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The Latest Breaking News from OECD

What Labour’s first budget means for wages, taxes, business, the NHS and plans to grow the economy – experts explain

For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise…

The Conversation

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

The Conversation

Chair Of Global Plastics Talks Pledges Deal Next Month

A global treaty to curb plastic pollution will be secured at a summit in South Korea next month, the chair of the talks pledged Wednesday, although he cautioned there were still complex disputes and the time frame was a "big challenge".

International Business Times

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Change 'fiscal rules' so UK can catch up internationally, John Swinney urges Labour

THE Labour Government should change its fiscal rules to allow borrowing for public sector investment, First Minister John Swinney will say in a…

The National (Scotland)

Why a new climate finance goal already has countries fighting

Even though India’s southwest monsoon season is officially over, it left much loss and damage in its wake. The most devastating disaster this season was the landslide in Kerala’s Wayanad which killed over 400. The impact of climate change on India’s weather systems is well recorded. As every season becomes more intense and…

Newslaundry

FIA introduces salary offset for Audi in 2026 F1 cost cap

The FIA has introduced a cost cap offset in Formula 1's 2026 financial regulations, due to the Sauber team's higher salaries in Switzerland.

Motorsport

FIA introduces salary offset in 2026 F1 cost cap for Audi

The FIA has introduced a cost cap offset in Formula 1's 2026 financial regulations to accommodate the Audi team's higher salaries in Switzerland.

Autosport

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UK wealth gap surges by nearly 50% in under a decade, research finds

Exclusive: Sir Keir Starmer urged to end ‘moral outrage’ of inequality as charity warns UK wealth gap now only second to US among OECD countries

The Independent UK

OECD calls off antibribery mission to Hungary in unprecedented move

Paris-based organisation cites government’s failure to act on its previous recommendations, some more than a decade old.

Al Jazeera

Vinnies seeing more and more homeless people among those living in poverty

Hunter help-seekers continue to rise during Anti-Poverty Week.

Newcastle Herald

The Observer view on the employment rights bill: workers finally get the protection they deserve

Labour’s new deal is a solid package that will deliver not just higher productivity but a healthier workforce

The Guardian - UK

'Denying My Potential': Women At Japan's Top University Call Out Gender Imbalance

Chika Ezure faced gender bias from her own family when deciding to do a master's degree at Japan's top-ranked university.

International Business Times

Productivity is often mistaken for wages. What does it really mean? How does it work?

Australia’s productivity growth has reverted to the same stagnant pattern as before the pandemic, according to the Productivity Commission’s latest quarterly report.

The Conversation

Wealthier Canadians live longer and are less likely to be dependent as they age, new research finds

Population aging is a growing challenge for developed countries like Canada, with significant implications for health care and long-term care systems. In OECD (Organisation for Economic Co-operation and Development) countries, the population of people aged 80 and above is projected to more than double by 2050, reaching 9.8 per cent…

The Conversation

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The Conversation

Torsten Bell is Labour’s rising star. He could now be on a collision course over its economic policy

The Labour MP Torsten Bell is widely considered to be a rising star of the party. His recent book, Great Britain? How We Get Our Future Back, provides a detailed description of what he sees as the key economic challenges facing the UK today and proposes a series of policy…

The Guardian - UK

Time is ticking for Labour to scrap the two-child limit – and then make Britain a welcoming place for children again

Axing the cap is the first step towards pulling children out of poverty. Could £2.5bn ever be better spent, asks Guardian columnist Polly Toynbee

The Conversation

OECD comparisons reveal an unflattering picture of inequality in NZ – could that change?

Recent research showing the richest New Zealanders pay less tax than their counterparts in nine similar OECD countries raises, yet again, serious questions about wealth, equality and fairness.

The Guardian - UK

Targeted support could reduce infant mortality gap across England, study finds

Researchers say interventions could address key factors, such as smoking, but ‘structural changes’ also needed

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The Guardian - UK

Is UK maternity pay excessive and how much does it cost the taxpayer?

After Kemi Badenoch’s comments on maternity pay, how does the UK compare with other countries?

The Guardian - UK

End of an era as Britain’s last coal-fired power plant shuts down

UK’s 142-year history of coal-fired electricity ends as turbines at Ratcliffe-on-Soar plant in Nottinghamshire stop for good

AAP

More borrowers falling behind but better days are ahead

Some households are doing it tougher due to high inflation and interest rates but conditions are about to improve, a Reserve Bank of Australia report says.

The Guardian - UK

Pressure mounts on publisher of Economist over ties to tobacco

Exclusive: Experts pull out of health conferences run by Economist Impact after revelations of commercial links

Evening Standard

OPINION - Rachel Reeves has more reasons to smile as OECD upgrades UK growth

Now, about those fiscal rules...

The Guardian - UK

UK economy to grow faster than Japan, Italy and Germany this year, says OECD

Forecast upgrades UK to joint second after US but it is still expected to have highest inflation among G7 countries

The Guardian - UK

Universities are in a hole: linking student fees to inflation is the fairest way forward

To ensure less privileged students are not put off, a more progressive system for repayment of loans is also urgently needed, says former Labour MP Peter Mandelson

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