Independent British think tank on living standards
Burnham has vowed to reform England's social care system, promising to spend political capital to address a long-running crisis. He has faced questions on funding as he outlines pledges in his early weeks as prime minister.
Inflation has risen to 3.3% in March as fuel costs jump amid Middle East tensions. BoE is holding rates at 3.75% while weighing energy-price shocks and growth risks. NatWest reports first-quarter profit, while Santander completes TSB takeover; economists warn policy may tighten if energy shocks persist.
Devolved welfare policy shows regional differences in entitlements, with Scotland benefiting more from certain supports. England and Wales have lower access in some cases, while local council tax reductions vary by locality. Separately, SNAP benefits have shrunk as a new U.S. law raises work requirements and state cost responsibilities, impacting millions of beneficiaries.
The government has launched a youth jobs grant to hire 18- to 24-year-olds on universal credit for six months, offering firms £3,000 per recruit. The move aligns with a jobs guarantee and broader poverty-reduction efforts, while education and childcare supports expand. Roundtable discussions with hospitality leaders accompany the policy rollout.
A sweeping Timms review finds the Personal Independence Payment not fit for purpose and not serving disabled people or taxpayers well. Interim proposals call for bold reform while spending on the benefit continues to rise, driven largely by mental-health related claims.