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Resolution Foundation Profile picture
@resfoundation
May 24, 2023 • 6 tweets • 8 min read • Read on X
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Speaking at our event @DAcemogluMIT says history tells us that there is nothing automatic about technological progress leading to rising shared prosperity. Other forces are need to shape the change we want to see. resolutionfoundation.org/events/shaping… Image
@DAcemogluMIT We (@DrDaronAcemoglu & @baselinescene ) don't have the answers to how we can shape the AI revolution (and don't believe anyone who says they do). But we do know that workers need a voice in shaping the revolution if its to deliver shared prosperity.... Image
@DAcemogluMIT @DrDaronAcemoglu @baselinescene Speaking at our #PowerAndProgress event @DianeCoyle1859 says that are too many examples of where innovation is not serving society well - from food supply to pharmaceuticals. We're our 21st century equivalent of the refrigerator, she asks... Image
@DAcemogluMIT @DrDaronAcemoglu @baselinescene @DianeCoyle1859 On breaking up big tech, @DianeCoyle1859 says that she was proud of the @CMAgovUK for ruling against Microsoft's attempted acquisition of Activision Blizzard. Our regulators need teeth, and the courage to take on powerful firms if it's in the public interest. Image
@DAcemogluMIT @DrDaronAcemoglu @baselinescene @DianeCoyle1859 @CMAgovUK Time for our first Slido poll.

What’s the best way to ensure that the AI revolution brings benefits to workers, and not just firms?

1 Tough regulation of big tech
2 Directly subsidising worker-friendly technologies
3 Stronger worker power
4 None: policy efforts will backfire Image
@DAcemogluMIT @DrDaronAcemoglu @baselinescene @DianeCoyle1859 @CMAgovUK You can vote or watch our #PowerAndProgres event with @DAcemogluMIT live here resolutionfoundation.org/events/shaping…

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More from @resfoundation

Resolution Foundation Profile picture
May 8
Since 1997 earnings have doubled, while house prices have increased *4.5 times*.

Our Research Director Lindsay Judge spoke to @BBCr4today this morning about the state of British housing 🏡🧵
Our current housing crisis is decades in the making.

The UK is not alone in considering itself in the midst of a crisis, but our cramped and ageing housing offers the worst value for money of any advanced economy.
Looking at 'imputed rents' of homeowners as well as actual rents, we spend more on housing than almost every other rich country.

💸 what's making our homes so pricey? 💸 Chart showing Actual and imputed rents as a proportion of total consumption: OECD countries, 2019
Read 7 tweets
Resolution Foundation Profile picture
Mar 7
Back for more? - the Resolution Foundation overnight analysis of the 2024 Spring Budget is out now!



To whet your appetite ahead of reading the full report, here's a six-chart thread with a few of the key highlights....
⬇️⬇️⬇️resolutionfoundation.org/publications/b…
1) Filling out the tax sandwich.

A net tax cut of £9 billion is taking effect in the election year. But this is dwarfed by the estimated £27 billion of tax rises that came into effect last year (2023-24) and the £19 billion that are coming in after the election (2025-27). Image
2) Shifting state support from the rich to the poor.

RF analysis of all major tax and benefit policies announced in this parliament show finds that typical households are set to gain £420 a year on average, while the poorest fifth gain £840 and the richest fifth lose £1,500. Image
Read 8 tweets
Resolution Foundation Profile picture
Feb 26
Kicking off our event @_louisemurphy says that Britain has a youth mental health crisis. One-in-three 18-24-year-olds report having a common mental disorder, rising two-in-five young women. Image
This is having real-world impacts.

On health, more than half a million 18-24-year-olds were prescribed anti-depressants in 2021-22. Image
And on the labour market, people in their early 20s are now more likely to be economically inactive due to ill-health than those in their early 40s. This is a big shift over the past 25 years... Image
Read 12 tweets
Resolution Foundation Profile picture
Nov 23, 2023
The chancellor has gone for broke on pre-election giveaways. Meanwhile, households are broke, after getting £1,900 poorer over the course of this parliament.

🚨 Full RF analysis of yesterday’s #AutumnStatement is out now. A thread… 🧵⤵️ resolutionfoundation.org/publications/a…
Graphic with quote from Torsten Bell: “Jeremy Hunt yesterday got his pre-election giveaways in early, with an Autumn Statement offering tax cuts today, at the price of implausible spending cuts tomorrow. Well-targeted specifics, addressing problems such as our tax system’s bias against working-age earnings or benefit system’s failure to keep pace with fast rising rents, were juxtaposed with far less well-designed big picture fiscal choices. Tax cutting rhetoric clashed with tax rising reality, and positive steps to encourage business investment combined with a growth sapping hit to public i...
Key takeaways to remember ⤵️

💸 Pre-election tax-cuts today rest on implausible spending cuts tomorrow

💼Well-targeted policies to address tax system bias were welcome

✋As are steps to encourage business investment (but undercut by deeper cuts to public investment)
First up, some of the pain has been delayed.

The @OBR_UK shifted slow economic growth into the future.

The UK economy was more resilient than expected this year (growth revised ⬆️from -0.2% to 0.6%), but things look worse next year (growth revised ⬇️from 1.8% to 0.7%). chart showing Forecasts for real GDP growth, in November 2023 (left panel) and March 2023 (right panel): UK
Read 20 tweets
Resolution Foundation Profile picture
Nov 1, 2023
Speaking at our event, Mary Starks of @FlintGlobal highlights the centrality of moderning our power and water infrastructure for our net zero transition. Regulators will play a key role in driving these changes (and will inevitably be unpopular for doing it!) Image
Mary highlights a key challenge - we know we need to invest a LOT to modernise our infrastructure. But we don't know what investments will actuallly pay off. That's a key challenge for both investors and policy makers... Image
Another big infrastrucuture challenge - persuading investors that projects will pay off over a 30-50 year period, and won't be pushed off course by electoral cycles. This is a big task for regulators overseeing these projects, and is getting harder as the scale of need grows. Image
Read 5 tweets
Resolution Foundation Profile picture
May 25, 2023
Today’s migration statistics confirm that post-Brexit migration change has been big – but some of the change is different to what many of us expected... summary 🧵 from RF's @charliejmccurdy ⬇️
The latest migration data for the year ending December 2022 showed that overall net migration rose to 606,000 – driven primarily by non-EU migration (662,000). Long-term international net...
Among non-EU migrants, the most common reasons for coming to the UK were to study (39%) to work (25%) or for humanitarian reasons (19%). The recent rise has been driven by unique factors, such as the Ukraine war and the end of Covid-19 restrictions (more students arrived). Long term international imm...
Read 12 tweets

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