The Brexit referendum vote has reduced growth prospects and increased volatility, as reflected by the large currency depreciation. Monetary policy has mitigated the immediate impact of the shock by stabilising financial markets and shoring up consumer confidence. This projection assumes the UK will operate with a most favoured nation status after 2019, but there is considerable uncertainty about this, which will increasingly weigh on growth, and in particular private investment, including foreign direct investment. Higher inflation is projected to hit households’ purchasing power and to reduce corporate margins, weakening private consumption and investment. As growth slows, the unemployment rate is projected to rise.
Graduate teaching courses are becoming more popular again in many countries, though ageing continues to affect the profession, and making the career more attractive for longer remains a challenge. For insight, we asked a retired teacher to explain why, despite the challenges, he stayed in the job.
What policy actions are you taking to harness the benefits and address the challenges of the digital economy?
If a British referendum on European Union membership scheduled for 23 June led the UK to leave the EU, there would be a severe negative shock to the economy, causing growth to weaken for many years, an OECD study argues.
United Kingdom Snapshot 2013
Find key economic figures and trends for United Kingdom from OECD Yearbook 2013
The coalition government of the UK is seeking to achieve two main goals by reforming funding of higher education in England.
Bribery is a modern day scourge on international trade. At a time when so many people are struggling through an economic downturn, bribery is a very real disease threatening our prosperity. It poses a serious challenge to the development of economies and contributes to market failure. It distorts competition, damages free enterprise and blights business. It stifles talent and innovation and kills entrepreneurship. In many cases it is the poorest in society who are hit the hardest
“The government’s top priority is reducing the nation’s deficit and returning Britain to strong and sustainable growth. That means the right economic policies at home and creating the right economic environment abroad.
On 27 May 1882, The Times newspaper proclaimed, "Today we have to record such a triumph over physical difficulties, as would have been incredible, even unimaginable, a very few years ago". They weren't talking about Queen Victoria avoiding a recent assassination attempt by a poet she'd annoyed or Jesse James having less luck with a friend he'd trusted. They were talking about sheep meat.
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