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The Latest Breaking News from Resolution Foundation

Ignore the doomsayers, our economy isn’t going to hell in a handcart

Most commentary on the UK economy is relentlessly negative at the best of times, and with the cost of living soaring and the pound sinking these are far from the best of times. So a new report from the Resolution Foundation into the UK’s “Enduring Strengths” makes for a refreshing…

Evening Standard

What will Rishi Sunak do about the cost of living crisis?

Analysis: The chancellor has been warned that the UK is heading for a recession, but he is reluctant to act

The Guardian - UK

UK firms report fastest growth in labour market since pre-pandemic

BDO index rises for fifth consecutive month but inflation and Ukraine war could curtail jobs boom

The Guardian - UK

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Studying health inequalities has been my life’s work. What’s about to happen in the UK is unprecedented

Poverty is literally a matter of life and death for those on the margins, and the government has so far failed to step in, says Michael Marmot, director of the UCL Institute of Health Equity

The Guardian - UK

British Gas doubles emergency credit for those on pre-pay meters

Supplier to allow customers to use energy up to £10 over their pre-payment, after hike in energy prices

The Guardian - UK

UK recessions risks on the rise; global trade hit; Russia edging closer to default – as it happened

Rollng coverage of the latest economic and financial news

The Guardian - UK

Cost of living crisis will lead to increase in youth violence, experts warn

‘There’s a danger that food and hunger’ will be used to snare young people into gangs, former top Met officer warns

The Independent UK

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Some of the country's poorest families could miss out on £150 council tax refund

'There are no easy ways to protect people from rising bills in the current climate'

Manchester Evening News

Nation's poorest families could miss out on £150 council tax refund

It is feared some landlords won't pass the benefit on

Wales Online

2.5 million families tip into ‘fuel stress’ as energy price cap rises

Another 2.5 million households could experience “fuel stress” come October, taking the total number of families paying more than 10% of their income towards energy to 7.5 million

Evening Standard

Energy price cap rise hits British bills as unions call for ‘emergency budget’ – as it happened

Live rolling coverage of business, economics and financial markets as energy costs rise and criminal investigation opened into P&O Ferries

The Guardian - UK

Universal credit rise lifted 400,000 children out of poverty, data shows

Experts say removal of £20-a-week boost and soaring living costs likely to push 1 million below UK breadline

The Guardian - UK

Tory MP branded 'callous' for claiming poverty-hit Brits 'sitting on benefits' should 'get any job'

Katherine Fletcher was criticised for "insult" on struggling families as experts calculate Rishi Sunak's mini-Budget will leave 1.3 million people, including 500,000 children, facing absolute poverty

Daily Mirror

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Independent UK

Cost of living crisis: Lack of support will push 1.3 million into absolute poverty, economists warn

The chancellor left the poorest households ‘painfully exposed’ in his Spring Statement, the Resolution Foundation has said

Daily Mirror

1.3MILLION Brits set to be dragged into absolute poverty in Spring Statement disaster

The Resolution Foundation think tank said the typical working age household will see their real income fall 4% next year, casting millions into absolute poverty including 500,000 kids

Daily Mirror

'Lack of support for poor in Sunak's mini budget is indefensible amid costs crisis'

Torsten Bell, chief executive of the Resolution Foundation, writes in the Mirror on Chancellor Rishi Sunak's 'badly designed' mini budget policy package with an 'indefensible' lack of support for the poorest households with incredibly difficult times ahead

The Independent UK

Higher benefits uprating should be the Chancellor’s ‘top policy priority’

Analysis by the Resolution Foundation outlines a trio of support options which could be taken by Chancellor Rishi Sunak on Wednesday.

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Daily Record

Millions of households set to lose £1,000 income over next 12 months when new tax year starts

The Resolution Foundation is calling on Rishi Sunak to increase DWP benefits by 8.1% in his Spring Budget.

The Guardian - UK

Cost of living for UK’s poorest could be 10% higher by autumn, thinktank warns

Resolution Foundation says prolonged Russian invasion of Ukraine would drive up food and energy prices

Daily Mirror

Families to be £1,000 worse off as 'biggest income squeeze since 1970s' hits

Many families are already expecting their monthly expenses to go up in line with the energy price cap and national insurance increase, but the Resolution Foundation has now warned the Ukraine conflict will push living costs even further

The Independent UK

UK faces worst drop in living standards since 1970s, economists warn

Households will see incomes drop by £1,000 on average in the next financial year, according to a new analysis from the Resolution Foundation think tank

The Guardian - UK

UK household incomes facing biggest decline since mid-70s, says thinktank

Resolution Foundation warns record-high energy prices amid Ukraine war could lead to hit worth £1,000 per household

The Independent UK

Households ‘could be facing worst real incomes squeeze since 1970s’

Non-pensioner households could see real incomes fall by typically £1,000 in 2022/23 compared with previous year, the Resolution Foundation estimates.

Daily Mirror

Six million families hit by £320 'leaky home surcharge' when energy bills rise next month

The Resolution Foundation warned that Brits living in poorly insulated homes would be clobbered by rising energy bills next month

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