Oecd Organisation for Economic Co-operation and Development

Oecd Economic Surveys: United Kingdom 2011 Oecd Organisation for Economic Co-operation and Development

The 2011 edition of OECD's periodic survey of the UK economy.  This edition includes chapters covering supporting the recovery and rebalancing the economy, improving the functioning of the housing market, reforming education in England, and climate change policy in the UK.

Table of Content :

Executive summary
Assessment and recommendations
Chapter 1.Supporting the recovery and rebalancing the economy
-Getting back to balance
-Understanding the weaknesses of previous fiscal rules could help create a robust framework
-Structural reforms should support growth and rebalancing
-The UK banking sector was severely affected by the crisis and further reforms are essential
-The domestic financial regulatory and supervisory framework needs to be strengthened further
-Implementation issues and further reforms
-Annex 1. A1. Progress in structural reform
Chapter 2. Improving the functioning of the housing market
-Recent developments in the housing market
-Improving the efficiency and resilience of the housing market
Chapter 3. Reforming education in England
International test scores suggest that educational outcomes have not improved
-Better targeted pre-schooling can support social mobility and increase educational efficiency
-Efficiency in primary and secondary education is low and has fallen
-The extensive focus on grades in the school system is a cause of concern
-More attention to composition and quality of inputs could improve outcomes
-Inefficient deprivation funding leads to underachievement among disadvantaged students
-Strong reliance on admission based on residency hampers user choice
-Supply must be more flexible if substantial user choice is to be exercised
-Participation in upper secondary education is low
-Higher caps on tuition fees should provide room for increasing the number of study places
-Annex 3. A1. Determinants of PISA scores
-Annex 3. A2. Estimation of wellbeing determinants
Chapter 4. Climate-change policy in the United Kingdom
-Rising to the climate challenge
-Recent progress on emissions has been significant but a step change is needed to achieve ambitious targets
-Major policy instruments
-Adaptation to climate change
-Glossary.