Low Pay Britain 2019

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Jobs, Skills and Pay

This is the ninth annual Resolution Foundation report on low pay. This year we focus on the minimum wage, for two reasons. The first is that it is driving big, welcome changes to our labour market. As the UK’s wage floor celebrates its 20th birthday, recent increases in its level have driven the first sustained … Continued

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House of the rising son (or daughter): the impact of parental wealth on their children’s homeownership

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Housing, Wealth and Debt

Homeownership rates have plummeted for today’s younger generation. Hypothetically, it would currently take a 27-30 year old first time buyer around 18 years to save for a deposit if they relied solely on savings from their own disposable income (up from three years two decades ago). Rising unaffordability has led many first-time buyers (FTBs) to … Continued

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The Resolution Foundation Earnings Outlook Q2 2018

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Jobs, Skills and Pay

In October there was good news on pay: nominal pay grew by 3.1 per cent in the 12 months to August, the fastest growth since the financial crisis (January 2009). The question is, is such (relatively) strong pay growth likely to be sustained? Nominal pay growth has been building steadily since early 2017, so this … Continued

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