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The Latest Breaking News from The Resolution Foundation

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

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)

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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

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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

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

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

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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.

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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.

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.

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

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

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