Article preview: What does 2020 have in store for the UK economy, and in particular for wages and employment? According to a new report, the UK labour market has reached a turning point as we start the new decade. The Resolution Foundation has predicted in its latest Earnings Outlook that real pay will finally surpass its 2008 peak in 2020. However, employment levels risk slipping back from their record highs reached in 2019.
2020 could be a good year for pay
This 633-word blog post considers a new Earnings Outlook from the Resolution Foundation which expects average pay to exceed its pre-crisis peak early in 2020 and makes other predictions about UK employment next year. Written on 28th December 2019.
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