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The Latest Breaking News from The Resolution Foundation

Rachel Reeves, just tell voters why taxes must go up – and then do it

The Thatcherite notion of tax as wicked must be challenged in the upcoming budget. Target unearned wealth; explain that tax creates a decent society, says Guardian columnist Polly Toynbee

The Guardian - UK

Average UK worker would need to save 52 years of earnings to be wealthy

The average Brit would need to work for over half a century with no outgoings to move into the wealthiest bracket, according to analysts

The Independent UK

Lifetime of earnings not enough for UK workers to join wealthiest 10%, report says

Research finds it would take average worker saving all their earnings for 52 years to match wealth of richest 10th of society

The Guardian - UK

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Typical worker ‘would need to save over a lifetime’s earnings to become wealthy’

Who your parents are – rather than how hard you work – is increasingly shaping living standards over a lifetime, the Resolution Foundation said.

Evening Standard

Chancellor Rachel Reeves set to lift two-child benefit limit in November Budget

Chancellor fails to deny report she will make an announcement on the controversial policy in her Budget statement

Evening Standard

Homes must be built in ‘right’ parts of England to tackle shortages – think tank

Areas such as Greater Manchester and Birmingham with ‘huge productivity potential’ are key to economic growth, the Resolution Foundation said.

Evening Standard

New homes must be built in the ‘right’ areas to tackle shortages, Starmer told

A think tank says areas such as Greater Manchester and Birmingham have ‘huge productivity potential’

The Independent UK

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Reeves urged to take 2p off employee NI and add it to income tax in budget

Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income tax

The Guardian - UK

Rachel Reeves urged to put 2p on income tax and cut employee NI to meet fiscal rules

The Resolution Foundation said the move would create a level playing field and protect workers’ pay

Evening Standard

Cut national insurance and hike income tax to meet fiscal rules, think tank says

The Resolution Foundation said the move would create a level playing field and protect workers’ pay.

The Independent UK

Income tax hike of 2p to target pensioners and landlords would ‘level playing field’, think tank tells Reeves

Labour chancellor also facing calls to raise levies on lawyers, sugar, salt and longhaul flights in the Budget

The Independent UK

Tax rises in, two-child limit out: what Resolution Foundation’s boss is urging Reeves before budget

Pensions triple lock should also go, says Ruth Curtice, a former civil servant who says it’s ‘nice to be allowed to say what you think’

The Guardian - UK

Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

The Independent UK

Rise in energy prices leaves 1m UK households behind on bills

Energy debts have more than doubled in last 12 years, finds report, as Ofgem signals it will raise cap on bills

The Guardian - UK

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The National (Scotland)

UK unemployment to hit highest level since Covid, says think tank

Unemployment in the UK could soon hit the highest level seen since the Covid pandemic, according to a think tank ...

The Guardian - UK

Low-income and minority ethnic people in England most at risk from dangerously hot homes

Exclusive: Homes are heating up as summers get hotter but least well-off are shouldering greatest risk, study finds

Evening Standard

Disabled could be helped back into work with new right similar to maternity law

Despite ‘strong’ legal obligations in place already on employers, they are ‘simply not doing enough to retain existing workers’, a think tank said.

The Independent UK

New law could give disabled workers similar rights to those on maternity leave

A new right to reintegration for workers on sick leave will give them greater protections

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The Guardian - UK

To all who think capitalism can drive progressive change, it won’t – and here’s the shocking proof

Asset manager Aberdeen’s surprise cut to funding research into inequality has left those that used its grants for good work reeling, says Guardian columnist Polly Toynbee

The Independent UK

Starmer defends benefits U-turn and says fixing broken welfare system a ‘moral imperative’

Prime minister says he cannot let payments ‘become a snare for those who can and want to work’

The Independent UK

How Labour’s welfare bill will cut benefits

Keir Starmer’s U-turn has provided welcome relief to many disability benefit claimants – but cuts stay on the table

The Independent UK

Energy price cap scrap would save households hundreds, analysis finds

Those in the south could see bills rise under the proposed new system

The Independent UK

Living standards outlook for second half of 2020s is bleak, says think tank

The 2020s could be the first decade of the modern era to witness no improvement in disposable incomes, the Resolution Foundation said.

The Independent UK

Living standards ‘not likely to improve for at least five years’

The research suggests frozen tax thresholds and rising council tax are among the factors causing stagnation

The Independent UK

Younger workers in England face ‘place-based’ pay penalty, study warns

The study analysed earnings data spanning all early-career workers in England, covering more than 11 million individuals.

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