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YOU WONT BELIEVE: 4 | Mind Blowing Facts

UK facing ‘elevated’ recession risks as new orders fall; Nissan’s EV boost in Sunderland; Turkey hikes rates – as it happened

Latest PMI survey shows a marginal return to growth for UK companies, but falling orders raises recession risk

The Guardian - UK

Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity

The Guardian - UK

Despite what Whoopi Goldberg thinks, millennials really are worse off than previous generations, new research shows

Millennials might become the first generation to fare worse economically than their parents, new research shows.

Fortune

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UK millennials ‘still wearing economic scars of 2008 financial crisis’

Those now aged in their early 30s have experienced over two decades’ worth of lost progress on pay, research has found.

The Independent UK

Interest rate rises caused sharp drop in UK household wealth, report finds

Resolution Foundation says higher interest rates have led to a fall in house prices and pension pots

The Guardian - UK

Britain needs economic and fiscal policy ‘reset’ to fight future crises – report

The Resolution Foundation is warning the UK is on course for debt to rise to around 140% of economic output over the next 50 years.

The Independent UK

UK economy hit by ‘renewed signs of stress’ as growth slows; pound at six-month low – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Great British slowdown has hamstrung our economy – thinktank

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The Guardian - UK

Run-up to general election marked by income stagnation, says think-tank

The current parliamentary term is on track to be the worst for living standards growth since at least the 1950s, the Resolution Foundation said.

The Independent UK

A third of English homes are risk of overheating in the future, analysts say

Smaller, overcrowded or urban houses are more susceptible to heat and more likely to be inhabited by poorer families, the Resolution Foundation said.

The Independent UK

Nearly four million working days lost to strikes in past year, says think tank

A real-terms fall in pay has fuelled many of the strikes, the Resolution Foundation said.

The Independent UK

UK mortgage rates stabilise for first time since May; Rising interest rates knock £2.1tn off household wealth – as it happened

UK mortgage rates held steady today, as a new report shows that rising interest rates have reversed rise in household wealth

The Guardian - UK

Younger people could emerge as winners from rising interest rates – report

A ‘new normal’ of higher rates could end a wealth boom driving intergenerational inequality, the Resolution Foundation said.

The Independent UK

Mortgage ‘catastrophe’ will lose us the election, warn Tory MPs

Members in marginal seats fear Conservative party leaders have not understood the impact of rate rises

The Guardian - UK

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The Independent UK

Mortgage crunch ‘on track to increase annual household bills by £15.8bn by 2026’

Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, the Resolution Foundation said.

Evening Standard

OPINION - The Standard View: A mortgage time bomb is poised to detonate over London

A mortgage timebomb is poised to detonate. Since the Bank of England raised interest rates from 0.1 per cent to 4.5 per cent, research by the Resolution Foundation think-tank suggests that just a third of mortgage holders have been impacted. But that will not last.

The Independent UK

Price of food to replace energy as biggest cost-of-living problem – think tank

The head of the Resolution Foundation warned poorer households would end up eating less as food prices continue to rise.

The Guardian - UK

Food prices will soon overtake energy in driving UK inflation, report predicts

Resolution Foundation says it is not clear that politicians are prepared for another year of food price rises

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The Independent UK

Younger people relying on ‘bank of mum and dad’ as cost of living soars – survey

Some of those in the lowest-income families have been skipping meals, the Resolution Foundation think tank report said.

The Guardian - UK

Millions of young adults living in poor quality housing, UK study shows

Up to 2.6 million people aged 18-34 in damp, draughty and cramped living conditions, says thinktank

The Independent UK

Frozen taxes set to raise £25bn by 2027-28, says think tank

High inflation has pushed up the projected revenue take from the Government’s personal tax threshold freeze, the Resolution Foundation said.

The Independent UK

British workers ‘£11,000 worse off a year’ as wages fail to keep up with costs

Resolution Foundation says typical UK household income has fallen further behind Germany, with the gap at £4,000

The Independent UK

Budget ‘could bring disability benefit reform to push people back to work’

Jeremy Hunt will reveal Spring Budget on 15 March as country battles soaring inflation, rising interest rates and high food prices

The Guardian - UK

Chancellor urged to reform childcare and stop urging over-50s to unretire

UK risks ending decade with worst labour participation rate since 2001 unless action taken, says thinktank

The Independent UK

Mothers, older workers and disabled people hold the key to getting Britain back to work, think tank argues

830,000 more adults have left the workforce since the start of the pandemic than have joined it

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