Workplace Report (April 2020)

Pay and prices

2020 forecasts

RPI1 Average earnings2
Median 1.6% 2.4%
ITEM Club 1.8% 3.3%
Oxford Economics 2.4% 2.7%
NIESR 2.7% 3.7%
OBR3 2.1% 3.3%

1 Fourth quarter

2 Calendar year

3 Coronavirus scenario

Source: HM Treasury, Forecasts for the UK economy, April 2020.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/879642/Forecomp_April_2020.pdf


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