The Economy of London

Academic Paper from the year 2016 in the subject Business economics - Economic Policy, grade: 2.1, London School of Economics, language: English, abstract: This paper is based on the report of the OECD (2015) and will highlight the economic sectors, which have to be improved to increase an economic efficiency of the UK. I will introduce several policies and reforms, which according to the OECD, have to be incorporated to improve an economic growth. First of all, I'm going to stress the infrastructure of the UK. In this paragraph, I will concentrate on the main issues, which are associated with the roads, railways, airports, ports, the environment and possible solutions for the government. Furthermore, I will mention that the level of demand for the houses in the UK is higher than supply and the number of households has to be increased. In addition, I will emphasise the finance and policies, which have to be introduced to ensure the stability in this sector. Moreover, I'm going to stress the policies such as control of the incomers associated with migration. Furthermore I will stress that the improvement into educational system have to be incorporated in order to increase labour productivity in the future.