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Macroeconomic surveillance in the United Kingdom

The United Kingdom was a member of the European Union from 1973 until 31 January 2020. The information contained on this page relates to its time as a member country.

Macroeconomic Imbalance Procedure

The Macroeconomic Imbalance Procedure (MIP) is a surveillance mechanism that aims to identify potential risks early on, prevent the emergence of harmful macroeconomic imbalances and correct the imbalances that are already in place. The annual starting point of the MIP is the Alert Mechanism Report: Based on a scoreboard of indicators and economic judgment, it is a filter to identify countries and issues for which a closer analysis (in-depth review) is deemed necessary. The outcome of these in-depth reviews forms the basis for further steps under the MIP.

An in-depth review for United Kingdom has been carried out in 2012, 2013, 2014 and 2016. Please find full documents below: