Workplace Report May 2020

Pay and prices

2020 forecasts

RPI1 Average earnings2
Median 1.6% 2.4%
EY ITEM 1.8% 2.7%
Oxford Economics 2.0% -1.1%
NIESR 2.7% 3.7%
OBR 1.8% -7.3%

1 Fourth quarter

2 Calendar year

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

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/886552/Forecomp_May_2020.pdf