Oecd Economic Surveys: United Kingdom, 1989-90 (O E C D Economic Surveys United Kingdom)

Introduction I. Recent trends -Continuing strong expansion of demand and output -Tensions in the labour market -Accelerating inflation -A rising trade deficit II. Economic policy -Tightened monetary policy -Decreasing financial surpluses of government -Other policy areas III. The economy in 1990 and 1991 IV. Issues in the current tax reform -Introduction -Towards a new tax system for the Confederation -Reform of the turnover tax versus the introduction of VAT -Strengthening indirect taxation -Contribution to environmental protection -Stamp duty reform -The tax treatment of profits -Internatio