Mr. Angel Gurría, OECD Secretary-General, was in London on 23-24 February to present the 2015 OECD Economic Survey of the United Kingdom, alongside Mr. George Osborne, Chancellor of the Exchequer.
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This country note from Going for Growth 2015 for the United Kingdom identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Institutional investors (investment funds, insurance companies and pension funds) are major collectors of savings and suppliers of funds to financial markets. Their role as financial intermediaries and their impact on investment strategies have grown significantly over recent years along with deregulation and globalisation of financial markets.
This publication provides a unique set of statistics that reflect the level and structure of the financial assets of institutional investors in the OECD countries, and in the Russian Federation. Concepts and definitions are predominantly based on the System of National Accounts. Data are derived from national sources.
Data include outstanding amounts of financial assets such as currency and deposits, securities, loans, and shares. When relevant, they are further broken down according to maturity and residency. The publication covers investment funds, of which open-end companies and closed-end companies, as well as insurance corporations and autonomous pension funds. Indicators are presented as percentages of GDP allowing for international comparisons, and at country level, both in national currency and as percentages of total financial assets of the investor. Time series display available data for the last eight years.
This review of the development co-operation efforts of the United Kingdom examines its policies, performance and implementation. It takes an integrated, system-wide perspective on the development co-operation and humanitarian assistance activities of the member under review.
The United Kingdom has done well to increase its development spending to 0.72% of gross national income despite a challenging budget climate and should strive to maintain that level of aid for the years ahead, according to a new OECD Review.
In its latest Peer Review of the United Kingdom, the OECD’s Development Assistance Committee (DAC) notes that raising its official development assistance (ODA) by 30.5% to GBP 11.4 billion in 2013 made the UK the world’s No. 2 donor by aid volume after the United States.
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The tax burden in the United Kingdom declined by 0.1 percentage points from 33.0% to 32.9% in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The standard VAT rate for the United Kingdom is 20%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
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The number of doctors in the UK has grown more rapidly than in any other EU countries since 2000; the number per capita remains lower than the EU average. There has been a sharp drop in deaths from heart attacks in the UK since 2000, reflecting reductions in important risk factors like smoking and better treatments.
The number of foreign nationals living in the United Kingdom in 2013 rose to 4.9 million, an increase of 3.2% on the year before.
This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).