United Kingdom: 2000 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of the United Kingdom

February 28, 2001

Preview Citation

Format: Chicago

United Kingdom: 2000 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of the United Kingdom, (USA: International Monetary Fund, 2001) accessed November 13, 2024

Summary

Strengthened macroeconomic and structural policies, underpinned by improved monetary and fiscal policy frameworks, have contributed to the United Kingdom's achievements. Executive Directors commended these developments, and supported the focus of policies to encourage innovation and entrepreneurship, promote research and development, and strengthen the competition in view of the need to foster the New Economy and boost productivity growth in the rest of the economy. They agreed that the banking system is profitable and well capitalized, but stressed the need to be more vigilant.

Subject: Expenditure, Fiscal policy, Labor productivity, Production, Productivity, Total factor productivity

Keywords: Average earnings growth, CR, Further rate cut, Global, Harmonized index, ISCR, Labor productivity, Monetary policy, Monetary policy Committee, Money market interest rates, Productivity, Rate, Surplus, Total factor productivity, UK financial system

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/042
Stock No:

1GBREA0012001
ISBN:

9781451814101
ISSN:

1934-7685

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