UK Convergence Programme 2019-20
This document contains details of the UK’s economic and fiscal situation and forecasts for 2019-20 as required by the European Union.
Documents
Details
Whilst the UK has now left the EU and is no longer an EU Member State, under the terms of the Withdrawal Agreement the UK retained its obligations under the ‘European Semester’ process.
The Treaty on the Functioning of the European Union requires all EU member states and the UK during the Transition Period, to annually report on their economies and public finances to the European Commission.
The UK is required to submit a Convergence Programme to the Commission as part of the Stability and Growth Pact. The content of the 2019-20 Convergence Programme is based on Budget 2020 combined with the Office for Budget Responsibility’s 2020 Economic and fiscal outlook.