Friday 10 January 2020

Working Britain

What does 2020 have in store for job prospects and pay packets?

Friday 10 January 2019, 9.30-10.45am, Resolution Foundation offices, Westminster

2019 was a good year for the labour market – the area of the economy that matters most to households. Employment reached a new record high, while pay growth finally approached pre-crisis levels. The strong performance of the UK labour market is all the more remarkable given that wider economic measures, such as GDP growth and productivity, have been poor.

Can the UK maintain its record-beating labour market growth into 2020? Will employment break new ground, or start to retreat? How long can decent pay growth continue in the absence of rising productivity? And what are the lessons for policy makers in Westminster and Threadneedle Street?

At an event at its Westminster offices, the Resolution Foundation presented its outlook for the labour market in 2020, before hearing from Bank of England MPC member Silvana Tenreyro and Paul Gregg, Professor of Economic and Social Policy at the University of Bath, on what might be in store for the year ahead.