Worst yet to come for families struggling with cost of living, think tank warns After housing costs, the typical income for a working age family is set to drop by 3% in the year to the end of March. The Independent UK · Jan 9, 2023
UK only halfway through cost-of-living income squeeze - with worst to come The bleak analysis from the Resolution Foundation think tank suggests the typical household will see their disposable incomes fall by £2,100 over a two-year period Daily Mirror · Jan 9, 2023
Mortgage payers face squeeze in 2023 after UK interest rate rises Wealthy, older people who own home outright will avoid higher costs and benefit from better return on savings The Guardian - UK · Jan 8, 2023
Disabled people in UK unable to afford heating, food: Report Soaring inflation has forced disabled people already beset by lower incomes to cut back on essentials, study says. Al Jazeera · Jan 4, 2023
48% of disabled adults have had to cut back on energy use, think-tank finds Around two-fifths of people with a disability said they could not afford to keep their home warm, the Resolution Foundation said. The Independent UK · Jan 4, 2023
Cost of living warning to families as household incomes predicted to fall again this year The financial squeeze is set to make 2023 a ‘groundhog year’ for many families. Daily Record · Dec 30, 2022
'Groundhog year' as cost of living crisis set to continue Inflation may ease and interest rate rises peak lower than feared, but the cost-of-living crisis will deepen to make families suffer Wales Online · Dec 30, 2022
Families facing ‘groundhog year’ as financial squeeze continues – think-tank Family finances face a repeat of 2022’s squeeze as the cost-of-living crisis deepens, the Resolution Foundation has warned. The Independent UK · Dec 30, 2022
Families brace for 'groundhog year' as energy bills to soar by £900 and pay drops by 4% Think-tank the Resolution Foundation warned incomes are set to fall by 3.8% in its New Year outlook, while the typical household energy bill is set to rise to £2,450 from £1,550 Daily Mirror · Dec 30, 2022
50,000 parents could face higher tax rates of up to 96% – are you one of them? More families with children look set to face effective tax rates of between 80% and 96% due to the complicated and "colliding" rules of Universal Credit and Child Benefit Daily Mirror · Dec 29, 2022
Major review of taxes including child benefit for two million families is quietly axed Sources confirmed doomed Kwasi Kwarteng's Treasury review to make taxes 'better for families' is dead in the water under Rishi Sunak's leadership because events have overtaken it Daily Mirror · Dec 29, 2022
DWP Universal Credit and child benefit 'tax trap' could mean households pay up to '96% tax' Experts say 90,000 people are set to be caught out by 2030 Nottingham Post · Dec 29, 2022
The Observer view on fuel poverty measures freezing out poorest Britons New analysis reveals the least affluent need urgent government support this winter The Guardian - UK · Nov 27, 2022
The British people ‘just got a lot poorer’, says IFS thinktank UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement The Guardian - UK · Nov 18, 2022
The Guardian - UK · Nov 18, 2022 Hunt’s budget will mean 19 years of wage stagnation, warns thinktank Resolution Foundation says had wages grown at the same rate as before 2008, annual pay in 2027 would have been £15,000 a year higher
Daily Mirror · Nov 18, 2022 Worst-hit families will be hit with £2,000 energy bill rise as taxes soar, study finds New research by The Resolution Foundation also found that workers are £15,000 worse off a year on average because of an unprecedented wage downturn which will see salaries drop to 2008 levels for the next five years
Evening Standard · Nov 18, 2022 Jeremy Hunt slams Tory MPs attacking tax rises: ‘Nothing Conservative about ducking difficult decisions’ Chancellor hits back at MPs attacking his £24 billion of tax rises
Wales Online · Nov 18, 2022 Average families are now 3.7% worse off after Jeremy Hunt's autumn statement The hit to 'middle earners' is higher than it is for the wealthiest, who will be 3% worse off
Wales Online · Nov 18, 2022 Spending cuts may prove undeliverable, analysts warn Chancellor Chancellor's autumn statement criticised by some fellow Tory MPs as well as by the Resolution Foundation think tank
The Guardian - UK · Nov 17, 2022 Five charts that will shape the UK’s autumn statement Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades
Wales Online · Nov 16, 2022 What we can expect from Thursday’s autumn budget Tax rises, spending cuts and tightening of belts predicted ahead of Chancellor Jeremy Hunt's statement
The Independent UK · Nov 16, 2022 What can we expect from Thursday’s autumn budget? The autumn statement will mark an abrupt about-turn on Kwasi Kwarteng’s disastrous mini-budget.
The National (Scotland) · Nov 15, 2022 Chancellor told austerity is 'Tory political choice' as punishing Budget looms AUSTERITY is a “Tory political choice”, the Chancellor has been warned days before he unveils the UK Budget – which he has already hinted will…
The Independent UK · Nov 14, 2022 Sunak insists ‘fairness’ at the budget’s heart despite tax hikes ‘for all’ The PM sought to blame global challenges rather than Liz Truss for exacerbating the financial turmoil.
Daily Record · Nov 14, 2022 Rishi Sunak refuses to blame Liz Truss for looming tax hikes which will hit Scots Jeremy Hunt will deliver his autumn statement on Thursday and has already warned the public to expect tax rises.