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

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.
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Volume/Issue: Volume 2001 Issue 042
Publication date: February 2001
ISBN: 9781451814101
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Business and Economics , Banks and Banking , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , rate , money market interest rates , surplus , monetary policy , Monetary policy Committee , average earnings growth , further rate cut , harmonized index , UK financial system , Productivity , Total factor productivity , Labor productivity , Global

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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.

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