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The Latest Breaking News from Resolution Foundation

Cost of living warning to families as household incomes predicted to fall again this year

The financial squeeze is set to make 2023 a ‘groundhog year’ for many families.

Daily Record

'Groundhog year' as cost of living crisis set to continue

Inflation may ease and interest rate rises peak lower than feared, but the cost-of-living crisis will deepen to make families suffer

Wales Online

Families facing ‘groundhog year’ as financial squeeze continues – think-tank

Family finances face a repeat of 2022’s squeeze as the cost-of-living crisis deepens, the Resolution Foundation has warned.

The Independent UK

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Families brace for 'groundhog year' as energy bills to soar by £900 and pay drops by 4%

Think-tank the Resolution Foundation warned incomes are set to fall by 3.8% in its New Year outlook, while the typical household energy bill is set to rise to £2,450 from £1,550

Daily Mirror

50,000 parents could face higher tax rates of up to 96% – are you one of them?

More families with children look set to face effective tax rates of between 80% and 96% due to the complicated and "colliding" rules of Universal Credit and Child Benefit

Daily Mirror

Major review of taxes including child benefit for two million families is quietly axed

Sources confirmed doomed Kwasi Kwarteng's Treasury review to make taxes 'better for families' is dead in the water under Rishi Sunak's leadership because events have overtaken it

Daily Mirror

DWP Universal Credit and child benefit 'tax trap' could mean households pay up to '96% tax'

Experts say 90,000 people are set to be caught out by 2030

Nottingham Post

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The Observer view on fuel poverty measures freezing out poorest Britons

New analysis reveals the least affluent need urgent government support this winter

The Guardian - UK

The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement

The Guardian - UK

Hunt’s budget will mean 19 years of wage stagnation, warns thinktank

Resolution Foundation says had wages grown at the same rate as before 2008, annual pay in 2027 would have been £15,000 a year higher

The Guardian - UK

Worst-hit families will be hit with £2,000 energy bill rise as taxes soar, study finds

New research by The Resolution Foundation also found that workers are £15,000 worse off a year on average because of an unprecedented wage downturn which will see salaries drop to 2008 levels for the next five years

Daily Mirror

Jeremy Hunt slams Tory MPs attacking tax rises: ‘Nothing Conservative about ducking difficult decisions’

Chancellor hits back at MPs attacking his £24 billion of tax rises

Evening Standard

Average families are now 3.7% worse off after Jeremy Hunt's autumn statement

The hit to 'middle earners' is higher than it is for the wealthiest, who will be 3% worse off

Wales Online

Spending cuts may prove undeliverable, analysts warn Chancellor

Chancellor's autumn statement criticised by some fellow Tory MPs as well as by the Resolution Foundation think tank

Wales Online

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The Guardian - UK

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

Wales Online

What we can expect from Thursday’s autumn budget

Tax rises, spending cuts and tightening of belts predicted ahead of Chancellor Jeremy Hunt's statement

The Independent UK

What can we expect from Thursday’s autumn budget?

The autumn statement will mark an abrupt about-turn on Kwasi Kwarteng’s disastrous mini-budget.

The National (Scotland)

Chancellor told austerity is 'Tory political choice' as punishing Budget looms

AUSTERITY is a “Tory political choice”, the Chancellor has been warned days before he unveils the UK Budget – which he has already hinted will…

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The Independent UK

Sunak insists ‘fairness’ at the budget’s heart despite tax hikes ‘for all’

The PM sought to blame global challenges rather than Liz Truss for exacerbating the financial turmoil.

Daily Record

Rishi Sunak refuses to blame Liz Truss for looming tax hikes which will hit Scots

Jeremy Hunt will deliver his autumn statement on Thursday and has already warned the public to expect tax rises.

The Independent UK

Young people will struggle most to pay rising energy bills, report says

However, the Resolution Foundation’s Intergenerational Audit concludes over-75s will spend 8% of their total household income on bills.

The Guardian - UK

Energy bills: older Britons will pay more but youngest will struggle most, report finds

Cost of living crisis affecting different generations in very different ways, says Resolution Foundation

Daily Mirror

Jeremy Hunt plots new age of austerity with sweeping cuts to police and buses

Rishi Sunak and Jeremy Hunt are meeting again today as they look at slashing public spending growth by up to £25bn a year from 2025 - while county councils plan to slash bus routes and libraries and turn off street lights at night

Birmingham Post

Autumn Statement: What to expect from Jeremy Hunt on tax rises, NI and cuts

We take a look at the facts so far and ask finance experts on what is likely to be announced.

Chronicle Live

Autumn Statement 2022 predictions: How will tax rises affect you and what will happen to the state pension?

What can we expect from the first major economic intervention from Jeremy Hunt and Rishi Sunak which is set for November 17.

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