Real pay for UK workers has grown £16 a week since 2010, says think tank
UK workers have witnessed a prolonged pay squeeze that has left real average wages only £16 a week higher than...
archiveResolution Foundation
UK Debt Hangover Ties Next Government’s Hands, Whoever Wins
(Bloomberg) -- Whichever political party wins the UK general election on July 4, a massive debt hangover is in store,...
UK inflation highs saw Brits spending less and saving more
Official data next Wednesday is expected to show inflation returning to close to the Bank of England's 2% target for...
Biggest inflation shock in decades has turned UK into nation of savers – report
The cost-of-living shock has turned the UK from a nation of spenders into savers, according to a think tank.The “tumultuous...
UK employers plan 4% pay rises in coming year, survey shows
By Suban AbdullaLONDON (Reuters) - British employers expect to raise wages by 4% over the coming 12 months, a similar...
Rising mortgage rates in UK could affect 7.5M households
LONDON Around 7.5 million households in Britain are projected to see their repayments rise by 2026, with annual mortgage repayments projected to increase by £15.8 billion ($20.2 billion) by 2026 due to rising interest rates, a recent study conducted by the Resolution Foundation revealed. The research said it is now anticipated that interest rates will reach their peak in mid-2024, nearing 6%, indicating the likelihood of five additional quarter-point rate increases."Market expectations that interest rates are going to rise even higher, and stay higher for longer, are having a major effect on...
Government incentives to help people save money is in need of shake up, Resolution Foundation says
GOVERNMENT incentives to help people save need a shake-up so families can build resilience against financial shocks, a leading think tank urged today. The...
