@resolutionfoundation.org
The Resolution Foundation is an independent think-tank dedicated to lifting living standards in the UK.
@resolutionfoundation.orgThe rate of price rises is starting to increase again, driven by the rising cost of energy. This is coming at a time when families are already struggling with the high cost of essentials from earlier periods of inflation.
@resolutionfoundation.org🚨 Join us tomorrow as we review the Chancellor's options in the Autumn Budget.
Healey faces a tough balancing act between funding Burnham's policy ambitions, supporting families through another tough winter, and reassuring markets.
Tickets ➡️ buff.ly/eMUW13M
@resolutionfoundation.orgThe UK has experienced the equivalent of 13 years’ worth of ‘normal’ inflation in five years.
And the UK has been hit harder by the cost of living crisis than elsewhere.
Read more ⬇️ buff.ly/QbGKuKU
@resolutionfoundation.orgThere's good news & bad news on food prices.
Food-price inflation has fallen since the outbreak of conflict in the Middle East.
But higher energy prices will eventually feed through into higher food prices: we estimate that it takes around a year for this impact to peak.
@resolutionfoundation.orgWith more people entering retirement while living in the private rented sector, we may soon see "a different sort of multigenerational living", according to Claer Barratt.
In the latest episode of High Resolution, we tackle the triple lock. Listen here ⤵️ buff.ly/GrmapUw
@resolutionfoundation.orgPrivate renters on housing support already go without essentials.
Last year, six-in-ten (58 per cent) working-age adults in private-renting families on housing support could not afford basic items
@resolutionfoundation.orgThe evidence is clear: countries with lower NEET rates than the UK get there almost entirely through higher rates of post-18 education. In these countries, more young people stay in education for longer and often combine it with work.
@resolutionfoundation.orgThe UK raises more from property taxes than any other OECD country.
3.7% of GDP in 2023, against an OECD average of 2% 📈 ⤵️
But we raise that money badly. Find out how to put England's broken housing taxes on firmer foundations. buff.ly/SAUyopI
@resolutionfoundation.orgEnergy prices are set to rise this month and there's a risk they will rise by a significant amount in January.
To manage any big bill spikes the government should look at targeted energy discounts that reach people who need them most 👇 buff.ly/Rh86oQF
@resolutionfoundation.orgEnergy bills are forecast to jump again in early 2027.
The latest forecasts for the Q1 2027 Price Cap are set to be 16% higher, closing in on highs faced by families when prices were capped in 2022 and 2023.
Read our latest research on the cost of living➡️ buff.ly/QbGKuKU
@resolutionfoundation.org🚨 New event: Join us on Tuesday as we review the Chancellor's options in the Autumn Budget.
Healey faces a tough balancing act between funding Burnham's policy ambitions, supporting families through another tough winter, while also reassuring the markets in his Budget.
Tickets ➡️ buff.ly/eMUW13M
@resolutionfoundation.orgThe UK has experienced the equivalent of 13 years’ worth of ‘normal’ inflation in five years.
And the UK has been hit harder by the cost of living crisis than elsewhere.
Read more ⬇️
buff.ly/QbGKuKU
@resolutionfoundation.orgReform to England's housing taxes is long overdue.
In our recent Substack, RF Senior Economist Hannah Aldridge makes the case for fixing Council Tax ⬇️
@resolutionfoundation.orgUnder the current incarnation of the triple lock, State Pension spending accounts for nearly half the projected increase in social security spending by 2029-30
@resolutionfoundation.orgBeing behind on priority bills is spreading up the income distribution.
Since the pandemic, there has been a rise in the number of families in arrears on ‘priority’ bills (energy, water, Council Tax, rent and similar).
Read more 👇️
buff.ly/QbGKuKU
@resolutionfoundation.orgA combination of poor design and neglect has left residential property taxes a mess.
The current system creates both huge variation in who faces the biggest tax burden and a falling tax rate as the value of a property rises 👇
@resolutionfoundation.orgThere's good news & bad news on food prices.
Food-price inflation has fallen since the outbreak of conflict in the Middle East.
But higher energy prices will eventually feed through into higher food prices: we estimate that it takes around a year for this impact to peak.
@resolutionfoundation.orgGood news on the economy? 👀
New ONS estimates imply much faster productivity growth since the financial crisis 👇 buff.ly/zvAuM4g
@resolutionfoundation.orgCrowd-pleasing cost of living measures risk being self-defeating
Read our substack on the potential pitfalls of blanket cost of living support at a time of high borrowing costs and pacey price rises 👇️ buff.ly/yAb71H9
@resolutionfoundation.orgDuring the 2022 gas crisis, energy use fell everywhere across England and Wales as people tried to reduce their bills. But there are lots of regional variations: areas in Wales and the north of England cut back more on gas, while more rural regions seem to have economised most on electricity.
