Nearly a decade after the worst economic crisis in living memory, our countries may finally be escaping the low-growth trap. Global growth is projected to rise from 3% in 2016 to 3.5% this year, and to 3.7% next year, with the upturn increasingly synchronised across the world. This is welcome news, but there is definitely no room for complacency.
Mr. Angel Gurría, Secretary-General of the OECD, will be in London on 6 November 2017 to attend the Confederation of British Industry Annual Conference, where he will deliver remarks at the Business debate on How to ensure globalisation is a positive force. While in London, the Secretary-General will hold bilateral meetings with several high level officials.
This conference organised jointly by the OECD, Warwick University, the Work Foundation, and the Centre for Cities brought together stakeholders from national government departments, cities, Local Enterprise Partnerships (LEPs) as well as business, NGOs and research institutions to discuss the key challenges facing the United Kingdom in building more and better quality jobs
Ahead of the referendum on Brexit, the OECD was anticipating a significant decrease in economic growth if the decision to leave the EU were taken (Kierzenkowski et al., 2016). As the UK economy has started to slow down, OECD projections remain remarkably valid so far.
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Selected findings for the United Kingdom from the report "Preventing Ageing Unequally"
It is a great pleasure to present the OECD’s 2017 Economic Survey of the United Kingdom. The United Kingdom is facing challenging times.
L'économie du Royaume-Uni a fléchi après le référendum à l'issue duquel les électeurs Britanniques ont décidé de quitter l'Union européenne (UE). Il sera crucial de conserver des liens étroits avec l'UE et de mettre en œuvre des mesures destinées à renforcer la productivité pour préserver le niveau de vie de la population du Royaume-Uni dans l'avenir, selon un nouveau rapport de l'OCDE.
Mr. Angel Gurría, Secretary-General of the OECD, will be in London on 17 October 2017 to present the 2017 OECD Economic Survey of the United Kingdom alongside Mr. Philip Hammond, Chancellor of the Exchequer. He will also present the OECD Development Co-operation Report Data for Development, alongside Ms. Priti Patel, Secretary of State for International Development.
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Selected findings for the United Kingdom from the report "The Pursuit of Gender Equality: An Uphill Battle"
Under Action 14, countries have committed to implement a minimum standard to strengthen the effectiveness and efficiency of the mutual agreement procedure (MAP). The MAP is included in Article 25 of the OECD Model Tax Convention and commits countries to endeavour to resolve disputes related to the interpretation and application of tax treaties. The Action 14 Minimum Standard has been translated into specific terms of reference and a methodology for the peer review and monitoring process. The minimum standard is complemented by a set of best practices.
The peer review process is conducted in two stages. Stage 1 assesses countries against the terms of reference of the minimum standard according to an agreed schedule of review. Stage 2 focuses on monitoring the follow-up of any recommendations resulting from jurisdictions' stage 1 peer review report. This report reflects the outcome of the stage 1 peer review of the implementation of the Action 14 Minimum Standard by the United Kingdom, which is accompanied by a document addressing the implementation of best practices.