United Kingdom citizen Ahmed Sarchil Kazzaz and his company, Leadstay Company, were charged in an indictment unsealed today in the Northern District of Alabama for their roles in a conspiracy to defraud the United States and pay kickbacks in exchange for receiving subcontracts for a Department of Defense program in Iraq.

The United Kingdom will leave the European Union on March 29, 2019. But as the date approaches, important aspects of the withdrawal agreement as well as the future relationship between the U.K. and EU, particularly on trade, remain unresolved. Nowhere are the stakes higher than in Northern Ireland, where the re-imposition of a hard border…

The United Kingdom has one of the highest rates of obesity: nearly one in three adults are obese. As a result, people in the United Kingdom live on average 2.7 years less due to overweight. Overweight accounts for 8.4% of health expenditure; and lowers labour market outputs by the equivalent of 944 thousand full time workers per year. Combined, this means that overweight reduces United Kingdom’s GDP by 3.4%.

This country note explains how the United Kingdom taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The United Kingdom spends almost 10% of its GDP on health, about one percentage point higher than the OECD average. This is projected to reach 11.4% by 2030. This level of spending buys strong access to health care, with low levels of inequality, though long-term care services are less accessible. Quality of care indicators are typically close to the OECD average. Health outcomes are fairly good.

The tax-to-GDP ratio in the United Kingdom increased by 0.2 percentage points from 33.3% in 2017 to 33.5% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in the United Kingdom remained the same at 30.9 percentage points between 2018 and 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 the United Kingdom had the 27th lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Employment Rate in the United Kingdom increased to 76.60 percent in January from 76.50 percent in December of 2019. Employment Rate in the United Kingdom averaged 71.34 percent from 1971 until 2020, reaching an all time high of 76.60 percent in January of 2020 and a record low of 65.60 percent in March of 1983. In United Kingdom, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - United Kingdom Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This report summarises the legal and regulatory framework for transparency and exchange of information for tax purposes in the United Kingdom .

Estonia becomes the 82nd jurisdiction to join the MLI. Estonia’s signature follows the signatures by Kazakhstan, Peru and the United Arab Emirates earlier this week. JAlso today, the United Kingdom deposited its instrument of ratification for the Multilateral Instrument with the OECD.

Weapons Sales in the United Kingdom decreased to 741 USD Million in 2018 from 1235 USD Million in 2017. Weapons Sales in the United Kingdom averaged 2049.07 USD Million from 1950 until 2018, reaching an all time high of 5966 USD Million in 1956 and a record low of 741 USD Million in 2018. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

Banks Balance Sheet in the United Kingdom increased to 4204845 GBP Million in March from 4066563 GBP Million in February of 2020. Banks Balance Sheet in the United Kingdom averaged 3676330.06 GBP Million from 2010 until 2020, reaching an all time high of 4204845 GBP Million in March of 2020 and a record low of 3342179 GBP Million in September of 2014. This page provides - United Kingdom Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United Kingdom recorded a government budget surplus of 240 GBP Million in March of 2020. Government Budget Value in the United Kingdom averaged -1683.51 GBP Million from 1984 until 2020, reaching an all time high of 19413 GBP Million in January of 2020 and a record low of -16111 GBP Million in April of 2013. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

An overview of the long-term care situation in the United Kingdom is available here.

The OECD’s latest edition of Health at a Glance shows that medical care is improving in OECD countries, but better prevention and management of chronic diseases is required to reduce costs.

Health spending has fallen in the United Kingdom in 2010 and 2011 for the first time since the 1970s, according to a new OECD report. Health at a Glance 2013 says that spending in real terms per capita fell by 1.1% in 2011, following a 2.5% decline in 2010.

Unemployment Rate in the United Kingdom increased to 4 percent in February from 3.90 percent in January of 2020. Unemployment Rate in the United Kingdom averaged 6.93 percent from 1971 until 2020, reaching an all time high of 12 percent in February of 1984 and a record low of 3.40 percent in November of 1973. In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - United Kingdom Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The transportation sub-index of the CPI basket in the United Kingdom decreased to 111.80 points in March of 2020 from 112.40 points in February of 2020. CPI Transportation in the United Kingdom averaged 75.85 points from 1988 until 2020, reaching an all time high of 114.90 points in August of 2019 and a record low of 40.40 points in February of 1988. This page provides - United Kingdom Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in The United Kingdom increased to 33073 Thousand in January of 2020 from 32985 Thousand in December of 2019. Employed Persons in the United Kingdom averaged 27154.05 Thousand from 1971 until 2020, reaching an all time high of 33073 Thousand in January of 2020 and a record low of 23630 Thousand in April of 1983. In the United Kingdom, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides the latest reported value for - United Kingdom Employed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Debt in the United Kingdom decreased to -2325 GBP Million in March from -65 GBP Million in February of 2020. Government Debt in the United Kingdom averaged -4293.61 GBP Million from 1993 until 2020, reaching an all time high of 12509 GBP Million in January of 2019 and a record low of -21052 GBP Million in April of 2012. In the United Kingdom, net borrowing or net lending is the difference between the net acquisition of financial assets and the net incurrence of liabilities. This page provides the latest reported value for - United Kingdom Public Sector Net Borrowing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs).

Capacity Utilization in the United Kingdom decreased to 55.10 percent in the second quarter of 2020 from 79.20 percent in the first quarter of 2020. Capacity Utilization in the United Kingdom averaged 72.86 percent from 1958 until 2020, reaching an all time high of 85.20 percent in the second quarter of 1988 and a record low of 38 percent in the first quarter of 1965. Capacity utilization rate is used to measure the rate at which potential output levels are being met or used. This page provides the latest reported value for - United Kingdom Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mortgage Approvals in the United Kingdom decreased to 56.16 Thousand in March from 73.67 Thousand in February of 2020. Mortgage Approvals in the United Kingdom averaged 83.91 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Under the Universal Credit reform, the main means-tested benefits except the Council Tax Benefit will be pooled into one single benefit with one single taper rate. The reform will give people better incentives to work, reduce complexity and contribute to reducing poverty.

Employment has risen by more and unemployment has risen less than expected, given the path of output. Nevertheless, long-term and youth unemployment and involuntary part-time work are high. A polarised labour market risks worsening income inequality, which is high by OECD standards, despite a recent and likely temporary decline.

The United Kingdom (UK) has spent less on infrastructure compared to other OECD countries over the past three decades. The perceived quality of UK infrastructure assets is close to the OECD average but lower than in other G7 countries.

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply.

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs).

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs)

The U.K. economy has weakened in the aftermath of the decision to leave the European Union. Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future living standards, according to a new report from the OECD.

The United Kingdom displays large regional disparities in productivity compared to most other OECD countries, with a large gap between London and most other regions.

More than a quarter of adults in the United Kingdom have low basic skills, which has a negative impact on career prospects, job quality and productivity growth.

Core consumer prices in the United Kingdom increased 1.60 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in the United Kingdom averaged 1.64 percent from 1997 until 2020, reaching an all time high of 3.70 percent in April of 2011 and a record low of -0.10 percent in June of 2000. In the United Kingdom, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides - United Kingdom Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Household Saving Rate in the United Kingdom increased to 6.20 percent in the fourth quarter of 2019 from 5.20 percent in the third quarter of 2019. Personal Savings in the United Kingdom averaged 8.56 percent from 1955 until 2019, reaching an all time high of 15.20 percent in the second quarter of 1993 and a record low of -0.90 percent in the fourth quarter of 1958. In the United Kingdom, the saving ratio estimates the amount of money households and NPISH have available to save (known as gross saving) as a percentage of their total disposable income (known as total available resources). This page provides - United Kingdom Households Saving Ratio - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in the United Kingdom increased to 2600176 GBP Million in March from 2472269 GBP Million in February of 2020. Money Supply M2 in the United Kingdom averaged 1235360.38 GBP Million from 1986 until 2020, reaching an all time high of 2600176 GBP Million in March of 2020 and a record low of 167427 GBP Million in December of 1986. The United Kingdom Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - United Kingdom Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in the United Kingdom increased to 2575721 GBP Million in the fourth quarter of 2019 from 2546089 GBP Million in the third quarter of 2019. Loans to Private Sector in the United Kingdom averaged 896055.61 GBP Million from 1963 until 2019, reaching an all time high of 2812922 GBP Million in the first quarter of 2009 and a record low of 8755 GBP Million in the first quarter of 1963. This page provides - United Kingdom Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Corporate Profits in the United Kingdom decreased to 113724 GBP Million in the fourth quarter of 2019 from 114104 GBP Million in the third quarter of 2019. Corporate Profits in the United Kingdom averaged 36869.28 GBP Million from 1955 until 2019, reaching an all time high of 115312 GBP Million in the first quarter of 2019 and a record low of 1024 GBP Million in the first quarter of 1955. This page provides the latest reported value for - United Kingdom Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in the United Kingdom decreased to 1026 BBL/D/1K in December from 1053 BBL/D/1K in November of 2019. Crude Oil Production in the United Kingdom averaged 1610.80 BBL/D/1K from 1973 until 2019, reaching an all time high of 2821 BBL/D/1K in December of 1998 and a record low of 1 BBL/D/1K in January of 1975. This page provides the latest reported value for - United Kingdom Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages High Skilled in the United Kingdom increased to 2330 GBP/Month in 2018 from 2110 GBP/Month in 2017. Wages High Skilled in the United Kingdom averaged 2267.50 GBP/Month from 2015 until 2018, reaching an all time high of 2460 GBP/Month in 2016 and a record low of 2110 GBP/Month in 2017. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Industrial Production in the United Kingdom decreased 2.80 percent in February of 2020 over the same month in the previous year. Industrial Production in the United Kingdom averaged 0.85 percent from 1969 until 2020, reaching an all time high of 22.60 percent in February of 1973 and a record low of -12 percent in December of 1980. In the United Kingdom, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 70 percent of total production. The biggest segments within Manufacturing are: Food, drink and tobacco (11 percent of total production); transport equipment (9 percent); basic metals (8 percent); other manufacturing and repair (6 percent); pharmaceutical products and preparations (6 percent); and rubber and plastic products and non-metallic mineral products (6 percent). Mining and quarrying account for 12 percent of production, as oil and gas extraction accounts for 10 percent. Electricity, gas, steam and air conditioning account for 11 percent of total output and water supply, sewerage and waste management account for 8 percent. This page provides the latest reported value for - United Kingdom Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Electricity Production in the United Kingdom increased to 29731 Gigawatt-hour in December from 28902 Gigawatt-hour in November of 2019. Electricity Production in the United Kingdom averaged 28609.62 Gigawatt-hour from 2008 until 2019, reaching an all time high of 38520 Gigawatt-hour in January of 2008 and a record low of 16152 Gigawatt-hour in August of 2013. This page has Electricity Production values for United Kingdom.

Employment in the United Kingdom increased by 172 in January of 2020. Employment Change in the United Kingdom averaged 43.15 Thousand from 1971 until 2020, reaching an all time high of 311 Thousand in March of 2014 and a record low of -279 Thousand in May of 2009. In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over. This page provides - United Kingdom Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in the United Kingdom increased 0.10 percent in February of 2020 over the previous month. Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2020, reaching an all time high of 9.70 percent in March of 1972 and a record low of -7.80 percent in February of 1972. In the United Kingdom, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 70 percent of total production. The biggest segments within Manufacturing are: Food, drink and tobacco (11 percent of total production); transport equipment (9 percent); basic metals (8 percent); other manufacturing and repair (6 percent); pharmaceutical products and preparations (6 percent); and rubber and plastic products and non-metallic mineral products (6 percent). Mining and quarrying account for 12 percent of production, as oil and gas extraction accounts for 10 percent. Electricity, gas, steam and air conditioning account for 11 percent of total output and water supply, sewerage and waste management account for 8 percent. This page provides the latest reported value for - United Kingdom Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Transport in the United Kingdom decreased to 19688 GBP Million in the fourth quarter of 2019 from 19717 GBP Million in the third quarter of 2019. GDP From Transport in the United Kingdom averaged 16380.99 GBP Million from 1990 until 2019, reaching an all time high of 19767 GBP Million in the fourth quarter of 2007 and a record low of 10359 GBP Million in the first quarter of 1991. This page provides - United Kingdom Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Production in the United Kingdom decreased to 78767 Units in March from 122171 Units in February of 2020. Car Production in the United Kingdom averaged 114673.27 Units from 1977 until 2020, reaching an all time high of 185157 Units in March of 2000 and a record low of 43773 Units in August of 1979. This page provides - United Kingdom Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in the United Kingdom decreased to -87 points in the second quarter of 2020 from 23 points in the first quarter of 2020. Business Confidence in the United Kingdom averaged -4.08 points from 1958 until 2020, reaching an all time high of 55 points in the third quarter of 1959 and a record low of -87 points in the second quarter of 2020. In the United Kingdom, the Business Optimism Index is published by the Confederation of British Industry's in its Industrial Trends Survey. An average of 400 small, medium and large companies from the manufacturing sector is surveyed each quarter. The Questionnaire accesses the overall sentiment regarding general and export business situation, investment, capacity, order books, employment, output, stocks, prices competitiveness regarding domestic, EU and non-EU markets and innovation and training. For each assessment is computed a sub-index as the percentage of positive answers minus the percentage of negative answers. The composite index is then computed as the weighted average of the sub-indices. An Optimism Index of +100 indicates that all survey respondents are much more confident about future prospects, while -100 suggests that all survey respondents are much less confident about future prospects. An index level of 0 indicates neutrality. This page provides - United Kingdom Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom 10Y Bond Yield was 0.23 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the United Kingdom Government Bond 10Y reached an all time high of 16.09 in November of 1981. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.