European Parliament Library

United Kingdom :, 2008 Article IV Consultation: Staff Supplement; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Kingdom

Abstract
This 2008 Article IV Consultation highlights that the United Kingdom’s economic growth was above trend in 2006 and 2007. In terms of expenditure, the expansion was largely driven by private consumption, on the heels of strong employment, steady real wage and living standards growth, and a surge in immigration. So far in 2008, evidence points to a sharp slowing in activity alongside high inflation. Executive Directors have welcomed the commitment made in the 2008 budget to tighten fiscal policy in the coming two years
Table Of Contents
Cover; Contents; I. Staff Appraisal and Summary; II. The Context-Imbalances and Policy Responses 2005-07; III. Near-Term Outlook and Risks; A. Factors Affecting the Outlook; B. Outlook in the Central Scenario; C. Risks to the Outlook; IV. Implications for Macroeconomic and Financial Sector Policies; A. Fiscal Policy; B. Monetary Policy; C. Financial Sector Policies; V. Policy Frameworks; A. Fiscal Rules; B. Financial Stability Framework; VI. Authorities' Views; Text Boxes; 1. Exchange Rate Assessment and Sustainability; 2. United Kingdom and United States Compared; Text Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (88 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613741356

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