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The Latest Breaking News from Resolution Foundation

London mortgage bills may ‘rise by £8,000 a year’, warns think-tank

By early 2025, half of all mortgaged households, or 3.8 million, will see higher mortgage costs absorb at least five per cent of their net household income, the Resolution Foundation said

Evening Standard

Britain on course for staggering £26bn mortgage hike, think tank predicts

The forecast predicts that by the end of 2024 nearly a fifth of all British households will be spending more on their housing costs

Wales Online

Five million UK families ‘face mortgage rising by £5,100 a year by end of 2024’

Increase adds up to a £26bn rise for homeowners, says Resolution Foundation thinktank

The Guardian - UK

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Five million households face mortgage bills rising by thousands by end of 2024, experts warn

‘The living standards pain from rising interest rates will be widespread,’ says analyst

The Independent UK

Britain is on track for a £26bn mortgage hike, think tank predicts

The think tank said over five million households are set to see their annual mortgage payments rise by an average of £5,100 between now and 2024.

The Independent UK

Cutting benefits uprating could save UK Government £3bn but hit low income families with children hardest

The Resolution Foundation warns that three million households could lose more than £500 next year.

Daily Record

Poorer families risk £1,000 hit from earnings-related benefits rise

Below-inflation rise would save exchequer tenth of £40bn to be given out through tax cuts, says thinktank

The Guardian - UK

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Families with children ‘to be hit hardest if benefits are uprated by earnings’

Nine million households containing 30 million people will be affected if benefits rise in line with earnings, according to the Resolution Foundation.

The Independent UK

Benefits will hit lowest level in 40 YEARS if Liz Truss's cut goes ahead

The Resolution Foundation said real-terms benefits could be at their lowest level since the early 1980s - as ex-Chancellor Sajid Javid said a cut wouldn't be 'social justice'

Daily Mirror

Dithering Truss leaves families in benefit limbo as Kwarteng may need to cut £60BILLION

Lib Dem Wendy Chamberlain warned the failure of Prime Minister Liz Truss to make a decision on benefits meant "millions of people are left in a grim limbo" across Britain

Daily Mirror

A cut to benefits would batter millions of households – even Tory MPs can’t stomach it

Liz Truss’s threats of a real-terms cut would ramp up inequality and hamper her beloved growth, says Lalitha Try, a researcher at the Resolution Foundation

The Guardian - UK

Tory MPs plot to avert benefit squeeze after humiliating U-turns

Kwasi Kwarteng to bring forward fiscal statement to later this month amid disquiet in party over spending cuts hitting poorest

The Guardian - UK

‘Massive spending cuts will still be needed’ despite Chancellor’s U-turn

Think tank experts said the Government’s mini-budget plans will still leave the UK’s public finances on an unsustainable path.

The Independent UK

Solemn 'no cuts' promise Liz Truss made 3 months ago - that she's now set to break

This morning Chancellor Kwasi Kwarteng refused to rule out a return to Tory austerity after a humiliating tax U-turn - but in July Liz Truss unequivocally told The Mirror that her plans would not involve slashing services

Daily Mirror

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Daily Mirror

Iceland boss wants Universal Credit to rise £20 a week to help struggling Brits

Richard Walker told a fringe discussion at the Conservative Party Conference in Birmingham that Kwasi Kwarteng's mini-budget did not do enough to help those on low incomes, and called for the £20 Universal Credit uplift to be reinstated

The Independent UK

Government may consider benefits cut to help fund tax breaks for rich, economists warn

Huge ‘unforced error’ set to push Britain back to George Osborne-era cuts, says think tank

The National (Scotland)

Liz Truss's Tories plot return to austerity with 'no mandate whatsoever'

LIZ Truss has been told she has “no mandate whatsoever” to impose a new wave of austerity in order to fund her sweeping tax cuts for the rich.

Daily Mirror

Liz Truss faces mutiny from Tory MPs after plans to snatch £1,000 from hard-up families

Tories yesterday said it would be 'untenable' and 'unconscionable' for ministers to go back on a promise to increase benefit payments in line with inflation next year

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Wales Online

Universal Credit and other DWP benefits face real-terms cut next year

Experts say the move will cost the average family £1,000 a year

The Independent UK

Bombshell polls throw massive question mark over Liz Truss’s future as PM

Tory meltdown after ‘unforced error’ Budget gifts Keir Starmer leads of up to 33 points

The Independent UK

‘Return to austerity’: Almost £50bn of cuts needed to fund tax breaks for rich, economists warn

Huge ‘unforced error’ set to push Britain back to George Osborne-era cuts, says think tank

The Guardian - UK

Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election

Vote is there to be lost by Labour. How hard can it be to show party would do a better job on economy?

Evening Standard

Liz Truss kissing goodbye to Red Wall with tax cuts, MPs fear

The £35billion package included the abolition of the top rate of income tax, a cut in the basic rate, a reduction in stamp duty, the cancellation of the National Insurance increase and the scrapping of the rise in corporation tax from 19pc to 25pc

Chronicle Live

How homes in the South will gain three times as much than the North after UK tax cuts

Chancellor Kwasi Kwarteng unveiled his mini-Budget on Friday - in which he addressed tax cuts on Stamp Duty, which experts believe will only benefit those living in the South of the United Kingdom

The Guardian - UK

Red wall seats are being put at risk by ‘cavalier’ tax cuts, Liz Truss warned

Tories are nervous of the ‘song and dance’ about doing more for high earners and the shift away from levelling-up

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