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Income inequality still at record levels, says OECD

Income inequality still at record levels, says OECD

Thinktank says the poorest 10% have been unable to recover from financial crisis because of falling real wagesThe gap between the rich and poor remains at record levels, according to the Organisation
Protectionism and trade disputes threaten world growth, says OECD

Protectionism and trade disputes threaten world growth, says OECD

In its first forecasts since Donald Trump’s election, thinktank says jobs will suffer if politicians row back on globalisationA new wave of protectionism and trade tensions risks denting global
Scepticism about a Brexit apocalypse looks increasingly justified

Scepticism about a Brexit apocalypse looks increasingly justified

The IMF and the OECD’s predictions of economic gloom went awry, and continued fallbacks may see them lose credibilityIn the months leading up to the EU referendum in June, George Osborne had two
Aid in reverse: how poor countries develop rich countries | Jason Hickel

Aid in reverse: how poor countries develop rich countries | Jason Hickel

New research shows that developing countries send trillions of dollars more to the west than the other way around. Why?We have long been told a compelling story about the relationship between rich

30 Charts Proving We’re In The Mother of All Financial Bubbles

This post 30 Charts Proving We’re In The Mother of All Financial Bubbles appeared first on Daily Reckoning. While economic conditions might point toward a sustained financial recovery, these times are

How the U.K. Turned Trump’s Tweet into a $125 Million Contract

This post How the U.K. Turned Trump’s Tweet into a $125 Million Contract appeared first on Daily Reckoning. As the U.K. prepares to negotiate Brexit terms in March, British PM Theresa May transformed
Hammond gets budget boost as OECD upgrades UK growth forecast

Hammond gets budget boost as OECD upgrades UK growth forecast

UK expected to grow faster than thought in 2017 but chancellor urged to support jobs amid fears over inflation and house pricesThe west’s leading economic thinktank has raised its outlook for the UK
Governments must keep reforming to win back voters' trust, says OECD

Governments must keep reforming to win back voters' trust, says OECD

Thinktank says progress has slowed and governments must push through change or face sluggish growth and inequalityGovernments must push through more fundamental reforms to boost growth, cut inequality
Brexit could damage UK's fight against corruption, says OECD

Brexit could damage UK's fight against corruption, says OECD

Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says groupBrexit could damage the UK’s efforts to tackle corruption and give
UK should axe state pension for rich people, says OECD

UK should axe state pension for rich people, says OECD

Scrapping payments to wealthiest 5% to 10% would allow government to give more to people in greater need, says thinktankBritain should stop giving the state pension to the rich and instead spend the
UK pay growth outlook is 'among gloomiest in advanced economies'

UK pay growth outlook is 'among gloomiest in advanced economies'

Only Greece, Italy and Austria are forecast to suffer bigger falls in real wages by end of 2018, analysis findsThe prospects for pay growth in the UK are among the gloomiest in advanced economies,
OECD: outlook for global economy is ‘better, but not good enough’

OECD: outlook for global economy is ‘better, but not good enough’

Thinktank forecasts UK will suffer Brexit-related slowdown and calls for end to austerity Rising inflation and weak wage growth will leave Britain rooted to the bottom of the league table for living
Ex-Trump Advisor Anthony Scaramucci May Finally Get a White House Job

Ex-Trump Advisor Anthony Scaramucci May Finally Get a White House Job

Scaramucci previously worked closely with Trump's campaign and transition team
BIS warns rolling back globalisation would be ‘detrimental’

BIS warns rolling back globalisation would be ‘detrimental’

International body claims closer cross-border ties are not to blame for within-country inequality and urges cooperation with governments to manage risksThe international body that represents the
Locked in the Low-Growth Trap

Locked in the Low-Growth Trap

This post Locked in the Low-Growth Trap appeared first on Daily Reckoning. The OECD released its latest report that the United States and global economy is in a low-growth trap. Could an economic
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies

Why is productivity so low since the crisis – particularly in the UK? | Howard Davies

Policymakers must act before the lack of productivity and real wage growth causes further political upheavalsIn all major economies, the so-called productivity puzzle continues to perplex economists
Tories' 30-hour free childcare plan fails to target poor families, says expert

Tories' 30-hour free childcare plan fails to target poor families, says expert

OECD education director welcomes scheme but questions government’s decision to focus on working parentsThe government’s plan to provide 30 hours’ free childcare has been criticised by a leading global

50 States Of Gray: Aging America Faces Retiree Battles, Even Slower Growth

An aging U.S. population has been a drag on economic growth. That's set to intensify, while governments are swamped by unfunded promises for retirees.
Tuition fees row: education expert warns over graduate earnings

Tuition fees row: education expert warns over graduate earnings

Graduates do not get as good a return on their investment in English system as in other OECD countries, says Andreas SchleicherA leading global education expert has intervened in the row over student
UK growth will trail Italy, France and Germany next year, says OECD

UK growth will trail Italy, France and Germany next year, says OECD

Pound’s Brexit slide has pushed up inflation and dampened purchasing power, says forecastItaly, France and Germany will grow faster than Britain next year as Brexit uncertainty continues to weigh on