develop_region: 
Unknown
iso2: 
GB
iso3: 
GBR
Continent: 
Europe
Official name: 
United Kingdom of Great Britain and Northern Ireland

Innovations in social protection financing: Impact Bonds

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Economic & Social Research Council (ESRC)

ESRC is part of UK Research and Innovation (UKRI), a new organisation that brings together the UK’s seven research councils, Innovate UK and Research England to maximise the contribution of each council and create the best environment for research and innovation to flourish. The vision is to ensure the UK maintains its world-leading position in research and innovation. For more information visit the UK Research and Innovation website.   

UK Research and Innovation is a non-departmental public body funded by a grant-in-aid from the UK government

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The Department for Business, Energy and Industrial Strategy (BEIS) has confirmed new legal protections against redundancy for pregnant women and new mothers, extending the duration of redundancy protection to six months from the date of return to work.

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The United Kingdom is partnering with the government of Ghana to protect the most vulnerable and marginalised through the “Leave No One Behind” social protection programme. 

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More than 600,000 members of so-called ‘Generation Rent’ are facing an “inevitable catastrophe” of homelessness when they retire, according to the first government inquiry into what will happen to millennials in the UK who have been unable to get on the housing ladder as they age. People’s incomes typically halve after retirement.

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Skint pensioners are finding it hard to make ends meet with their available funds with half a million taking out cash from their pots in the past year. A quarter of retired people have been forced back to work because they are struggling to make ends meet, according to a survey. Some who dipped into pension pots under new rules introduced in 2015 are finding it hard to make their cash last.

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Several decades ago, London was in the midst of a crisis similar to the one the New York City Houshing Authority faces today. Our counterpart across the pond made major changes that vastly improved its public housing. Incoming NYCHA Chairman Gregory Russ should draw from them to deliver the turnaround that New York's public housing residents urgently need.

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Less than one in three new fathers take paternity leave, a study has found.

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Automatic enrolment into workplace pensions, which started in 2012, has turbo-boosted the numbers of people who are now in the habit of saving for their retirement. Around nine in 10 people automatically enrolled have chosen to stay in their scheme, rather than opting out – a much higher proportion than was initially expected. But pension experts commenting on the ONS report raised concerns that many people are still contributing low amounts into their pots. The minimum amounts that can be put into a workplace pension have gradually been phased upwards in recent years.

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