Assessment and Recommendations
I. Macroeconomic Developments and Prospects
-The recession that wasn't
-An improving labour market
-Wage and inflation pressures
-Near-term prospects
II. Monetary Policy: Inflation Targeting in Action
-Framework
-Policy actions
-Building up credibility
-Looking ahead
III. Fiscal Framework and Policy
-Framework
-Broad fiscal trends: Putting public finance on a sounder footing
-Recent budgets
IV. Structural Reforms: Striving to boost productivity and employability
-Product market performance and policies
-Labour market performance and policies
-Assessment
V. Public Expenditure Reform
-"Quasi-Markets"
-The new NHS
-Assessment
Annex I. Why Are Cars So Expensive in the United Kingdom?
Annex II. E-Commerce
Annex III. The Private Finance Initiative
Annex IV. Chronology of Main Economic Events