http://worldcat.org/entity/work/id/1044483138

United Kingdom 2010 Article IV consultation : staff report, staff supplement, public information notice on the Executive Board discussion, and statement by the Executive Director for the United Kingdom

1. The new Conservative-Liberal Democrat coalition government has launched a number of important policy initiatives in its first few months in office. Its first budget, released in June, lays out an ambitious multi-year plan for deficit reduction-the centerpiece of the coalition agreement. To underscore its commitment, the government has created an independent Office for Budget Responsibility (OBR), which produces macroeconomic and fiscal forecasts for the budget and assesses whether budget plans are adequate to meet government-set fiscal targets. Separately, the government has set out to revamp the UK's framework for financial regulation and supervision, consolidating key responsibilities in the Bank of England (BoE).

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