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.
The West of England City region has enjoyed a strong economic recovery, however gains are at risk of being offset by rising rents and house prices, according to the Resolution Foundation.
Income inequality fell to its lowest level since 1986 at the end of the last financial year, the Resolution Foundation noted as latest disposable income data was published.
Chancellor Philip Hammond faces a sharp deterioration in the public finances in his Autumn Statement, but could still increase investment if he delivers his promised fiscal ‘reset’, the...
Universal credit, which amalgamates six welfare benefits, still has cross-party support, despite being beset by delays and fears that it will fail to meet its main objective of encouraging people to...
Home ownership in England has fallen to a level last seen in 1986 thanks to rising housing costs and static wages, an analysis by the Resolution Foundation has found.
