The Latest Breaking News from Resolution Foundation

A mortgage timebomb is poised to detonate. Since the Bank of England raised interest rates from 0.1 per cent to 4.5 per cent, research by the Resolution Foundation think-tank suggests that just a third of mortgage holders have been impacted. But that will not last.

The head of the Resolution Foundation warned poorer households would end up eating less as food prices continue to rise.

Resolution Foundation says typical UK household income has fallen further behind Germany, with the gap at £4,000

Jeremy Hunt will reveal Spring Budget on 15 March as country battles soaring inflation, rising interest rates and high food prices

UK risks ending decade with worst labour participation rate since 2001 unless action taken, says thinktank

830,000 more adults have left the workforce since the start of the pandemic than have joined it

Struggling households will see average bills rise from £2,500 to £3,000 a year in the spring after the Tories decided to cut subsidy levels under the Energy Price Guarantee

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

In today’s newsletter: With almost 500,000 workers expected to walk out today and months of industrial action ahead, here’s a look at the scale of the issue and the impact of real pay cuts