http:\/\/www.oecd.org\/unitedkingdom\/economic-survey-united-kingdom.htm<\/a><\/p>\nAt a press conference at the Treasury on 25th. February, the OECD Secretary General with the Chancellor presented a positive report on the UK economy. <\/p>\n
Key conclusions are:<\/p>\n
–\tUK GDP growth in 2014 was 2.6%, the strongest performance among G7 countries;
\n–\tThe recovery has benefitted from wide ranging domestic policy measures;
\n–\tWhile productivity growth should be accelerated, employment is at a record level;
\n–\tFiscal policy has included well-chosen consolidation measures;
\n–\tWith the exception of the housing sector where inflation needs careful management, inflationary pressures have been low;
\n–\tAlthough public debt continues to rise, the budget deficit has been significantly reduced since its 2009 peak;
\n–\tInfrastructure underinvestment is being tackled by the authorities within tight fiscal constraints;
\n–\tImportant regulatory reforms have been implemented in the banking sector to address financial stability risks;<\/p>\n
While generally favourable on UK economic policy, the OECD makes important recommendations on future priorities:<\/p>\n
– The Bank of England should begin to tighten monetary policies to meet emerging inflationary pressures
\n– fiscal consolidation needs to be continued in the medium term;
\n– further efficiency gains are needed in health and education;
\n– The successful National Infrastructure Plan should be used as the basis for further progress;
\n– Public\/private partnerships for infrastructure developments should be continued and strengthened;
\n– Regulatory constraints to boost housing supply should be further relaxed.<\/p>\n
Peter Huggins<\/strong>
\nBCiP Member<\/p>\n","protected":false},"excerpt":{"rendered":"That the long-term economic plan of the Conservative-led Coalition is working for the United Kingdom is confirmed by the OECD in this survey linked to below. Why would you as a voter risk the UK’s economy by handing control of it back to Labour? The OECD, as a neutral independent organisation, is broadly positive on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[266,191],"tags":[187,170,171,268,267],"class_list":["post-2029","post","type-post","status-publish","format-standard","hentry","category-oecd-thumbs-up-for-uk-economy","category-winning-in-2015","tag-2015-election","tag-british-politics","tag-conservative-party","tag-oecd","tag-uk-economy"],"_links":{"self":[{"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2029"}],"version-history":[{"count":0,"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2029\/revisions"}],"wp:attachment":[{"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/conservatives-paris.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}