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The Latest Breaking News from OECD

'Pensions not safe under Westminster' as triple lock comes under threat

THE SNP have warned Scotland’s pensions will never be safe under Westminster control after an economic watchdog called for the triple lock to be…

The National (Scotland)

Eurozone inflation falls to within striking distance of 2% target

November’s figures fuel speculation about timing ECB interest rate cut as concerns grow about national finances

The Guardian - UK

Afternoon Update: Brittany Higgins defends herself under cross-examination; Henry Kissinger dies; and a new newsletter for chart lovers

The former Liberal staffer broke down in tears as she told a defamation trial she was more concerned about being raped than about her dress

The Guardian - AU

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Parliamentary report slams mutual obligation, calling for total overhaul of employment services

A parliamentary inquiry has delivered a scathing indictment of Australia’s employment services, finding it does not serve the interests of job seekers or employers and urging the privatised system be partially wound back.

The Conversation

Central Banks Risk Tipping UK and Other Developed Countries Into Recession

The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.

International Business Times UK

Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak

Federal treasurer downplays prospect of posting a second successive budget surplus

The Guardian - AU

Immigration debate continues – as it happened

This blog is now closed

The Guardian - AU

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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

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

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

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The Guardian - UK

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 Independent 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

WEKU

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.

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The Conversation

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 Guardian - UK

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 - 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.…

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

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