Table of Contents

Assessment and recommendations
I. Recent trends and prospects
-Overview
-Domestic demand has slowed little so far...
-... while external demand begins to falter
-The labour market tightens sharply
-Mounting inflationary pressures
-The short-term outlook
II. Macroeconomic policies
-Monetary policy
-Fiscal policy
III. Implementing structural reform: a review of progress
-Raising potential growth – a broad agenda
-National Health Service
-Tax policy – lowering obstacles to growth
-Reform of the financial regulatory regime
-Assessment
IV. Towards a better integration of work and welfare
-Workforce developments
-Inequality and poverty
-Employability policies
-Introduction of a minimum wage
-Assessment
V. Corporate governance
-A big share market
-... with a significant increase in institutional investment
-... accompanied by a considerable decline in personal equity holdings
-Corporate monitoring
-Board structure
-Board committees
-Boardroom pay
-Mergers and acquisitions
-Current issues 
Glossary of acronyms
Bibliography
Annexes
-I. Summary of the major recommendations of various committees and institutions concerning corporate governance
-II. Calendar of main economic events
Statistical annex and structural indicators