In this briefing we have attempted to provide some clarity on the recent debate – which has been a prominent feature of public narrative on the labour market – on the extent to which employees who remain in their jobs from one year to the next have experienced real pay rises. We have described the … Continued
In this note we look in more detail at the distributional impact of this welfare cut, in combination with the decision to increase the personal tax allowance by a further £235 in April 2013 and the announcement that the higher rate threshold would increase by 1 per cent a year from April 2014. Having considered … Continued
Millions of households are heading for a long period of stagnant living standards unless bold steps are taken to ensure that growth over the next decade is broadly shared. Even with a return to steady growth, it’s now entirely possible living standards for a large swath of low and middle households will be no higher … Continued
In April 2011 Resolution Foundation started following 7 low to middle income families across England to track their financial and economic position and how their lives changed over the course of 12 months. This report summarises their experiences over the year and the key challenges faced by the families.
Detailed analysis of the 2012 Budget by the Resolution Foundation. It includes: the impact of the main upcoming changes to tax, tax credits and benefits compares the impact of changes to the personal tax allowance and tax credits the impact on four different families.
Squeezed Britain reveals what life is really like for families who are in work but on a low to middle income. Facing a new tax credits squeeze on top of a continued fall in real wages and a growing chance of a lifetime in renting, this group’s household finances are increasingly precarious.