This document contains details of the annual UK’s economic and fiscal situation and forecasts as required by the European Union.
The Treaty on the Functioning of the European Union (TFEU) requires all EU member states 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, which is based in the Treaty (TFEU). The Stability and Growth Pact was agreed in 1997 and took effect in 1999. The UK has therefore sent an annual Convergence Programme to the Commission since 1999.