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Table of contents; Basic statistics of United Kingdom, 2011; Executive summary; Box 1. Key policy recommendations; Assessment and recommendations; The economy is facing strong headwinds and uncertainties; The economy has been broadly flat for two years; The short-term outlook is weak; Figure 1. Main...

Figure 4. Competitiveness in the manufacturing sectorReducing government deficits and debt is a major objective; Figure 5. General government deficit and debt; Table 2. Selected fiscal indicators; Global economic conditions are weighing on the economy; Figure 6. External environment and business con...

The financial system is being strengthenedBox 2. Recommendations on macroeconomic and financial policies; Labour market andwelfare policies to encouragework and raise employability, while protecting the most vulnerable; The labour market has consistently outperformed forecasts; Figure 9. Labour mark...

Rationalising the welfare system and reinforcing work incentivesFigure 13. Incentives to work for a primary earner in a couple with children; Work incentives may remain inadequate for some; Figure 14. Incentives to work for lone parents and second earners; Active labour market policies are being ref...

Figure 16. Relative levels of productivityFigure 17. Investment in fixed and intangible assets in 2006; Figure 18. R&D and innovation; Growth could also be greener; Figure 19. Selected environmental indicators; Seizing opportunities offered by growing emerging markets; Figure 20. Exports from the Un...

Annex A.1. Progress in structural reform