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The Latest Breaking News from The Resolution Foundation

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

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

Wales Online

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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.

The Independent UK

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

Daily Mirror

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

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

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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.

The Independent UK

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.

Daily Record

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.

The Independent UK

Weak public investment an ‘institutional failure of the British state’ – report

A think tank has called for an end to political and fiscal incentives that harm public services and hinder economic growth.

The Independent UK

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Wales Online

The bleak economic stats showing how the value of your wages has plummeted

The gulf between typical household incomes in Germany and the UK is staggering, and there are reasons for that

The Guardian - UK

Decision on interest rate rise on knife-edge amid banking crisis fears

While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much

The Guardian - UK

Hunt’s pensions tax break expected to help ‘nearly as many bankers as doctors’

Head of Resolution Foundation says other measures to retain NHS staff could have offered better value for money

The Guardian - UK

UK workers £11,000 worse off after years of wage stagnation – thinktank

Resolution Foundation analysis suggests UK lagging behind similar economies such as Germany

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Wales Online

Workers £11,000 'worse off' due to stagnant wages

Research says workers would be better off if wages continued to increase like they did before the 2008 financial crash

Wales Online

DWP disability benefit changes could see surgery patients among 650,000 people losing support

There are big changes on the way which could see some fall through the cracks

The Guardian - UK

Jeremy Hunt battling to justify pensions giveaway to the top 1%

Move will have no impact on NHS retention of doctors, say economic thinktanks

The Guardian - UK

Jeremy Hunt’s budget is a tough sell – except to the top 1%

Pensions tax-break for very wealthy contrasts badly with huge increases faced by basic and higher rate taxpayers

The Independent UK

Budget 2023: UK faces ‘disastrous decade’ for living standards as households set to be £4,200 poorer

Economy in ‘deep funk’, warns think tank – attacking Jeremy Hunt’s ‘wasteful’ pensions tax break

Daily Mirror

Brits in midst of 'disastrous decade' for living standards after 13 years of Tory rule

A post-Budget analysis by the Resolution Foundation says household disposable incomes will still be lower in 2027-28 than before the Covid crisis while some Whitehall ministries face cuts of 10%

Daily Record

New DWP changes announced in Budget could see support for 650,000 people on benefits cut back

The welfare reforms aim to help more people claiming sickness and disability into work.

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