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The Latest Breaking News from Resolution Foundation

Rachel Reeves spending review ‘set to be next big challenge’ for government as growth flatlines

Rachel Reeves has ordered a line-by-line review of spending, with departments ordered to find savings of 5 per cent of their budgets

The Independent UK

Reeves faces spending wrangles and a search for growth in 2025

Rachel Reeves faces an unenviable situation as the new year begins.

The Independent UK

Trump’s tariff plan would hit UK trade as hard as Brexit, think tank warns

The Resolution Foundation said small firms have seen their exports to the EU fall by a third, with 20,000 companies having stopped exporting to the continent altogether since Brexit

The Independent UK

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Trump tariffs could hit UK goods trade as hard as Brexit, says think tank

The Resolution Foundation urged the Government to pursue an EU-focused trade policy, despite the threat of tariffs from the US.

Evening Standard

Overhaul of official workforce data may take another two years, ONS admits

It said it is now ‘unlikely’ it will be able to introduce a revamped version of its Labour Force Survey in mid-2025.

The Independent UK

Wealth gap between younger and older households has shrunk – report

Much of the ‘wealth boom’ remains to be passed on down the generations in the form of inheritances and gifts, the Resolution Foundation said.

Evening Standard

ONS may have ‘lost’ a million workers from job figures since pandemic

Resolution Foundation says figures are ‘overly pessimistic’ as people in work are less likely to answer survey

The Guardian - UK

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Almost a million workers ‘lost’ by unreliable official data, claims think tank

The Resolution Foundation said the ONS has underestimated growth in employment by 930,000 workers since 2019.

Evening Standard

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Budget increased state spending by almost £70 billion per year funded by increased taxes and borrowing.

Evening Standard

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

Evening Standard

Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF

Rare intervention comes as Resolution Foundation says UK will remain ‘stagnation nation’ despite push to invest

The Guardian - UK

Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could affect wage growth for workers.

The Independent UK

Minimum wage to rise 6.7% as Chancellor plots path to ‘genuine living wage’

Wages will rise for 3.5 million workers, but the Low Pay Commission warned businesses were beginning to struggle with large increases.

Evening Standard

Staggering cost of Britain’s Brexit divorce revealed – and there’s billions more to pay EU

Exclusive: Starmer urged to reverse the damage done by Brexit by pursuing closer ties with Europe after vast costs of leaving bloc revealed

The Independent UK

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The Independent UK

Starmer has already ruled out biggest benefit to UK from his EU reset, think tank warns

PM has repeatedly talked up his push to rebuild ties with the bloc after years of acrimony under successive Tory governments

The Guardian - UK

Starmer urged to help households as energy bills rise by £149 a year

Resolution Foundation research shows 7.7m households likely to struggle to heat homes this winter

The Guardian - UK

Warning over rise in children on disability benefits in England and Wales

Resolution Foundation points to growth in claims for conditions such as autism and says adulthood brings financial cliff edge

The Independent UK

Rachel Reeves could raise £10bn in wealth taxes, Resolution Foundation says

The chancellor could find the cash to fund Labour’s plans for power, including inflation-busting pay hikes for public sector workers, by levying taxes on unearned wealth

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The Guardian - UK

Wealth taxes could raise £10bn to help plug Tory budget hole, say economists

Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap

The Guardian - UK

Labour told it will need to defeat ‘net-zero nimbys’ to decarbonise Britain

Opposition in wealthier areas is likely and overcoming it is essential, says Resolution Foundation

The Guardian - UK

Low wages under Tories have pushed 900,000 UK children into poverty, report finds

TUC says party has overseen ‘huge rise’ in poverty, as Resolution Foundation says average wages just £16 a week higher in real terms than in 2010

The Independent UK

Britain’s welfare bill to soar by £60bn over next four years as parties commit more money for pensioners

Pension commitments and a sickly population mean that by 2029 Britain’s welfare bill will be increasing by £20bn a year, analysis by Resolution Foundation predicts

The Guardian - UK

UK growth since 2010 has been lacklustre and largely driven by immigration, says report

Resolution Foundation report suggests parties are dodging the economic challenges facing the country

The Guardian - UK

UK faces £33bn hole in finances or return to austerity, thinktank says

Labour and the Conservatives want to reduce national debt, but Resolution Foundation says promises ‘detached from reality’

The Independent UK

Biggest inflation shock in decades has turned UK into nation of savers – report

Big changes in overall prices remain with us, even though inflation is easing, the Resolution Foundation said.

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