Resolution Foundation
Formation2005 (2005)
TypeThink tank
PurposeImprove outcomes for people on low and modest incomes.
HeadquartersLondon
Official language
English
Chief Executive
Torsten Bell
Revenue
£1,871,125 (2019)[1]
Expenses£1,756,236 (2019)[1]
Websiteresolutionfoundation.org

The Resolution Foundation is an independent[2] British think tank established in 2005. Its stated aim is to improve the standard of living of low-to-middle income families.[3][4]

Appointments

In June 2015, the former Conservative MP David Willetts took over as executive chairman.[5][6] At the same time, Torsten Bell, a former senior advisor to Ed Miliband, was appointed as the organisation's director to lead what the Foundation described as "an expanded programme of work".[3][7] As of November 2019, Willetts is president of the Foundation's Advisory Council and Intergenerational Centre, and Bell is chief executive.[8]

Prior to the appointment of Willetts and Bell, the organisation was led by a chief executive: Sue Regan from 2005 to 2010; Gavin Kelly from 2010 to 2015. Kelly then became the CEO of the Resolution Trust, which is the think tank's primary funder.[3]

Publications

The Foundation has hosted a number of major reviews, and the commission on Living Standards, chaired by Clive Cowdery, ran from 2011 to 2012.[9] The 'Resolution Foundation Review of the Future of the National Minimum Wage' in 2013 and 2014 was chaired by Sir George Bain, and set out proposals to strengthen the minimum wage.[10] This report was referenced by Chancellor George Osborne when the National Living Wage was announced in 2015.[11] The 'Intergenerational Commission' ran from 2016 to 2018, chaired by David Willetts.[12] This was succeeded by the 'Intergenerational Centre', which was established "as a home for analysis and policy thinking on living standards through a generational lens".[13]

In 2018, a Macroeconomic Policy Unit was established "with the aim of contributing to a more inclusive and better informed macroeconomic policy debate".[14] The Resolution Foundation produces some recurring research publications. These include annual 'Low Pay Britain' reports, an annual 'Living Standards Audit', an annual 'Living Standards Outlook', and a quarterly 'Earnings Outlook'. The Foundation also calculates the rates of the voluntary UK and London Living Wages each year, on behalf of the Living Wage Foundation and using the Minimum Income Standard.[15]

In March 2023, the Foundation shared research exclusively with BBC Panorama, which claimed that stalling wage growth since the 2008 financial crisis has left British workers £11,000 worse off a year.[16] The Foundation released a report in April 2023, titled 'Low Pay Britain 2023: Improving low-paid work through higher minimum standards', stating that "good work" is needed to combat economic decline in Britain.[17]

Funding

In the year ending 30 September 2014, its annual income was £1,135,828. The bulk of its funding comes from the Resolution Trust established by Clive Cowdery. It has been awarded an A rating for transparency by the Who Funds You? project.[18]

See also

References

  1. 1 2 "Resolution Foundation Annual Report" (PDF). Annual Reports. 6 May 2020.
  2. ↑ "Our mission • Resolution Foundation". Retrieved 4 December 2023.
  3. 1 2 3 "About us: Our mission". Resolution Foundation. Retrieved 30 March 2016.
  4. ↑ BBC Panorama (20 March 2023). "Stalling wage growth since 2008 costs £11,000 a year, says think tank". BBC.
  5. ↑ "About us: David Willetts". Resolution Foundation. Retrieved 30 March 2016.
  6. ↑ Fraser, Douglas (5 February 2016). "Tax rise plan 'could reduce cuts impact by a third'". BBC News. Retrieved 30 March 2016.
  7. ↑ Grice, Andrew (4 September 2015). "Ed Miliband's former head of policy appointed director of living standards think tank". The Independent. Retrieved 30 March 2016.
  8. ↑ "Our team". Resolution Foundation. Retrieved 14 November 2019.
  9. ↑ "Gaining from growth: The final report of the Commission on Living Standards". Resolution Foundation. 31 October 2012.
  10. ↑ "More than a minimum: The review of the minimum wage - Final report". Resolution Foundation. 12 March 2014.
  11. ↑ "Chancellor George Osborne's Summer Budget 2015 speech". GOV.UK. 8 July 2015.
  12. ↑ "A New Generational Contract: The final report of the Intergenerational Commission". Resolution Foundation. 8 May 2018.
  13. ↑ "Intergenerational Centre". Resolution Foundation.
  14. ↑ "Macroeconomic Policy Unit". Resolution Foundation.
  15. ↑ Nye Cominetti (11 November 2019). "Calculating a Living Wage for London and the rest of the UK". Resolution Foundation.
  16. ↑ BBC Panorama (20 March 2023). "Stalling wage growth since 2008 costs £11,000 a year, says think tank". BBC.
  17. ↑ "Low Pay Britain 2023". Resolution Foundation. 19 April 2023.
  18. ↑ "Who Funds You? Resolution Foundation".
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