July 2026Volume 2026/20 OECD Economic Surveys:United Kingdom2026 This work was approved and declassified by the Economic and Development Review Committee on 9 June 2026. This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty overany territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use ofsuch data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements inthe West Bank under the terms of international law. Note by the Republic of Türkiye The information in this document with reference to “Cyprus” relates to the southern part of the Island. There is no singleauthority representing both Turkish and Greek Cypriot people on the Island. Türkiye recognises the Turkish Republic ofNorthern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of the United Nations, Türkiyeshall preserve its position concerning the “Cyprus issue”. Note by all the European Union Member States of the OECD and the European UnionThe Republic of Cyprus is recognised by all members of the United Nations with the exception of Türkiye. Theinformation in this document relates to the area under the effective control of the Government of the Republic of Cyprus. Kosovo*: This designation is without prejudice to positions on status, and is in line with United Nations Security CouncilResolution 1244/99 and the Advisory Opinion of the International Court of Justice on Kosovo’s declaration ofindependence. Please cite this publication as: OECD (2026),OECD Economic Surveys: United Kingdom 2026, OECD Publishing, Paris,https://doi.org/10.1787/aa997c6e-en. ISBN 978-92-64-64848-7 (print)ISBN 978-92-64-45314-2 (PDF)ISBN 978-92-64-76494-1 (HTML) OECD Economic SurveysISSN 0376-6438 (print)ISSN 1609-7513 (online) OECD Economic Surveys: United KingdomISSN 1995-3445 (print)ISSN 1999-0502 (online) Photo credits:Cover © Sergii Figurnyi/Shutterstock.com.Chapter 1 © Claudia8c/Shutterstock.com.Chapter 2 © I Wei Huang/Shutterstock.com.Chapter 3 © Robert Harding Video/Shutterstock.com.Chapter 4 © mark stephens photography/Shutterstock.com. Corrigenda to OECD publications may be found at:https://www.oecd.org/en/publications/support/corrigenda.html. © OECD 2026 Attribution 4.0 International (CC BY 4.0) This work is made available under the Creative Commons Attribution 4.0 International licence. By using this work, you accept to be bound by the terms of this licence(https://creativecommons.org/licenses/by/4.0/). Attribution– you must cite the work.Translations– you must cite the original work, identify changes to the original and add the following text:In the event of any discrepancy between the original work and thetranslation, only the text of the original work should be considered valid.Adaptations– you must cite the original work and add the following text:This is an adaptation of an original work by the OECD. The opinions expressed and arguments employed inthis adaptation should not be reported as representing the official views of the OECD or of its Member countries.Third-party material– the licence does not apply to third-party material in the work. If using such material, you are responsible for obtaining permission from the third party and forany claims of infringement.You must not use the OECD logo, visual identity or cover image without express permission or suggest the OECD endorses your use of the work.Any dispute arising under this licence shall be settled by arbitration in accordance with the Permanent Court of Arbitration (PCA) Arbitration Rules 2012. The seat of arbitration shallbe Paris (France). The number of arbitrators shall be one. Foreword The Secretariat’s draft report was prepared for the Committee by Daniela Glocker and Nicolas Gonne underthe supervision of Aida Caldera-Sanchez. Research inputs from Lucia Russo and Karine Perset from the OECDDirectorate for Science, Technology and Innovation, as well as from Mike Cressey from the OECD GovernanceDirectorate are gratefully acknowledged. Research assistance was provided by Monica Quinza Armenta,editorial assistance was provided by Rosario Cruz Hernando and Michelle Ortiz, and communication assistancewas provided by Laura Fortin and François Iglesias. This Survey is published under the responsibility of the Economic and Development Review Committee of theOECD, which is in charge of the examination of the economic situation of member countries. The economic situation and policies of the United Kingdom were reviewed by the Committee on 9 June 2026with the participation of representatives of the UK authorities. The draft report was then revised in light ofthe discussions and given final approval as the agreed report of the whole Committee on 1 July 2026. Th