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The Latest Breaking News from The Resolution Foundation

Raise Bank of England inflation target to 3%, says leading thinktank

Resolution Foundation also calls for Bank to have power to set below-zero interest rates in response to future downturns

The Guardian - UK

Britain needs economic and fiscal policy ‘reset’ to fight future crises – report

The Resolution Foundation is warning the UK is on course for debt to rise to around 140% of economic output over the next 50 years.

The Independent UK

Freezing working-age benefits could save £4 billion but come at ‘terrible cost’

A cash-freeze on Universal Credit and other benefits could plunge an additional 400,000 children into poverty, according to research.

The Independent UK

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Rishi Sunak ‘responsible for biggest income tax rise in at least 50 years’

Resolution Foundation analysis claims stealth move of freezing tax thresholds will raise £40bn a year

The Guardian - UK

UK set for biggest tax rise in at least 50 years with £40bn raid – analysis

The Resolution Foundation said taxpayers are set to pay £40 billion a year by 2028.

The Independent UK

UK economy hit by ‘renewed signs of stress’ as growth slows; pound at six-month low – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Great British slowdown has hamstrung our economy – thinktank

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The Guardian - UK

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Rishi Sunak’s leadership questioned as studies sow levelling up doubt

Two reports by influential think tanks have been critical of efforts to address regional inequalities.

The Independent UK

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

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

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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

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 National (Scotland)

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 Independent UK

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.

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Daily Record

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 Mirror

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%

Evening Standard

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

The Independent UK

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.

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

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