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The Latest Breaking News from Resolution Foundation

Richest households set to get 'twice as much help' as poorest next year, analysis warns

The Resolution Foundation think-tank also warns of 'nasty sting' in future taxes after prime minister rules out windfall tax to help fund energy bills intervention

Daily Mirror

Liz Truss energy and tax plan ‘will give richest families twice as much support’

Thinktank says richest tenth of UK households would receive £4,700 on average, and poorest tenth £2,200

The Guardian - UK

By rejecting a windfall tax, Truss has painted herself into a corner

The ‘handout’ of capped bills is not enough to buy off voters outraged at the excess profits of energy companies, says Guardian columnist Polly Toynbee

The Guardian - UK

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Liz Truss’s rejection of windfall tax ‘to saddle UK with debt for decades’

Bill could be higher than cost of bank bailout after 2008 financial crash, expert warns

The Independent UK

Millions set to have £3,000 'wiped' from bank accounts amid cost of living crisis

Typical households are on course to see their real incomes fall by £3,000 over the next two years

Liverpool Echo

Incoming UK prime minister Truss faces a country in crisis

London (AFP) - The UK's new prime minister, Liz Truss, takes power following a "summer of discontent" and as Britons tighten their belts in response to double-digit inflation and soaring energy costs.

AFP

Millions of UK households set to face £3,000 drop in income as cost of living worsens

Experts are warning of the biggest fall in real pay in years

Nottingham Post

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Boris Johnson says his successor as prime minister will offer cost of living crisis support

He has piled pressure on the next person to take the office with his assurances that “substantial sums” will be provided

Wales Online

Boris Johnson says ‘substantial’ cost-of-living support to be provided by next PM

A 'further package' will be delivered ahead of winter

Nottingham Post

Johnson: ‘Substantial’ cost-of-living support to be provided by next PM

The outgoing Prime Minister made the prediction as he confirmed support for a new nuclear project.

The Independent UK

Incoming PM will oversee 'biggest squeeze on living standards in 100 years'

“RADICAL policy action” is needed after a report found the next Tory prime minister is on course to preside over the deepest squeeze in living…

The National (Scotland)

UK gas prices fall; growth fears hit markets; pound sinks below $1.16 amid living standards squeeze – business live

Energy prices fall in UK and Europe; Resolution Foundation warns three million more people could be pulled into absolute poverty

The Guardian - UK

Millions more face absolute poverty amid 'terrifying' fall in income, think tank warns

'The new Prime Minister also needs to improve Britain’s longer-term outlook'

Manchester Evening News

Warning that 'millions will be plunged into absolute poverty' in 'terrifying' income fall

Disposable incomes are forecast to fall by 10% this year and next

Wales Online

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The Guardian - UK

UK households’ spending power to drop by £3,000, warns thinktank

Resolution Foundation says rising energy bills will push extra 3 million people into poverty

The Independent UK

Biggest squeeze in living standards for a century as millions more face absolute poverty, think tank warns

Inflation to put three million more in poverty, warns Resolution Foundation

Daily Mirror

3 million face absolute poverty as 75% think Liz Truss has no plan to end suffering

The warning comes as an exclusive Mirror poll shows voters don't believe Liz Truss has a plan to ease families' suffering

The Independent UK

Think tank: millions more face absolute poverty amid terrifying fall in income

More than three million are expected to fall into absolute poverty in ‘worst two-year change on record’.

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The Guardian - UK

Monday briefing: Five ways to tackle the energy bill crisis

In today’s newsletter: In the face of historic hikes, how do plans from key actors stack up?

The Independent UK

Boris Johnson says next PM will ‘plainly’ have to provide more cash for energy bills

Existing support payments ‘going to be augmented’ by sucessor, claims caretaker PM

Manchester Evening News

Annual energy bills to top £7,000 by spring next year, forecast predicts after latest price cap announcement

The energy price cap is now being reviewed every three months instead of every six

The Independent UK

‘Solidarity tax’ of 1% for all earners needed to raise more energy bill support, says think tank

Liz Truss and Rishi Sunak must ‘think the unthinkable’ and consider tax rise, says Resolution Foundation

The Guardian - UK

Economists demand urgent action on energy bills to avert ‘catastrophe’

Millions of vulnerable people will be harmed without radical policies to ease cost of living crisis, say experts

The Guardian - UK

Soaring energy bills require pragmatism not political pipe dreams

Only the Resolution Foundation’s idea of a social tariff for low-income households would direct support where it’s most needed

The Independent UK

New PM should provide ‘radical’ energy support, says think tank

A social tariff could help millions through a painful winter, the Resolution Foundation said.

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