Clamping down on disability benefits without a proper understanding of why the welfare bill is soaring is “risky in the extreme”, and may exacerbate poverty, a new report has warned.
Cutting taxes ahead of this year’s general election would only meet the government’s fiscal rule if some departments face a “fresh round of austerity”, which is unlikely given the state of public...
The rise of electric vehicles will leave a £10bn hole in UK public finances within a decade as fuel duty revenue dwindles, and the government faces calls to overhaul road taxes to make up for it.
The exodus of working-age people from their jobs since Covid-19 could be halted if the government takes action on pensions, childcare and widespread ill-health, but those who have already retired are...
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
The UK will need a job protection scheme to respond to the highest unemployment since the early 1990s, according to a report from think-tank the Resolution Foundation.
Public sector borrowing hit a record £62.1bn in April 2020, during the first full month of Covid-19 lockdown measures, according to the Office for National Statistics.
The number of people claiming unemployment benefit jumped to 2.1 million in April – the first full month of lockdown – according to data from the Office for National Statistics.
The UK government’s job retention scheme, aimed at saving jobs during the coronavirus pandemic, could cost up to three times the amount originally forecast, according to think-tank the Resolution...
The government has been urged to get Universal Credit ‘battle ready’ for an unemployment ‘crisis’, after nearly one million people applied to receive UC benefits in just two weeks.
Theresa May’s speech to the Conservative Party Conference yesterday showed more political will to bring a close to austerity rather than an actual end, writes Resolution Foundation director...
Council tax should be scrapped and replaced with a charge calculated using more up-to-date home values, a Resolution Foundation report out today has said.
Pensioners are £20 a week better off on average than people of working age, after a wave of affluent individuals reached retirement age, the Resolution Foundation has found.
