All the updated news related to resolution foundation

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What could the looming benefits battle mean for households?

A political battle is looming over whether welfare payments will be increased next April in line with soaring inflation. Here is a look at what it could mean for households. – What is the controversy about? Prime Minister Liz Truss has said no ...

04 Oct 2022 at 13:00

Poorest families continue to be hardest hit by inflation, say experts

Poorer families will continue to be hardest hit by rising inflation as they spend more of their income on increasingly expensive food, analysis of new official data shows. The Resolution Foundation said that while inflation hit 10.1% in July, ...

17 Aug 2022 at 11:26

Personal Finance

Lowest income households hit hardest by soaring energy bills, says think-tank

Households on low incomes will have to reduce their spending power by three times as much as high income households in order to afford their energy bills this winter, according to a think-tank. The Resolution Foundation’s predictions were ...

14 Aug 2022 at 01:01

Retail sales lift but shoppers are making cutbacks in the long term – ONS

UK retail sales picked up in July but continued to show longer-term signs that consumers are making cutbacks to save money amid soaring inflation, according to official figures. Sales lifted by 0.3% in July, significantly higher than ...

19 Aug 2022 at 10:17

‘Only the very richest’ in Britain will see incomes grow, tax cut analysis says

The Chancellor’s huge package of personal tax cuts amid a cost-of-living crisis will do nothing to stop more than two million people falling below the poverty line, according to a think tank. Analysis of Kwasi Kwarteng’s fiscal ...

24 Sept 2022 at 06:00

Government should allow OBR’s economic forecast at mini-budget, MPs told

The Government should not announce major tax cuts without an independent economic forecast from the Office for Budget Responsibility, the head of a major economic think tank has warned. The Chancellor is set to announce tens ...

22 Sept 2022 at 20:13

Net zero could help communities lacking investment, think tank says

The Government’s plans to invest in a net-zero future could help “level up” the country and create opportunities in the north of England, a new report has claimed. The Resolution Foundation think tank said that the drive to ...

23 May 2022 at 01:01

Calls to bring support rises forward as Chancellor warns of economic ‘storm’

The Treasury has been called on to bring benefit and pension rises forward to help the nation’s most vulnerable, as the Chancellor warned of a “perfect storm” of supply shocks rocking Britain over the next few months. Karl ...

19 May 2022 at 06:56

No 10 denies blocking Treasury windfall tax to ease cost-of-living crisis

Downing Street has denied blocking the Treasury from imposing a windfall tax on oil and gas giants as the Chancellor faced mounting pressure to help ease the cost-of-living crisis with a new package of support. The Prime ...

19 May 2022 at 16:02

Sunak faces calls for swift action to address cost-of-living crisis

Chancellor Rishi Sunak is under mounting pressure from business leaders, charities and MPs from across the political spectrum to produce a package of support after inflation hit a 40-year high, with food and energy ...

19 May 2022 at 11:13

Lack of low-income support pushes 1.3 million into poverty, think tank says

The lack of support for low-income families in the Chancellor’s spring statement leaves more than one million Britons on the verge of “absolute poverty”, a think tank has said. Resolution Foundation, a living ...

24 Mar 2022 at 08:55

Sunak ‘anxious’ about cost of living but defends ‘substantial’ help

Rishi Sunak has been accused of “gaslighting” the country over the cost of living crisis as he repeatedly declined to rule out launching a bid to lead the Conservative Party. The Chancellor has defended the ...

25 Mar 2022 at 00:25

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