The Latest Breaking News from Resolution Foundation

UK mortgage rates held steady today, as a new report shows that rising interest rates have reversed rise in household wealth

A ‘new normal’ of higher rates could end a wealth boom driving intergenerational inequality, the Resolution Foundation said.

Members in marginal seats fear Conservative party leaders have not understood the impact of rate rises

Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, the Resolution Foundation said.

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 it is not clear that politicians are prepared for another year of food price rises

Some of those in the lowest-income families have been skipping meals, the Resolution Foundation think tank report said.

Up to 2.6 million people aged 18-34 in damp, draughty and cramped living conditions, says thinktank

High inflation has pushed up the projected revenue take from the Government’s personal tax threshold freeze, the Resolution Foundation said.

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