Hard times

Assessing household incomes since 2010


This briefing note is part of the Resolution Foundation’s ‘Need to Know Election 2024’ series and examines how income growth, poverty and inequality have changed over the last Parliament and since 2010. At the General Election, living standards growth should be on the agenda for any party wishing to form the next government. This is … Continued

Old age tendencies

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


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

Housing Outlook Q1 2024


Welcome to our first Housing Outlook in what looks set to be an election year, and one where housing could well be a prominent issue. This quarter, we consider whether the UK’s housing woes are shared by other developed economies, or if the issues of housing affordability and quality we highlight so frequently are distinctly … Continued

Pressure on pay, prices and properties

How families were faring in October 2023


Two years into the cost of living crisis, inflation has finally turned a corner. The headline rate of CPI inflation has fallen from its October 2022 peak of 11.1 per cent to 4.6 per cent in October 2023, and the Prime Minister has been able to say that his target of halving inflation in 2023 … Continued

From safety net to springboard

Designing an unemployment insurance scheme to protect living standards and boost economic dynamism


Losing your job in Britain is a very risky business. Low levels of out-of-work benefits are rarely an adequate safety net for those who experience job loss, and workers in the UK who move out of work are at greater risk of experiencing a large income loss than those in most other OECD countries. Some … Continued

Half time

The UK’s commitment to halve poverty by 2030


On 18-19 September, representatives from around the world – including the Deputy Prime Minister Oliver Dowden and the Foreign Secretary James Cleverly – will meet for a UN summit on the Sustainable Development Goals (SDGs). These goals are not just about development in poorer countries: the targets and the discussions around this summit have relevance … Continued

Food for thought

The role of food prices in the cost of living crisis


The cost of living crisis is often thought of as a cost of energy crisis. That is an understandable, but increasingly inadequate, view. In particular, it understates the growing role of food prices (up by 25 per cent over the past year and a half) in the squeeze on living standards that households – especially … Continued

Hoping and coping

How families were faring in March 2023


Families in the UK found themselves in the midst of a cost of living crisis over the winter. Inflation has skyrocketed over the past year, with prices still over 10 per cent higher than a year ago. In response to the squeeze, the Government provided £47 billion of support to households in 2022-23, offsetting around … Continued

Trying times

How people living in poor quality housing have fared during the cost of living crisis


Plenty of research has shown the important role housing plays on our living standards, attitudes and wider health and wellbeing. But less attention has been paid to the effect of housing quality on living standards. In this report, we use data collected in March 2023 from an online YouGov survey (funded by The Health Foundation) … Continued

The only way is down

Assessing the impact of falls in wholesale energy prices on household and public finances


Huge rises in energy prices through much of 2022 sparked a cost of living crisis with recession-level hits to family (as inflation soared) and public finances (as the state partially protected us from bill rises). But there has finally been some good news with wholesale gas prices for 2023-24 down more than 70 per cent … Continued

Costly differences

Living standards for working-age people with disabilities


The cost of living crisis has shone a harsh light on different groups’ ability to deal with fast- rising prices. In this briefing note, we focus on the living standards of people with disabilities, including results from a new survey of just under 8,000 working-age adults, over 2,000 of whom reported a long-term illness or … Continued

New Year’s Outlook 2023

They think it’s all over… it isn’t now


2022 was a truly horrendous year, dominated by the arrival of double-digit inflation that drove a 3.3 per cent (or £800 per household) hit to real disposable incomes, the biggest annual fall in a century. This has left three-quarters of lower-income working families cutting back this Christmas. Against that difficult backdrop, this note considers what … Continued

A blank cheque

An analysis of the new cap on energy prices


Liz Truss’s first major act as Prime Minister was to set out a huge energy support package to reduce the scale of the living standards’ catastrophe this winter, with the Energy Price Guarantee (EPG) as its highlight. The EPG will mean that annual energy prices for the typical household are capped at £2,500 for two … Continued

In at the deep end

The living standards crisis facing the new Prime Minister


This paper sets out projections for household living standards through to 2026-27. With the UK facing the largest two-year real income fall in at least a century, these forecasts make it clear that a big policy response will be needed from the new government.

A chilling crisis

Policy options to deal with soaring energy prices


This briefing note, released just ahead of the announcement of the winter 2022 energy price cap level, looks at the implications of an unprecedented jump in energy costs on low-to-middle income households, stresses the need for urgent and novel policy thinking to lessen this blow, and outlines how this could take shape.

Cutting back to keep warm

Why low-income households will have to cut back on spending by three times as much as high-income households this winter


This winter, low-income households will have to reduce their spending by three times as much as high-income households in order to afford their energy bills – a situation that is particularly concerning now that we know energy bills in January-March 2023 are set to be an annualised £4,266, rather than the £2,800 expected earlier this … Continued

In the dread of winter

Prospects for inflation in the coming months ahead of the Bank of England’s Monetary Policy Report


In the face of the highest inflation rate for 40 years, many are predicting that the Bank of England will announce the largest interest rate rise in 27 years this week. This spotlight focuses on the challenges and uncertainties facing both the Bank of England and UK families from rising inflation this winter. Contrary to … Continued

Back on target

Analysis of the Government’s additional cost of living support


The Chancellor yesterday announced a big and well-targeted package of energy bill support. Of the £15 billion of new measures, almost double that announced earlier in the year, twice as much will go to households in the bottom half of the income distribution as the top half. This fills the gaping hole left by the … Continued

Stressed out

April brings an acute squeeze on UK living standards as higher energy bills lead to widespread fuel stress


April 2022 will see the UK’s cost of living crisis intensify as energy prices jump by more than half overnight, pushing 5 million English households into fuel stress, even accounting for support measures recently announced by the Chancellor. This is not the end, though. Against a backdrop of the highest inflation rate in 40 years … Continued

No more publications found