Resolution Foundation Events Podcast

Living standards in later life: Are auto-enrolled workers saving enough for their retirement?

One of the key goals of the Pensions Commission, published almost two decades ago, was to reform pension saving so that more people were encouraged to save enough for a decent income in retirement. The main policy recommendation of the Commission – auto-enrolment – has been rolled out and ramped up since then, and in doing so has completely transformed the savings landscape across Britain. But is it meeting the key goal of boosting pensions adequacy?
How much do people need to save for a decent income in retirement, and how does it vary across the income distribution? How have the pensions adequacy targets suggested by the Pensions Commission back in 2006 been affected by policy and economic changes since then – from taxes and the triple lock, to interest rates and annuities? Are people saving enough for their retirement now? And what does that mean for the new Government’s pensions review?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new research – funded by the People’s Pension – on pensions adequacy, we will hear from leading experts – including the Chair of the Pensions Commission Lord Turner – on whether auto-enrolment is delivering in terms of securing decent retirement incomes for workers, and where the policy might go next.
 

Rebooting Brexit: Opportunities and challenges from resetting UK-EU trade relations

Britain has left the EU almost five years ago, and the economic damage – particularly when it comes to trade – is now clear. The new Government has put resetting UK-EU relations at the heart of its growth mission. But the concrete actions announced so far are unlikely to make much difference. A far more ambitious approach to rebooting our trading relations will be needed to really shift the economic dial.
How much difference will reducing uncertainty make, compared to actively removing barriers to trade? Should the UK pursue closer regulatory alignment with the EU, and if so which sectors should be prioritised? What meaningful changes can be made within the UK protocol, and where might the UK need to rethink existing agreements? And how much is both economically and politically feasible?
The Resolution Foundation and UK in a Changing Europe are co-hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new Resolution Foundation research on UK-EU trade priorities, we will hear from leading experts on what reforms would have the most impact, and what the new UK government might be able to achieve.

Structurally Unsound: Social inequalities in the mid-2020s

The UK has made progress in addressing societal inequalities, but continues to be shaped by interlinked structural disparities. That includes those related to gender, race, class, sexuality, age and disability. Five years ago, the Resolution Foundation and UCL collaborated on a commission exploring the interactions between these inequalities. Since then, the UK has gone through significant challenges, including a pandemic and a cost-of-living crisis, so how have UK inequalities evolved?
How have disadvantaged groups been affected by recent economic shocks, and what structural barriers persist? How do the issues of health and disability – which have risen up the political and public policy agenda – interact with other inequalities? And how do structural inequalities fit into the new Government’s agenda, and what key policy challenges must they address?
The Resolution Foundation, in partnership with UCL, hosted a webinar to explore these important questions. After presenting the key findings from the Structurally Unsound report and new research on the changed landscape of structural inequalities in the UK, leading experts discuss how to tackle persistent societal inequalities. 
Speakers:
Alesha De Freitas, Head of Policy, Advocacy and Research at the Fawcett society
Imran Rasul, Professor of Economics at UCL
Olivia Stevenson, Deputy Director of Public Policy at UCL
Nye Cominetti, Research Director at the Resolution Foundation (Chair)

A build-up economic strategy: How much growth could the Government’s reforms deliver?

The past 15 years of economic stagnation has caused families’ living standards to flatline, and the new Government is right to put ‘kickstarting’ growth at the heart of its agenda. Already, Ministers have set out what many of their pro-growth reforms will be – from reforming planning rules to delivering 1.5 million homes, to setting up Great British Energy, devolving more power to City mayors, and creating a new deal for workers. Delivering these policies is a huge challenge in itself – but will they do enough to kickstart growth?
How big an effect can these reforms have on growth and productivity? How can policy makers ensure the biggest economic bang for their buck? Are there important pro-growth reforms that the Government is missing out on? And what might the combined, long-term effect of these reforms look like in terms of the size of the UK economy by the end of the decade?

Building Blocks: Can the Government hit its housing targets?

The new Government has set an ambitious target of delivering 1.5 million new homes over a five-year period – at a rate that hasn’t been achieved since the 1960s  – and has put planning reform at the heart of its agenda. But successive governments have aimed high, but delivered low, when it comes to housebuilding. Overcoming this record will require a lot of capital expenditure, in both political and cash terms.
What are the devils in the detail when it comes to getting controversial planning reforms right? What other interventions might be needed to enable firms to build new properties at scale? Where should new homes be built, and what role should social housing play? And how will future homeowners – and their neighbours – be affected by a successful housebuilding drive?

Taxed into a corner

The Chancellor has set the date for the first Budget of Labour’s Government – 30th October – and has emphasised the stark fiscal difficulties facing the country, even if she goes ahead with the £23 billion a year of future tax rises announced by her predecessor but not yet implemented. 
 
What can we expect on tax in the upcoming Budget? How will the Chancellor navigate tax policies that may be economically sound but politically challenging? 
 
Catch up on this Resolution Foundation event now. 

Making the ‘New Deal’ a good deal for low-paid workers

The Government has come into office promising major workplace reforms that could amount to the biggest shake-up of the workplace in a generation. The ‘New Deal for Working People’ pledged a number of reforms, including to unfair dismissal, sick pay, employment status, zero hours contracts, the minimum wage, as well as changes to how employment rights are enforced. And while many of these reforms affect all workers, low earners will be most affected as they are disproportionately likely to have insecure work contracts, receive statutory rather than occupational sick pay, and not receive basic legal entitlements such as paid holiday leave.
But, although the Government has set a clear direction of travel, there are many questions still unanswered. How will probationary periods be used – will protection against unfair dismissal really be a ‘day one’ right? Does announcing a cautious one-year minimum wage policy mean there are bigger changes still to come? How should possible trade-offs with employment be handled? What would be the impact of giving zero-hours contract workers a right to regular hours?

A brighter shade of grey? The current outlook for living standards

The last Parliament was truly awful for growth in household living standards. The combination of the pandemic and cost-of-living crisis left the country on course for the worst parliament for disposable income growth since the early 1950s. But while the possibility of future growth remains, it currently looks set to fall a long way short of the levels Britain experienced in the 1980s, 1990s and early 2000s.
What is the overall outlook for living standards over the parliament? From real wages, to employment, housing costs and tax and benefit changes, what is driving the outlook for disposable income growth? Which groups are most likely to receiving a living standards windfall, and who’s most at risk of further stagnation? And what can the new Government do to ‘beat the forecasts’ and secure strong living standards growth across Britain?