Workplace Report December 2019

Pay and prices

2020 forecasts

RPI1 Average earnings2
Median 2.5% 3.3%
EY ITEM 2.7% 3.4%
Oxford Economics 2.9% 3.0%
NIESR 2.2% 3.8%
OBR 2.8% 3.0%


1 Fourth quarter

2 Calendar year

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

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/853025/Forecomp_December_2019.pdf