Follow the money

Exploring the link between UK growth and workers’ pay packets

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This briefing note unpicks the relationship between productivity and pay growth, looking at a variety of factors that influence pay growth for different groups of employees in the UK – from trends in the labour share to terms of trade movements, and from the role of employer pension contributions to the impact of changes in working patterns.

Sorry, we’re closed: Understanding the impact of retail’s decline on people and places

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Headlines about shop closures might give the impression that retail’s decline is a recent phenomenon, but retail’s share of employment has been falling for 15 years. This report digs behind this long-run trend, driven by changes in what we spend and how we spend it, and focuses in on what really matters when it comes to economic change: people and places.

Changing Lanes: The impact of different post-Brexit trading policies on the cost of living

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The issue of trade has returned to the frontline of British policy making and politics for the first time in 40 years, but little has been said about what the impact of changes in the UK’s trade regime could be on living standards. This paper aims to fill that gap by looking at what impact two “no deal” Brexit scenarios could have on prices and living standards.

A rising tide lifts all boats? Advanced industries and their impact upon living standards

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Policy makers in Westminster, devolved administrations, cities and local authorities struggle with many of the same challenges. Encouraging economic growth is vital but so too is ensuring the prosperity created is evenly shared. After a long absence, industrial strategy is back on the agenda as a way of providing this inclusive growth. The cornerstone of … Continued

City living: devolution and the living standards challenge

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Significant devolution is planned for Britain’s major city regions. The powers that may soon be devolved are, in terms of recent history if not international comparisons, unprecedented in scope. In May 2017 some cities will elect a region-wide Mayor which will provide fresh political impetus. Furthermore, Theresa May’s new government has signalled her support for … Continued

Brexit & trade
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Economic growth
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Political parties and elections

The Importance of Place: explaining the characteristics underpinning the Brexit vote across different parts of the UK

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Post-referendum analysis has highlighted the importance of demographic, economic and cultural factors on individuals’ vote. In this note, we consider the importance of place; highlighting the extent to which those same factors matter across 378 of Britain’s 380 local authorities. We test the strength of the relationship between these different factors and the vote while holding … Continued

A recovery for all? The evolution of the relationship between economic growth and pay before, during and since the financial crisis

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In this note, we use the latest wage and National Accounts data to consider how the ‘wedge’ between productivity growth and median pay growth that arose prior to the financial crisis in the UK – and which appears to have become a feature across a range of advanced economies in recent decades – has developed … Continued

Decoupling of Wage Growth and Productivity Growth? Myth and Reality

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A closer look at the decoupling of wage growth and productivity growth: Pessoa and Van Reenen distinguish between ‘gross’ and ‘net’ decoupling and examine the trends of both in the US and the UK. This report forms part of the Resolution Foundation’s work for its Commission on Living Standards. Visit the Commission’s website www.livingstandards.org to find … Continued

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