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The Latest Breaking News from Resolution Foundation

Kwarteng accused of reckless mini-budget for the rich as pound plummets

Strategy of sweeping tax cuts gets hostile reception from markets and economic thinktanks, leaving some Tory MPs aghast

The Guardian - UK

All the ways mini-Budget hands thousands to the rich - and pennies to the poor

This is a Budget for the rich - with £1m earners getting £55,000 while £25k earners get £283. We take you through all the ways the Income Tax, National Insurance, Stamp Duty and other tax cuts help the better-off

Daily Mirror

Inflation dips slightly but experts warn cost-of-living crisis is not easing

The consensus across think tanks and economic networks is that this was "entirely driven by falling transport costs" as the prices of food…

The National (Scotland)

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Fears 'seven out of 10 pubs won't make the winter' without urgent support to combat energy cost crisis

Hospitality businesses 'sat in limbo' ahead of funding plan

Manchester Evening News

Truss plans ‘skew support’ to richest households, warns Resolution Foundation

There is a case for a ‘solidarity tax’ to recoup some of the cost from those who can pay more, said the think tank.

The Independent UK

Liz Truss plans to tackle cost of living 'will benefit rich households most'

The new Prime Minister last week announced that typical household energy bills will be limited to £2,500 per year until 2024.

Daily Record

Experts say rich will benefit more than poor from Liz Truss' energy bills freeze

They say it will still be a difficult winter for many

Wales Online

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Rich to get 'twice as much' support to help with cost-of-living, think tank claims

RICH households will receive twice as much support to help with the cost of living than poorer ones, a think tank has said.

The National (Scotland)

Richest households set to get 'twice as much help' as poorest next year, analysis warns

The Resolution Foundation think-tank also warns of 'nasty sting' in future taxes after prime minister rules out windfall tax to help fund energy bills intervention

Daily Mirror

Liz Truss energy and tax plan ‘will give richest families twice as much support’

Thinktank says richest tenth of UK households would receive £4,700 on average, and poorest tenth £2,200

The Guardian - UK

By rejecting a windfall tax, Truss has painted herself into a corner

The ‘handout’ of capped bills is not enough to buy off voters outraged at the excess profits of energy companies, says Guardian columnist Polly Toynbee

The Guardian - UK

Liz Truss’s rejection of windfall tax ‘to saddle UK with debt for decades’

Bill could be higher than cost of bank bailout after 2008 financial crash, expert warns

The Independent UK

Millions set to have £3,000 'wiped' from bank accounts amid cost of living crisis

Typical households are on course to see their real incomes fall by £3,000 over the next two years

Liverpool Echo

Millions of UK households set to face £3,000 drop in income as cost of living worsens

Experts are warning of the biggest fall in real pay in years

Nottingham Post

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Wales Online

Boris Johnson says his successor as prime minister will offer cost of living crisis support

He has piled pressure on the next person to take the office with his assurances that “substantial sums” will be provided

Nottingham Post

Boris Johnson says ‘substantial’ cost-of-living support to be provided by next PM

A 'further package' will be delivered ahead of winter

The Independent UK

Johnson: ‘Substantial’ cost-of-living support to be provided by next PM

The outgoing Prime Minister made the prediction as he confirmed support for a new nuclear project.

The National (Scotland)

Incoming PM will oversee 'biggest squeeze on living standards in 100 years'

“RADICAL policy action” is needed after a report found the next Tory prime minister is on course to preside over the deepest squeeze in living…

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The Guardian - UK

UK gas prices fall; growth fears hit markets; pound sinks below $1.16 amid living standards squeeze – business live

Energy prices fall in UK and Europe; Resolution Foundation warns three million more people could be pulled into absolute poverty

Manchester Evening News

Millions more face absolute poverty amid 'terrifying' fall in income, think tank warns

'The new Prime Minister also needs to improve Britain’s longer-term outlook'

Wales Online

Warning that 'millions will be plunged into absolute poverty' in 'terrifying' income fall

Disposable incomes are forecast to fall by 10% this year and next

The Guardian - UK

UK households’ spending power to drop by £3,000, warns thinktank

Resolution Foundation says rising energy bills will push extra 3 million people into poverty

The Independent UK

Biggest squeeze in living standards for a century as millions more face absolute poverty, think tank warns

Inflation to put three million more in poverty, warns Resolution Foundation

The Independent UK

Think tank: millions more face absolute poverty amid terrifying fall in income

More than three million are expected to fall into absolute poverty in ‘worst two-year change on record’.

Daily Mirror

3 million face absolute poverty as 75% think Liz Truss has no plan to end suffering

The warning comes as an exclusive Mirror poll shows voters don't believe Liz Truss has a plan to ease families' suffering

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