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The Latest Breaking News from Resolution Foundation

Millions set to have £3,000 'wiped' from bank accounts amid cost of living crisis

Typical households are on course to see their real incomes fall by £3,000 over the next two years

Liverpool Echo

Incoming UK prime minister Truss faces a country in crisis

London (AFP) - The UK's new prime minister, Liz Truss, takes power following a "summer of discontent" and as Britons tighten their belts in response to double-digit inflation and soaring energy costs.

AFP

Millions of UK households set to face £3,000 drop in income as cost of living worsens

Experts are warning of the biggest fall in real pay in years

Nottingham Post

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Boris Johnson says his successor as prime minister will offer cost of living crisis support

He has piled pressure on the next person to take the office with his assurances that “substantial sums” will be provided

Wales Online

Boris Johnson says ‘substantial’ cost-of-living support to be provided by next PM

A 'further package' will be delivered ahead of winter

Nottingham Post

Johnson: ‘Substantial’ cost-of-living support to be provided by next PM

The outgoing Prime Minister made the prediction as he confirmed support for a new nuclear project.

The Independent UK

Incoming PM will oversee 'biggest squeeze on living standards in 100 years'

“RADICAL policy action” is needed after a report found the next Tory prime minister is on course to preside over the deepest squeeze in living…

The National (Scotland)

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UK gas prices fall; growth fears hit markets; pound sinks below $1.16 amid living standards squeeze – business live

Energy prices fall in UK and Europe; Resolution Foundation warns three million more people could be pulled into absolute poverty

The Guardian - UK

Millions more face absolute poverty amid 'terrifying' fall in income, think tank warns

'The new Prime Minister also needs to improve Britain’s longer-term outlook'

Manchester Evening News

Warning that 'millions will be plunged into absolute poverty' in 'terrifying' income fall

Disposable incomes are forecast to fall by 10% this year and next

Wales Online

UK households’ spending power to drop by £3,000, warns thinktank

Resolution Foundation says rising energy bills will push extra 3 million people into poverty

The Guardian - UK

Biggest squeeze in living standards for a century as millions more face absolute poverty, think tank warns

Inflation to put three million more in poverty, warns Resolution Foundation

The Independent UK

3 million face absolute poverty as 75% think Liz Truss has no plan to end suffering

The warning comes as an exclusive Mirror poll shows voters don't believe Liz Truss has a plan to ease families' suffering

Daily Mirror

Think tank: millions more face absolute poverty amid terrifying fall in income

More than three million are expected to fall into absolute poverty in ‘worst two-year change on record’.

The Independent UK

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The Guardian - UK

Monday briefing: Five ways to tackle the energy bill crisis

In today’s newsletter: In the face of historic hikes, how do plans from key actors stack up?

The Independent UK

Boris Johnson says next PM will ‘plainly’ have to provide more cash for energy bills

Existing support payments ‘going to be augmented’ by sucessor, claims caretaker PM

Manchester Evening News

Annual energy bills to top £7,000 by spring next year, forecast predicts after latest price cap announcement

The energy price cap is now being reviewed every three months instead of every six

The Independent UK

‘Solidarity tax’ of 1% for all earners needed to raise more energy bill support, says think tank

Liz Truss and Rishi Sunak must ‘think the unthinkable’ and consider tax rise, says Resolution Foundation

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The Guardian - UK

Economists demand urgent action on energy bills to avert ‘catastrophe’

Millions of vulnerable people will be harmed without radical policies to ease cost of living crisis, say experts

The Guardian - UK

Soaring energy bills require pragmatism not political pipe dreams

Only the Resolution Foundation’s idea of a social tariff for low-income households would direct support where it’s most needed

The Independent UK

New PM should provide ‘radical’ energy support, says think tank

A social tariff could help millions through a painful winter, the Resolution Foundation said.

Evening Standard

The Leader podcast: Millions of workers suffer ‘biggest pay cut since 1977’

UK workforce hit with sharpest fall in wages on record

The Independent UK

Lowest income households hit hardest by soaring energy bills, says think-tank

The type of housing people live in will also play a big part in how much their costs increase, the Resolution Foundation said.

The Guardian - UK

Cost of living squeeze deepens as recession looms; Felixstowe port strike dates set – as it happened

Strike action will begin on 21st August after talks failed to produce a reasonable pay offer, says Unite union

Wales Online

When cost of living crisis will peak as experts say it is worse than expected

It had been hoped we would ride out the worst within the next few weeks

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