Markets

A depressing new report says 30% of UK millennials may never own a home

1 in 3 millennials may never own home, a report by the Resolution Foundation claims. As millennials begin having families, more children may be raised in insecure, privately rented accommodation. The government’s housing bill could balloon from £6.3 billion today to £16 billion by 2060, the think tank warned. The […]
A depressing new report says 30% of UK millennials may never own a home
Markets

These 5 charts show the state of pay and employment in Britain

Britain’s labour market has been the subject of much head-scratching in recent years. The country is at close to full employment – the point at which everyone who wants a job has a job – and yet, wages have been increasing slower than inflation has been rising and productivity growth […]
These 5 charts show the state of pay and employment in Britain
News

Britain’s workforce faces another year without a pay rise in 2018

Britain’s workforce faces another year without a pay rise. The Resolution Foundation expects zero growth in real wages over the course of 2018, as wage growth rises in line with inflation. That is an improvement on 2017 when pay growth was outstripped by rampant inflation caused by the fall in […]
Britain’s workforce faces another year without a pay rise in 2018
News

Agency workers are paid £400 million less a year than full-time counterparts

Agency workers are missing out on £400 million a year because they are paid less than their employee equivalents, the Resolution Foundation found. Agency workers were paid 23p less per hour than their employee equivalents, the report said. The report called on the government to reform the “loophole” that allows […]
Agency workers are paid £400 million less a year than full-time counterparts
News

The UK is on course for longest fall in living standards since records began

Stark new report shows the UK faces the lowest productivity growth since 1812. Resolution Foundation Budget analysis shows Britain is on course for the longest period of falling living standards since the 1950s. Treasury analysis finds poorest households will be hit hardest by long-term policy. LONDON – The United Kingdom […]
The UK is on course for longest fall in living standards since records began