Workplace Report November 2019

Pay and prices

2019 forecasts

RPI1 Average earnings2
Median 2.5% 3.6%
EY ITEM 2.8% 3.7%
Oxford Economics 2.6% 3.6%
NIESR 2.7% 3.2%
OBR 2.9% 3.1%


1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, October 2019.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/839641/Forecast_for_the_UK_economy_October_2019.pdf