Workplace Report (July 2020)

Pay and prices

2020 forecasts

RPI1 Average earnings2
Median 1.3% 0.5%
ITEM Club 1.2% -0.4%
Oxford Economics 0.7% -1.3%
Capital Economics 1.2% -0.2%
OBR 1.8% -7.3%

1 Fourth quarter

2 Calendar year

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

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/900759/Forecomp_July_2020.pdf


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