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The Latest Breaking News from Resolution Foundation

The broken state of UK economy is clear; Hunt and Starmer’s solutions are less so

Resolution Foundation report underlines lack of progress by Tories but Labour proposals seem woolly

The Guardian - UK

Watch Live: Keir Starmer expected to speak on the economy at Resolution Foundation conference

Watch live as Keir Starmer speaks on the economy at Resolution Foundation conference in Westminster, London, on 4 December 2023.

The Independent UK

Britain’s snail-pace growth has set U.K. households back by $10,500 as peers in France and Germany pull away

Growing income inequality, depressed productivity and underinvestment are among the causes hurting British workers and households.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

James Cleverly tells MPs crackdown will cut annual immigration numbers by about 300,000 – as it happened

Home secretary to announce big hike in salary requirement for migrants to the UK as Rishi Sunak tries to cut net migration figures

The Guardian - UK

'Tone deaf': Austerity fears as Keir Starmer pledges not to 'turn on spending taps'

SENIOR Labour MPs are concerned that Keir Starmer is preparing to sign up to austerity measures after details of an upcoming keynote speech were…

The National (Scotland)

Gold hits record high and bitcoin breaks $42,000 – as it happened

Gold at all-time high, and bitcoin at 18-month peak, as traders bet on US interest rate cuts early next year, while ONS shows that mortgage holders face higher inflation

The Guardian - UK

British workers missing out on £10,700 a year as living standards fall

Report by Resolution Foundation and LSE calls for economic strategy rethink after 15 years of relative decline

The Guardian - UK

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UK households to be £1,900 poorer by end of this parliament, say economists

Warning comes after Resolution Foundation finds autumn statement favours richest 20% of earners

The Guardian - UK

UK facing ‘elevated’ recession risks as new orders fall; Nissan’s EV boost in Sunderland; Turkey hikes rates – as it happened

Latest PMI survey shows a marginal return to growth for UK companies, but falling orders raises recession risk

The Guardian - UK

Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity

The Guardian - UK

Despite what Whoopi Goldberg thinks, millennials really are worse off than previous generations, new research shows

Millennials might become the first generation to fare worse economically than their parents, new research shows.

Fortune

UK millennials ‘still wearing economic scars of 2008 financial crisis’

Those now aged in their early 30s have experienced over two decades’ worth of lost progress on pay, research has found.

The Independent UK

Interest rate rises caused sharp drop in UK household wealth, report finds

Resolution Foundation says higher interest rates have led to a fall in house prices and pension pots

The Guardian - UK

Britain needs economic and fiscal policy ‘reset’ to fight future crises – report

The Resolution Foundation is warning the UK is on course for debt to rise to around 140% of economic output over the next 50 years.

The Independent UK

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The Guardian - UK

UK economy hit by ‘renewed signs of stress’ as growth slows; pound at six-month low – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Great British slowdown has hamstrung our economy – thinktank

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The Independent UK

Run-up to general election marked by income stagnation, says think-tank

The current parliamentary term is on track to be the worst for living standards growth since at least the 1950s, the Resolution Foundation said.

The Independent UK

A third of English homes are risk of overheating in the future, analysts say

Smaller, overcrowded or urban houses are more susceptible to heat and more likely to be inhabited by poorer families, the Resolution Foundation said.

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The Independent UK

Nearly four million working days lost to strikes in past year, says think tank

A real-terms fall in pay has fuelled many of the strikes, the Resolution Foundation said.

The Guardian - UK

UK mortgage rates stabilise for first time since May; Rising interest rates knock £2.1tn off household wealth – as it happened

UK mortgage rates held steady today, as a new report shows that rising interest rates have reversed rise in household wealth

The Independent UK

Younger people could emerge as winners from rising interest rates – report

A ‘new normal’ of higher rates could end a wealth boom driving intergenerational inequality, the Resolution Foundation said.

The Guardian - UK

Mortgage ‘catastrophe’ will lose us the election, warn Tory MPs

Members in marginal seats fear Conservative party leaders have not understood the impact of rate rises

The Independent UK

Mortgage crunch ‘on track to increase annual household bills by £15.8bn by 2026’

Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, the Resolution Foundation said.

Evening Standard

OPINION - The Standard View: A mortgage time bomb is poised to detonate over London

A mortgage timebomb is poised to detonate. Since the Bank of England raised interest rates from 0.1 per cent to 4.5 per cent, research by the Resolution Foundation think-tank suggests that just a third of mortgage holders have been impacted. But that will not last.

The Independent UK

Price of food to replace energy as biggest cost-of-living problem – think tank

The head of the Resolution Foundation warned poorer households would end up eating less as food prices continue to rise.

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