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The Latest Breaking News from OECD

This budget’s tax tinkering isn’t the same as meaningful tax reform. Here’s why

Labor’s tax changes this week do not tackle tax reform, or why we desperately need it. They only address the amount collected from personal income tax, which is the largest source of tax revenue.

The Conversation

First Thing: Mike Waltz takes ‘full responsibility’ for Signal chat gaffe

National security adviser accepts he made the group but deflects blame. Plus, the definitive guide on getting over a grudge

The Guardian - UK

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

Euronews

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Tackling climate crisis will increase economic growth, OECD research finds

Third of global GDP could be lost this century if climate crisis runs unchecked, says report

The Guardian - UK

Rachel Reeves ‘set to impose further welfare cuts worth £500m’

The Office for Budget Responsibility is said to have rejected the Treasury’s saving estimates from last week’s welfare cuts, paving the way for even more difficult choices

The Independent UK

Reeves poised to make further welfare cuts as budget watchdog gives its verdict

Chancellor Rachel Reeves will acknowledge she needs to go ‘further and faster to kickstart growth’ in her spring statement .

The Independent UK

Reeves to address grim economic outlook as she faces budget watchdog’s verdict

Fiscal watchdog the OBR is reported to have warned that welfare cuts will not save ministers the £5 billion they had expected.

Evening Standard

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Reeves gets budget watchdog’s verdict as she hunts for elusive economic growth

Chancellor Rachel Reeves will set out how she will balance the books against a backdrop of economic stagnation.

The Independent UK

Chancellor faces ‘tough balancing act’ if tax on big tech firms is scrapped

One expert has said the perception of lowering taxes on big businesses while making government spending cuts would likely face criticism.

Evening Standard

X stands to benefit if UK pulls digital services tax in trade deal with US

Prominent campaigner says Elon Musk’s platform qualifies for the levy, which is on the block in negotiations

The Guardian - UK

Thirty-seven patients die needlessly each day in the NHS. Change is good, but patient safety must come first

The biggest area of risk – in terms of lives lost and cost – involves NHS maternity units. Organisation upheaval must not distract us from what matters most, says former health secretary Jeremy Hunt

The Guardian - UK

Big pharma is taking aim at Australia’s PBS. Could Trump force us to pay more for medicines?

Big pharma US wants to sell more drugs in Australia for more and its demands are now entangled with the ongoing trade tariff war

The Guardian - AU

Why is Trump dismantling the Department of Education – and what’s next?

The process of gutting the department will require approval from Congress, which might be hard to secure.

Al Jazeera

England’s national curriculum is up for review – lessons from abroad show how it could work better for everyone

A review of the English school curriculum is currently underway. The review’s recently released interim report makes clear that the current education system is not working well for all young people – in particular those with special educational needs and from more deprived backgrounds.

The Conversation

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The Guardian - UK

Government debt costs in richest nations at highest since 2007

Payments by OECD countries outstrip amount spent on defence, police services and housing, report finds

Al Jazeera

Why has the UK government announced swingeing welfare cuts?

Prime Minister Keir Starmer says cuts will save UK billions per year, but advocacy groups slam move as ‘immoral’.

inkl

A Cross-Industry Outlook on Preparing for the Next Economic Dip

With the OECD projecting global growth to slow to 3.1% in 2025 and 3.0% in 2026, and trade policies continuing to shift unpredictably, businesses worldwide face a range of new challenges. From ongoing supply chain uncertainties to changes in consumer demand, leaders across industries are seeking strategies to stay competitive.

The Conversation

Why international students could be a critical factor in bolstering Canada’s economic resilience

For decades, international students have contributed to Canada’s research enterprise, workforce development and economic growth.

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The Fashion Central

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 Conversation

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.

AAP

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.

The Guardian - AU

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

All the day’s news as it unfolded

The Independent UK

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

Evening Standard

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.

Radio France Internationale

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.

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