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The Latest Breaking News from Resolution Foundation

UK only halfway through cost-of-living income squeeze - with worst to come

The bleak analysis from the Resolution Foundation think tank suggests the typical household will see their disposable incomes fall by £2,100 over a two-year period

Daily Mirror

Mortgage payers face squeeze in 2023 after UK interest rate rises

Wealthy, older people who own home outright will avoid higher costs and benefit from better return on savings

The Guardian - UK

Disabled people in UK unable to afford heating, food: Report

Soaring inflation has forced disabled people already beset by lower incomes to cut back on essentials, study says.

Al Jazeera

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48% of disabled adults have had to cut back on energy use, think-tank finds

Around two-fifths of people with a disability said they could not afford to keep their home warm, the Resolution Foundation said.

The Independent UK

Cost of living warning to families as household incomes predicted to fall again this year

The financial squeeze is set to make 2023 a ‘groundhog year’ for many families.

Daily Record

'Groundhog year' as cost of living crisis set to continue

Inflation may ease and interest rate rises peak lower than feared, but the cost-of-living crisis will deepen to make families suffer

Wales Online

Families facing ‘groundhog year’ as financial squeeze continues – think-tank

Family finances face a repeat of 2022’s squeeze as the cost-of-living crisis deepens, the Resolution Foundation has warned.

The Independent UK

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Families brace for 'groundhog year' as energy bills to soar by £900 and pay drops by 4%

Think-tank the Resolution Foundation warned incomes are set to fall by 3.8% in its New Year outlook, while the typical household energy bill is set to rise to £2,450 from £1,550

Daily Mirror

50,000 parents could face higher tax rates of up to 96% – are you one of them?

More families with children look set to face effective tax rates of between 80% and 96% due to the complicated and "colliding" rules of Universal Credit and Child Benefit

Daily Mirror

Major review of taxes including child benefit for two million families is quietly axed

Sources confirmed doomed Kwasi Kwarteng's Treasury review to make taxes 'better for families' is dead in the water under Rishi Sunak's leadership because events have overtaken it

Daily Mirror

DWP Universal Credit and child benefit 'tax trap' could mean households pay up to '96% tax'

Experts say 90,000 people are set to be caught out by 2030

Nottingham Post

The Observer view on fuel poverty measures freezing out poorest Britons

New analysis reveals the least affluent need urgent government support this winter

The Guardian - UK

The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement

The Guardian - UK

Hunt’s budget will mean 19 years of wage stagnation, warns thinktank

Resolution Foundation says had wages grown at the same rate as before 2008, annual pay in 2027 would have been £15,000 a year higher

The Guardian - UK

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Daily Mirror

Worst-hit families will be hit with £2,000 energy bill rise as taxes soar, study finds

New research by The Resolution Foundation also found that workers are £15,000 worse off a year on average because of an unprecedented wage downturn which will see salaries drop to 2008 levels for the next five years

Evening Standard

Jeremy Hunt slams Tory MPs attacking tax rises: ‘Nothing Conservative about ducking difficult decisions’

Chancellor hits back at MPs attacking his £24 billion of tax rises

Wales Online

Average families are now 3.7% worse off after Jeremy Hunt's autumn statement

The hit to 'middle earners' is higher than it is for the wealthiest, who will be 3% worse off

Wales Online

Spending cuts may prove undeliverable, analysts warn Chancellor

Chancellor's autumn statement criticised by some fellow Tory MPs as well as by the Resolution Foundation think tank

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The Guardian - UK

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

Wales Online

What we can expect from Thursday’s autumn budget

Tax rises, spending cuts and tightening of belts predicted ahead of Chancellor Jeremy Hunt's statement

The Independent UK

What can we expect from Thursday’s autumn budget?

The autumn statement will mark an abrupt about-turn on Kwasi Kwarteng’s disastrous mini-budget.

The National (Scotland)

Chancellor told austerity is 'Tory political choice' as punishing Budget looms

AUSTERITY is a “Tory political choice”, the Chancellor has been warned days before he unveils the UK Budget – which he has already hinted will…

The Independent UK

Sunak insists ‘fairness’ at the budget’s heart despite tax hikes ‘for all’

The PM sought to blame global challenges rather than Liz Truss for exacerbating the financial turmoil.

Daily Record

Rishi Sunak refuses to blame Liz Truss for looming tax hikes which will hit Scots

Jeremy Hunt will deliver his autumn statement on Thursday and has already warned the public to expect tax rises.

The Independent UK

Young people will struggle most to pay rising energy bills, report says

However, the Resolution Foundation’s Intergenerational Audit concludes over-75s will spend 8% of their total household income on bills.

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