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Strong rise in employment but pay rebound tailing off
Uncertainty over pay prospects in UK highlights differences with US ahead of possible rate rise by Fed Britain’s jobs market continues to show signs of tightening but real wage growth is falling back...
View Article26 percentage point gap between best and worst parts of the UK for BAME...
Closing sub-regional employment gaps central to reaching full employment and would mean 150,000 more ethnic minority people in work The employment gap between the best and worst performing sub-regions...
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Action needed to successfully implement National Living Wage in lower-paying...
Managing major increases in the legal wage floor will be a key first test of new devolved economic leadership arrangements Implementing the new National Living Wage will be toughest in lower-paying...
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National Living Wage to present bigger challenge in lower-paying areas such...
Nearly one-third of all employees working in Clackmannanshire and Dumfries and Galloway are set to benefit from the new National Living Wage by 2020, according to new analysis published today (Monday)...
View ArticleOver 400,000 households in London spend more than half their income on housing
One in four private renters across the capital are ‘housing pinched’ Around 430,000 households across London – containing 990,000 people – spend more than half of their income on housing costs,...
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Scotland has overturned English ‘pay premium’
Further employment gains and stronger productivity growth needed to maintain this advantage Scotland has overturned England’s longstanding ‘pay premium’, according to new analysis published today by...
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Pay slowdown set to continue
Risk that real pay could fall back below 2 per cent for first time since February 2015 Official figures published later this week are expected to show that average wages grew by 1.9-2 per cent in...
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Scotland on brink of finally closing its seven year long ‘jobs gap’
RF warns that stronger employment gains will be needed to boost future pay and living standards Scotland is just 9,000 jobs short of closing its post-crisis ‘jobs gap’ and returning to its mid-2008...
View ArticleJobs growth strengthening but pay recovery risks running out of steam
Welcome news on jobs has seen employment hit a new record high, but real pay growth has fallen to its lowest level since February 2015, the Resolution Foundation said today (Wednesday) in response to...
View ArticleScotland closes its ‘jobs gap’ as employment rate returns to pre-crisis high
Welcome news comes 15 months after England’s jobs growth recovered Scotland today closed its ‘jobs gap’ as the employment rate surpassed its mid-2008 level for the first time to hit 74.9 per cent, the...
View ArticlePost-crash interest rate cuts have reduced annual mortgage costs by over £22bn
Outlook for interest rates mean that a different response will be needed in the next downturn Cutting interest rates will have far less impact in the next downturn than the £22-4bn annual boost to...
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Owning a home set to become a pipe dream for young workers on modest incomes
Over-45s now account for three-quarters of all home owners The housing ladder is disappearing for most young working households on modest incomes. For this group home ownership is projected to be...
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Household incomes have finally surpassed previous peak
Pace of living standards recovery set to slow over this parliament, with many poorer households losing out altogether Typical household living standards have finally surpassed their previous peak...
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Welcome jobs boost but pay growth looks set to remain subdued
Employment growth continues to impress but a slowdown in productivity suggests that pay growth is set to remain subdued, the Resolution Foundation said today (Wednesday) in response to the latest ONS...
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Number of families in private rented sector has increased by almost a million...
The long-established decline in homeownership rates in England appeared to pause last year. However rates again fell among families with children, continuing a longer-term shift into the private...
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Productivity boost key to success of National Living Wage
Lack of knowledge of how to improve productivity may be a challenge, particularly among smaller firms The need to boost productivity in low-paying sectors and among small employers will be reinforced...
View ArticleFull employment drive can help over a million more over 50s into work
The government should target encouraging over one million more people over 50 into work by the end of the parliament as part of its full employment drive, the Resolution Foundation says today...
View ArticleOver five million more hours needed to tackle under-employment of current...
Tackling under-employment holds the key to getting more people into work as it will free up part-time roles for new entrants, according to new analysis published ahead of a major Resolution...
View ArticleGovernment must adopt a new “post crisis” approach to reach full employment
2.4 million more Britons in work is the prize for a bold new focus on boosting participation and helping people stay in employment A radical new “post crisis” approach to employment is needed to help...
View ArticlePension tax reforms could boost middle earners’ pension pots by 20 per cent
Substantial losses for high earners likely to be behind Chancellor’s pre-Budget postponement Radical pension reforms could significantly boost the pension savings of the majority of earners, but at...
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