Economic surveys and country surveillance

Tackling inequalities and informality is a priority. The tax-benefit system should be made more redistributive and employment friendly. Addressing barriers to competition and skill mismatch is crucial to support productivity growth.

Growth in the United Kingdom has picked up, supported by a wide range of domestic policies. A balanced recovery requires higher productivity growth and would benefit from raising infrastructure investment and ensuring sustainable bank lending.

Reform of labour market and competition policy, better tax and public spending, supported by improved justice and public administration are vital to raise employment, increase growth and improve public finances.