Resolution Foundation - careledger.co.uk

Unemployment Rises as Payroll Jobs Fall After Reeves Budget

Reeves under fire as policy reversals rack up £8.2bn cost

Rachel Reeves’s repeated policy U-turns have cost the public finances £8.2 billion, according to a new analysis that delivers the first full assessment of the government’s series of climbdowns. The Resolution Foundation said policy uncertainty remains stubbornly high despite Labour’s repeated promises to “restore stability” to economic decision-making. Using figures from the Office for Budget […]

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Pensioners, Low Earners Face Biggest Hit as Threshold Freeze May Extend to 2030

Millions on Under £35,000 to Lose Hundreds as Tax Threshold Freeze Takes Effect

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Millions of low and middle income workers are expected to lose hundreds of pounds in take home pay following Labour Chancellor Rachel Reeves’s decision to freeze income tax thresholds. New analysis from the Resolution Foundation suggests that people earning under £35,000 a year could see between £150 and £200 a year taken from their pay

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Minimum Wage Rise Set to Boost Young Workers, But Economists Warn of Job Risks

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Chancellor Rachel Reeves has confirmed a significant rise in the minimum and living wages, with workers aged 18 to 20 set to receive an 8.5 per cent pay increase from April. This will raise the minimum wage for this age group to £10.85 an hour. Meanwhile, school-aged workers between 16 and 17 and apprentices will

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Resolution Foundation: £20bn tax rises needed to stabilise UK finances

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The Chancellor should protect workers’ take-home pay while levelling the tax system, including a 2p cut in employee National Insurance (NI) funded by a 2p rise in Income Tax (IT) according to major new research from the Resolution Foundation. The think tank says the shift would raise £6 billion in a Budget expected to require

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