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The Latest Breaking News from The Resolution Foundation

UK workers will be worse off in 2024 than in 2019, thinktank warns

Resolution Foundation predicts average Britons will be 4% poorer but better-off pensioners will be ‘big winners’

The Guardian - 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.

The Independent UK

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UK lost nearly four million days to strike action in past year, study reveals

New report lays bare squeeze facing workers as public sector job vacancies up by a third and real-terms pay plummets

The Independent UK

Nearly 4m fewer UK working days in past year due to strike action, study says

Resolution Foundation report says much of industrial action ‘fuelled’ by public sector workers’ anger over falls in real-terms pay

The Guardian - 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 Independent UK

Britons hit by biggest fall in wealth since Second World War

Spiralling interest rates have caused wealth to tumble by £2 trillion, says think tank – but says young people could still be ‘winners’ if house prices fall

The Independent UK

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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 Independent UK

UK Government's benefits system could send 1.8 million more into poverty

THE income gap between typical and poorer households could widen even further if the UK Government ploughs on with its regressive approach to…

The National (Scotland)

Rising productivity is not enough to help poorer households, says think tank

A focus on wages rather than equality could see 1.8 million more people fall into relative poverty, the Resolution Foundation has warned.

The Independent UK

Inflation hitting Scots hard as cost of food and fuel remain 'eye-wateringly high'

Experts warned Scots face "a miserable summer" of high inflation and higher interest rates.

Daily Record

Mortgage costs could rise by an average of £2,900 a year for 800,000 people

The Resolution Foundation predicts that the Bank of England's base interest rate could peak at nearly 6% by next year - currently, the base interest rate is 4.5%

Daily Mirror

Annual mortgage repayments set to rise by £2,900 on average, says think tank

Total annual mortgage repayments could rise by £15.8 billion by 2026, the Resolution Foundation said

Evening Standard

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.

The Independent UK

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Wales Online

185,000 18-24-year-olds not in work or school because of ill health

The 'worrying trend' has seen the number of young people 'inactive' due to ill health double

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.

Daily Mirror

Cost of living crisis to enter 'new phase' with food price 'shock' warning

Households will soon be paying an average of £1,000 more on food each year compared to before the Covid pandemic, experts fear - with lower-income families worst hit as they already buy budget products so can't select cheaper alternatives

The Independent UK

Spike in mortgage arrears and homes being repossessed as interest rates soar

Lenders stand ready to help anyone who might be concerned about their repayments, according to UK Finance, which released the figures

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The Independent UK

Jump in mortgage arrears and homes being repossessed

Lenders stand ready to help anyone who might be concerned about their repayments, according to UK Finance, which released the figures.

The Independent UK

More mortgage pain to come as some to pay £200 more a month, experts warn

The trend towards homeowners taking out longer fixed-rate mortgages has delayed the impact of rising interest rates on some households

The Independent UK

More mortgage pain to come for homeowners, says think tank

The trend towards homeowners taking out longer fixed-rate mortgages has delayed the impact of rising interest rates on some households.

The Independent UK

Younger people relying on ‘bank of mum and dad’ as cost of living soars – survey

Some of those in the lowest-income families have been skipping meals, the Resolution Foundation think tank report said.

The Independent UK

Frozen taxes set to raise £25bn by 2027-28, says think tank

High inflation has pushed up the projected revenue take from the Government’s personal tax threshold freeze, the Resolution Foundation said.

Daily Record

New National Minimum Wage rise starting this weekend set to give nearly two million workers pay boost

Hourly pay rates will rise to £10.42 for workers aged 23 and over from April 1.

The Independent UK

Living wage increase to benefit around 1.7 million workers

The lowest-paid workers are set to enjoy a ‘rare’ real-terms pay boost, says think tank.

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