The U.K. economy has weakened in the aftermath of the decision to leave the European Union. Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future living standards, according to a new report from the OECD.
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"
The modern structure of the UK economy is largely based on knowledge, ideas and innovation and its well integrated global value chains. These factors help boost the country’s economic growth, but at the same time they make it highly susceptible to the risk of trade in counterfeit goods. This risk negatively affects UK rights holders, the UK government, and the reputation of UK firms. This report measures the direct, economic effects of counterfeiting on consumers, retail and manufacturing industry and governments in the United Kingdom. It does so from two perspectives: the impact on these three groups of imports of fake products into the UK, and the impact of the global trade in fake products on UK intellectual property rights holders.
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The UK headline labour market indicators compare well with OECD averages. At the end of 2016, the UK unemployment rate stood at 4.8% against the OECD average of 6.2%, and the UK employment rate at 65.5% was more than 4 percentage points above the OECD average.
In a letter to British Prime Minister Theresa May, OECD Secretary-General Angel Gurría wrote today:
People of my generation grew up with a set of intuitive assumptions about human progress: hatred and prejudice would give way to reason, democracy would displace authoritarianism, and the economic good times would roll and roll.
Foreign bribery enforcement in the UK has increased significantly since 2012 notably thanks to the pragmatic and effective approach taken by the Serious Fraud Office (SFO) to investigate and resolve foreign bribery cases.
Wales should continue its efforts to reform the curriculum and raise the standards of teaching in order to improve the quality and equity of its school system, according to a new OECD report.
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This country note presents student performance in science, reading and mathematics, and measures equity in education in the United Kingdom.