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The Latest Breaking News from OECD

Immigration debate continues – as it happened

This blog is now closed

The Guardian - AU

Back in the red, no second surplus in budget update

The mid-year budget update will reveal a substantial improvement to the bottom line, but not a surplus, the federal treasurer says.

AAP

Government should reform ‘costly’ triple lock to free up money, OECD says

The Organisation for Economic Co-operation and Development said it is an urgent task for the UK to address its tax and spending policies.

The Independent UK

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Inflation has affected the UK, US and Europe differently – here's what this means for interest rates

The Bank of England’s governor has repeatedly warned that it will not cut UK interest rates any time soon, even with a recent sharp fall in consumer price inflation.

The Conversation

UK forecast for second-worst economic growth in the G7

The UK economy is set for the second-slowest growth of the world’s G7 advanced economies, according to new forecasts.

The National (Scotland)

Watch again: Sunak faces Starmer at PMQs as UK suffers economic blow

Watch as Rishi Sunak faces Sir Keir Starmer at Prime Minister’s Questions on Wednesday 29 November.

The Independent UK

OECD Trims Global Growth Forecast, Warns Of Conflict Risk

The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works.

International Business Times

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Homeowners told not to expect interest rate cut until 2025 as mortgage squeeze goes on

Leading economists at the OECD also stressed the UK would have the second slowest GDP growth of the G7 group of wealthy nations

Evening Standard

Central banks ‘risk tipping UK and other developed countries into recession’

Stance on inflation poses threat to ‘soft landing’ forecast for global economy, says OECD

The Guardian - UK

The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

The Independent UK

Blow for Rishi Sunak as UK to have second-slowest growth in G7

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

The Independent UK

Climate funding is in short supply. So some want to rework the financial system

Efforts to boost climate financing have moved beyond national pledges. Now the focus is on overhauling organizations like the World Bank and providing countries debt relief.

WEKU

How does Australia's health system stack up internationally? Not bad, if you're willing to wait for it

When things are going bad in the health system, we are reassured we’ve got one of the best health systems in the world. But we’re rarely told where we actually stand relative to others.

The Conversation

UK spends more financing inequality in favour of rich than rest of Europe, report finds

Inequalities of income, wealth and power cost UK £106.2bn a year compared with average developed OECD country

The Guardian - UK

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The Guardian - AU

Australian education in long-term decline due to poor curriculum, report says

Students are learning about half the science content of school systems in similar countries, consulting group has found

inkl

Economic Productivity Through the Lens of Global Tax Policy

In the realm of global economics, the interplay between taxation and productivity forms a complex tapestry, with each country weaving its unique pattern.

The Guardian - UK

Push to give UN more say on global tax rules likely to stumble at vote

US, EU and UK expected to reject motion by African countries frustrated at OECD efforts to reform international taxation

France 24

South Korea: Where feminism has become taboo

In this special edition, Annette Young heads to South Korea, which, despite its impressive economic record, consistently scores poorly for gender equality among advanced nations. It has the worst gender pay gap among OECD nations, while its traditional workplace culture results in many women giving up their careers after childbirth.…

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The Guardian - UK

EU agrees to ban exports of waste plastic to poor countries

Rules, still subject to formal approval, stop exports to non-OECD countries and limit them elsewhere

The Conversation

NZ wants more seasonal workers – but Pacific nations no longer want to be the ‘outposts’ that ‘grow’ them

The three party leaders currently negotiating to form New Zealand’s next government might have their differences, but they seem to agree on one thing: the Recognised Seasonal Employer (RSE) scheme needs to expand.

The Guardian - UK

Rich countries hit $100bn climate finance goal two years late, data shows

Annual funding promise made in 2009 to help poor countries deal with climate crisis had original 2020 target

The Canberra Times

Why $10 a day childcare could be a game changer for families

A year of parental leave and cheaper childcare would have massive benefits, advocates say.

The Independent UK

Truss-backed economists say minimum wage is ‘destroying jobs’ and call for cut

Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.

The Walrus

The End of Retirement

Want to keep your house? Support your kids? Stay alive? Never stop working

The Independent UK

British women are ‘biggest binge drinkers in the developed world’ new report claims

More than a third (35 per cent) of adults across the UK report binge drinking at least once a month

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