Downing Street Says » OECD Report

» Tuesday, June 13, 2006

OECD Report

The Prime Minister’s Official Spokesman (PMOS) told journalists that the OECD report that was published today had said that the UK had the highest rate of employment amongst all G7 countries. The UK had an employment rate of 72.6% on OECD figures, which was ahead of Canada, the US, Japan, France, Germany and Italy, and the UK had the best combination of employment rates, unemployment and inactivity rates in the G7. The report also acknowledged that initiatives such as JobCentre Plus, the New Deal, Job Seekers Allowance had been amongst the best in the world at meeting the challenges of removing barriers to work.

Asked if there was any concern about inflation in the Organisation for Economic Co-operation and Development (OECD) report, the PMOS said that in terms of inflation, the rate remained lower than inflation in the Euro area and in the USA. The Chancellor had made it clear that we would take whatever action was necessary.

Asked if anything had been said to the Bank of England, the PMOS replied that he would not be presumptuous in any way to give messages to the Bank of England, as it was not his role.

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OECD Report

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