Some personal news - it's my final day at @resfoundation.bsky.social, feeling very lucky to have worked with such a fantastic team, as well as excited to return to the civil service. I'll be going quiet on here - but keep following @feliciao.bsky.social for all things housing!

New ONS public finances data out this morning look grim for the Chancellor. These are key data for next week’s Spring Statement providing a last chance to look at the fiscal position before we get new forecasts. A thread…

Another quarter of grim homelessness statistics - with a record 126k households living in temporary accommodation by the end of September 2024, including 164k children. www.gov.uk/government/s...

Cara Pacitti has all you need to know on this morning’s public finances data here. A lot going on here but overall it wasn’t good news for the Chancellor despite a record monthly surplus.

🚨 New Public Sector Finances data released this morning 🚨 Despite a record surplus in January, the latest tax receipts have disappointed, leaving the Chancellor’s fiscal rules on a knife edge. Get the Resolution Foundation response here 👉 https://buff.ly/41oDyXm

Morning! New public sector finances data out today for January 2025, a key month for tax receipts just a month out from the OBR’s next forecast – with lots to worry about for the Chancellor. A thread…

Lets discuss what the latest data says about house prices! ONS figures show house price growth continues to tick upwards, reaching 4.6% in the year to Dec 24, compared to 3.9% in Nov 24.

The latest house price and rental price data are here! Lets start with what's going on with rents..

Ethnic minorities spend more of their incomes on housing, and get less in return. @camronaref.bsky.social explains what the data shows us ⤵️

Really important work being published tomorrow from my colleagues in the RF housing team - come and join us (or tune in online) for the launch event at 10am, with guest speakers Florence Eshalomi MP and Kwajo Tweneboa. www.resolutionfoundation.org/events/no-pl...

Our team have been doing some great work recently on how housing costs and conditions vary by ethnic minority status, and we are discussing it tomorrow, with Florence Eshalomi MP and campaigner Kwajo Tweneboa. Do join us for the event. www.resolutionfoundation.org/events/no-pl...

Have you ever wondered or been curious about how housing, ethnicity & affordability are linked in the UK? we have - so we investigated it. Our findings will be published in a report out tomorrow! Feel free to join our event tomorrow at 10am!👇🏿

Public sector finances data out this morning. Higher than expected borrowing will drive the headlines, but it's taxes that will matter most for affecting the OBR forecast. Those are on track this month, and only slightly down versus forecast so far this year.

What's going on with the public finances? Cara explains ⤵️

Morning! New public sector finances data out today for December 2024, three-quarters of the way through the fiscal year – with some scary headlines distracting from broadly benign news for the Chancellor (🧵 thread to follow…)

Let’s talk rents! Rental price growth continued to be strong, with ONS data showing an annual increase of 9% in the year to Dec 24, marginally lower than the 9.1% rise seen in the year to Nov 24.

New house price and rent data are out this morning – let’s explore the latest trends! Annual house price growth remains strong, with ONS data showing it reached 3.3% in the year to Nov 24, up from 3% in the year to Oct 24.

NEW - New RF research out today looking at how effective the government's proposed reforms to Right to Buy might be, and just how many £bns it might cost the Government to replenish the social housing stock (🧵 thread below…). TL;DR - it's going to take a lot of investment…

How should the Chancellor respond to recent movements in the gilt market? @emilyfry.bsky.social and @carapacitti.bsky.social suggest that though faced with bond market jitters, the Chancellor should hold course before making major fiscal decisions. Read more👉 https://buff.ly/4fPTi9H

How should the Chancellor respond to recent movements in the gilt market? While considerable uncertainty remains, the Chancellor is at risk of breaking her fiscal rules on 26 March. So what should she do? @emilyfry.bsky.social & @carapacitti.bsky.social discuss 5 options.

Should the Chancellor just do nothing? If the OBR's next forecast shows Rachel Reeves breaking her fiscal rules, might her best option be to weather the storm and wait for the Autumn 2025 Budget? @emilyfry.bsky.social & @carapacitti.bsky.social discuss👇 https://buff.ly/4fPTi9H

New planning framework out today - excitingly with some changes from the version the Government was consulting on over the summer (🧵thread below).

Courtesy of the English Private Landlord Survey out this morning - annual reminder that although there are landlords with Buy to Let mortgages that will be facing higher costs due to interest rate rises, over 40% of landlords have no borrowing of any kind on any of their properties.

New report out today from us at @resfoundation.bsky.social launching the Unsung Britain project, a 12 month project investigating the economic circumstances of low-to-middle income families. Here's some of the findings from the report:

So pleased this is finally out - the launch of a new project digging-deep into the lives and circumstances of low-to-middle income Britain, and how this group has changed in the last three decades. Threads to follow later today.

@resfoundation.bsky.social housing dream team here ....

The dust is settling on yesterday's budget - and it was definitely a big one. We've produced a (similarly big) briefing below with all the key stats - but some quick and only slightly sleep deprived thoughts on the fiscal side of things in this thread... www.resolutionfoundation.org/publications...

Quick thread on a few things we’ll be looking out for today:

Exciting news that the Chancellor is considering targeting a fall in 'public sector net financial liabilities' (PSNFL) rather than net debt as one of her fiscal rules... (🧵thread on what this actually means below!) www.theguardian.com/business/202...

Amid all the talk of "difficult decisions" to come in next week's Budget, here's a useful reminder of the impact of the two-child limit. This is Britain, in 2024. It's hard to think of another policy area where spending £2.5bn (the cost of scrapping the 2CL) would have such a direct impact.

Morning! New public sector finances data out today for September 2024, the final set before the budget – with persistent overspends illustrating the difficult choices facing the Chancellor (🧵thread to follow…)

Wondering what it's like to be Rachel Reeves at the upcoming Budget? Then try this new game that we (@resfoundation.bsky.social) have helped colleagues at the Financial Times to develop... 👏👏👏 ft.com/chancellor-game

With so much focus on public investment/debt rule, there is a slight risk that the scale of the challenge on day-to-day spending is understated in the current debate.

🚨 New research published today 🚨 Get RF analysis (from @emilyfry.bsky.social, @carapacitti.bsky.social and @jamessmithrf.bsky.social‬) on the tough decisions facing the Chancellor in the upcoming Budget ⤵️ https://buff.ly/4h23E8i

New @resfoundation.bsky.social piece on possible changes to the fiscal rules: www.resolutionfoundation.org/publications... Key point we make is new govt shd be using the fiscal rules as a vehicle for signalling its policy approach, not as as a wheeze to borrow more... (h/t @carapacitti.bsky.social)

Interesting line in the Chancellor's speech below: "And Conference, it is time that the Treasury moved on from just counting the costs of investments in our economy, to recognising the benefits too.” Some thoughts on what it could mean (🧵thread below...)

Morning! New public sector finances data out today for August 2024 – continuing the trend of much higher borrowing than expected by the OBR, driven by high government spending (🧵thread to follow…) ons.gov.uk/economy/gove...

The new Government’s post-election flurry of housing policy continues today, with the Renters’ Rights Bill introduced to Parliament – what’s in it, and what will it mean for renters? www.gov.uk/government/n...

Morning! New public sector finances data out today for July 2024 – with borrowing running above the OBR’s forecasts for the year, illustrating significant in-year spending pressures www.ons.gov.uk/economy/gove... (thread to follow if I can work out how to do that on Bluesky...)