## United Kingdom: 2000 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of the United Kingdom

_IMF Staff Country Reports, February 28, 2001_

## Source details

**Canonical URL:** [United Kingdom: 2000 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of the United Kingdom](https://www.imf.org/en/publications/cr/issues/2016/12/30/united-kingdom-2000-article-iv-consultation-staff-report-staff-statement-public-information-3974)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/united-kingdom-2000-article-iv-consultation-staff-report-staff-statement-public-information-3974/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/united-kingdom-2000-article-iv-consultation-staff-report-staff-statement-public-information-3974/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/united-kingdom-2000-article-iv-consultation-staff-report-staff-statement-public-information-3974/bundle-manifest.json)

## Bibliographic details
- Published: February 28, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451814101.002

---

### Summary
- Strengthened macroeconomic and structural policies, underpinned by improved monetary and fiscal policy frameworks, have contributed to the United Kingdom's achievements.
- Executive Directors commended these developments.
- Directors supported policies to encourage innovation and entrepreneurship, promote research and development, and strengthen competition to foster the New Economy and boost productivity growth in the rest of the economy.
- Directors agreed that the banking system is profitable and well capitalized, but stressed the need to be more vigilant.

### Key findings and emphasis
- Macroeconomic and structural policy strengthening is credited with recent achievements.
- Policy focus recommended on:
  - Encouraging innovation and entrepreneurship.
  - Promoting research and development.
  - Strengthening competition to foster the New Economy and raise productivity outside the New Economy.
- Financial sector assessment:
  - The banking system is described as profitable and well capitalized.
  - Continued vigilance is recommended.

### Subjects and keywords
- Subject: Expenditure; Fiscal policy; Labor productivity; Production; Productivity; Total factor productivity
- Keywords: average earnings growth; CR; further rate cut; Global; harmonized index; ISCR; Labor productivity; monetary policy; Monetary policy Committee; money market interest rates; Productivity; rate; surplus; Total factor productivity; UK financial system

---

## Content in this bundle

- **_cr0142**
  - [_cr0142 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2001/_cr0142.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr0142 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2001/_cr0142.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/united-kingdom-2000-article-iv-consultation-staff-report-staff-statement-public-information-3974_