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The Latest Breaking News from OECD

Millions Face £1,200 Benefit Cut as Rachel Reeves Pushes ‘Brutal’ Welfare Overhaul

Millions of disabled and long-term sick claimants could see their benefits slashed by as much as £1,200 a year as Rachel Reeves pushes ahead with major welfare cuts.

The Fashion Central

Treasurer Chalmers promises ‘meaningful and substantial’ cost of living help in Tuesday’s budget

Next week’s budget will have cost-of-living assistance that will be meaningful and substantial but “responsible”, Treasurer Jim Chalmers has said.

The Conversation

Tariffs and growth slump a concern for banking leaders

Australia's economic growth forecasts have been downgraded due to Donald Trump's trade war, keeping its most important financial leaders on their toes.

AAP

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Wong urges ‘all parties’ to respect Gaza ceasefire – as it happened

All the day’s news as it unfolded

The Guardian - AU

Sick and disabled face being stripped of £1,200 a year each in welfare benefits as Reeves tries to balance Budget

As the OECD downgraded British growth forecasts, chancellor Rachel Reeves is still arguing over details of benefits cuts ahead of a major statement in the Commons

The Independent UK

FTSE 100 rises despite more predictions of faltering UK growth

London’s blue-chip index made gains as economists pared back forecasts for the UK amid Donald Trump’s tariffs.

Evening Standard

Warming Paris region faces €2.5bn bill from future drought crises

Severe drought episodes could cost Paris and its surrounding areas up to €2.5 billion in economic damage by the end of the century, a report published Monday by the Organisation for Economic Cooperation and Development (OECD) warned.

Radio France Internationale

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Labour warned austerity plans are 'ramping up risk of recession'

Chancellor Rachel Reeves is "ramping up the risk of recession" with plans to impose a new era of Labour austerity, the SNP have said ...

The National (Scotland)

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Euronews

OECD Lowers Global Growth Projections Over Tariffs, Uncertainty

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025.

International Business Times

Fresh blow to Reeves as UK’s economic forecast slashed amid warnings over Trump’s trade war

The UK’s economic forecast has been downgraded, once again dashing the government’s hopes of reviving Britain’s spluttering economy

The Independent UK

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

The Guardian - UK

UK growth forecasts cut as Donald Trump sparks trade war

The UK’s economic forecast has been slashed amid downgrades for the wider global outlook as experts warn over a hit to world growth and rising…

The National (Scotland)

UK and global growth forecasts cut amid warnings over Trump’s trade war

The OECD warned that consumers would face much of the burden of the trade war as inflation is expected to be sent surging.

The Independent UK

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The Guardian - UK

UK drops down list of affluent nations after decade of stagnation, NIESR finds

Districts in Birmingham now ranked below poorest areas of France, Malta and Slovenia as institute urges rethink on planned welfare cuts

The Conversation

Despite recent increases, JobSeeker still leaves people below the poverty line. Here’s why that affects us all

Over the past two years, there has been some progress in improving the JobSeeker payment. But payment levels remain below the poverty line.

The Conversation

Quantum technologies are changing our world – what does NZ need to be part of the next revolution?

As part of a major reform of the science sector, the government plans to set up a research organisation focused on emerging technologies, including quantum technologies.

The Guardian - UK

Five years on: Britons among hardest hit by Covid fallout

Life expectancy, homelessness and young people’s mental health were among the areas where Britain performed poorly despite spending more than other countries

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Evening Standard

Fact check: Minister’s growth claim, NHS appointments and the size of the Army

Round-up of fact checks from the last week compiled by Full Fact.

Al Jazeera

How did South Korea start producing more babies after long decline?

South Korea’s birth rate has risen for the first time in nine years. But the shift isn’t significant enough, say experts

The Guardian - UK

UK awarded its lowest ranking for workplace gender equality in a decade

‘Sluggish’ pace in tackling gender pay gap and worsening employment levels push UK back to 18th in PwC index of OECD countries

The Guardian - UK

The Guardian view on a tax war: the world must unite against American obstruction

Editorial: Donald Trump’s threats to global tax reform have backfired, leaving the US isolated as nations push ahead with a new UN tax convention

Fortune

Tokyo is turning to a 4-day work week in a desperate attempt to help Japan shed its unwanted title of ‘world’s oldest population’

Tokyo even introduced a government-sponsored dating app to help people find partners.

The Conversation

Canada’s productivity strategy needs to centre workers

As Canada moves into 2025, its productivity still lags, despite efforts by the federal government to address the issue in the 2024 federal budget.

AAP

Aussie retirees tipped to join world's wealthiest

Australian pensioners are tipped to be among the richest in the world by 2030 as Australian superannuation funds representatives head to a US summit.

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