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The Latest Breaking News from The Resolution Foundation

Working age households predicted to be £400 worse off on average in year ahead

Households face a ‘triple hit’ from tax, utility bill increases, and benefits failing to keep up with living costs, the Resolution Foundation said.

Evening Standard

Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year

The Independent UK

Reeves’s statement will leave poorest £500 a year worse off, thinktank finds

Resolution Foundation says ‘outlook for living standards remains bleak’ after chancellor’s cuts to welfare

The Guardian - UK

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Carmaker shares slide after Trump’s 25% tariff; British Steel proposes closing Scunthorpe blast furnaces – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Think tank forecasts lower-income households to be £500 a year worse off by 2030

Rachel Reeves has received criticism from unions and political opponents after she cut welfare and squeezed Whitehall budgets in her spring statement.

The Independent UK

Reeves vows not to shy away from economic challenges amid statement criticism

The Chancellor warned there would be ‘no quick solutions’ to fix Britain’s financial woes.

Evening Standard

UK Is Finally Updating Their Child Benefit Policies: Here's What You Should Know

The UK government is exploring updates to its Child Benefit policy, aiming to lessen the impact of the current two-child limit without full removal due to cost.

International Business Times UK

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UK Government warned not to 'push more families into hardship', at poverty summit

THE UK Government has been warned not to “push even more families into hardship” by imposing austerity cuts, ahead of a poverty summit at…

The National (Scotland)

Starmer told there is ‘nothing moral’ about his £5bn welfare cuts

Veteran Labour MP Diane Abbott challenged Sir Keir Starmer over the reforms at Prime Minister’s Questions.

Evening Standard

Who is Torsten Bell? The DWP minister who admitted he can't live on £70 per week

TORSTEN Bell is the Labour MP for Swansea West and the Minister for Pensions in the Department for Work and Pensions.

The National (Scotland)

Minister insists ‘most people’ see need for welfare reform in face of backlash

The Resolution Foundation said some people will feel a ‘really significant income loss’ as a result of the changes.

Evening Standard

Chancellor should raise taxes not cut spending to meet fiscal rules – think tank

Rachel Reeves faces a challenge to meet her fiscal rules amid faltering growth and higher borrowing costs.

The Independent UK

Starmer to drive through welfare cuts that could affect UK’s most severely disabled

PM faces backlash over plans to tighten eligibility, potentially leaving over 600,000 claimants £675 a month worse off

The Guardian - UK

Parents of under-fives may be exempted from UK’s two-child benefit limit

Exclusive: Ministers considering options to bring down child poverty without removing rule entirely

The Guardian - UK

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The National (Scotland)

Labour to plunge record number of children into poverty, think tank warns

LABOUR’S proposed benefits cuts will take child poverty to levels not seen for nearly 30 years, experts have warned.

The Independent UK

Credible child poverty strategy must see two-child limit axed, says think tank

The Resolution Foundation warned the Government: ‘It’s time to move on from warm words and start cutting child poverty.’

The Independent UK

Starmer warned child poverty will hit all-time high if two-child benefit cap not scrapped

The prime minister has been urged to rethink the Tory-era benefit cap after the Resolution Foundation said his strategy to tackle child poverty will lack credibility if it remains in place

Evening Standard

Analysis shows nine in 10 areas facing maximum council tax rise in England

Just 15 councils are planning increases below 4.99%.

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The Independent UK

Council tax map: Find out how much your tax will rise as nine in 10 areas face maximum increase

Just 15 councils are planning increases below 4.99 per cent

The Guardian - UK

Poorest UK households pay rising share of income on council tax, study finds

Resolution Foundation report says failure to reform has ‘slowly recreated the issues that undid the poll tax’

The Guardian - UK

Solar panels could cut fuel-poor UK families’ energy bills by 24%, says study

Call for means-tested grants or loans to cover upfront costs that prevent poorer households from benefiting

The Independent UK

Ethnic minority families spend more on housing but live in worse conditions, report says

The report found Arab and Black adults were ‘at the sharp end of Britain’s housing crisis’

The Independent UK

Migrant labour needed to solve UK housing crisis, construction industry warns

The National Federation of Builders say Labour’s goals are unachievable because there is a shortage of more than 200,000 construction workers in UK

The National (Scotland)

UK residents are much poorer than those in Europe. Is independence the answer?

PEOPLE living in the UK are 39 worse off than those in neighbouring countries, a think tank found this week – and campaigners argue independence…

Evening Standard

Who is Torsten Bell? The new pensions minister pegged as Britain's future chancellor

From being one half of Britain’s most influential political twin duo, to his role in the infamous ‘EdStone’, Emma Loffhagen reports on Torsten Bell, the former think tank director promoted to pensions minister

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