Sectors with an explicit carbon price drove past emission reductions
Carbon pricing affects regions differently
Fiscal support during the pandemic supported households and businesses
Income inequality and regional disparities are high
GDP has recovered on the back of an improved health situation
The economy recovered to pre-pandemic levels
The European Union is a major trading partner
Investment is recovering but confidence is volatile
Unemployment benefits are low and uprating of Universal Credit has fallen behind inflation growth
Monetary policy, supportive during the crisis, has started to tighten
The pandemic led to a record high budget deficit that pushed up public debt
Public investment and spending on services is improving
Tax revenues are lower than in peer countries
Ageing and health related expenditures add to future fiscal pressure
Reforms are needed to stabilise public debt
Productivity performance has been poor since the financial crisis
Local authorities need to deal with numerous growth funding funds
Total investment in infrastructure has been low until recently
Planned national infrastructure projects need substantial private investment
Product market regulations are lean but private investment is low
Planned public R&D investment will be above the OECD average
Type of technical and practical skills missing in the labour market
Childcare costs in the UK are high
Corruption appears to be low
The United Kingdom has been among OECD leaders in the reduction of greenhouse gas emissions
Emission reductions have been driven by greening electricity supply
Policy needs strengthening to reach future targets
The transition to net zero will need substantial re- and upskilling
Inflation and interest rates are sensitive to policy stringency and revenue use
Emissions pricing can provide fiscal space to support the transition
Carbon prices differ considerably across sectors
The UK carbon trajectory is considerably higher than price signals facing the private sector
A number of countries tax non-transport fossil fuels
Revenue recycling can turn carbon taxation from regressive to progressive
A carbon price affects regions differently
A majority of Britons support climate policies, except a fossil fuel tax
Stated support for climate policies
Contract for Difference auctions have made the United Kingdom a leader in offshore wind
Carbon emission reductions from the housing sector are held back by low energy efficiency
Low charges on gas for heating hold back heat pump investments
The fuel excise duty remains high relative to European OECD countries