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United Kingdom: Maintain close ties with EU to meet challenges of Brexit

Oct 19, 2017 | News

(19 October 2017) – Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future UK living standards, according to a new report from the OECD.

© Heinrich Böll Stiftung

The latest OECD Economic Survey of the United Kingdom details developments since the June 2016 vote to leave the EU, highlighting growing uncertainties and a number of risks.

This includes the hit on households’ purchasing power from higher inflation, declining savings rates, and a fall in net migration. It lays out a range of policy options for meeting the challenges posed by Brexit and building a stronger and more inclusive U.K. economy going forward.

The survey identifies priority areas for future action, including new productivity-enhancing fiscal initiatives and comprehensive policy reforms to boost the economic performance of lagging regions nationwide.

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