represents the first substantively new deal, providing evidence of the opportunities the UK now has after leaving the EU. But both deals are small in … Continued

Trading places

Brexit and the path to longer-term improvements in living standards

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This briefing note is the launch paper for the Brexit research theme of The Economy 2030 Inquiry, a joint project between the Resolution Foundation and the London School of Economics, funded by the Nuffield Foundation. It outlines how trade shapes, and is shaped by, wider changes to the economy, defining the nature of jobs for … Continued

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