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The Latest Breaking News from OECD

To become a fairer nation, Australia needs to set national inequality targets

“Income inequality hits a 20-year high”. “Housing is less affordable than ever”. “The staggering truth about wage inequality in Australia”. Those are just some of the headlines we’ve seen this year about new research on growing inequality, which often hits younger Australians hardest.

The Conversation

If we want a better, more equal society, we need more tax. But more tax only works if big business pays their fair share

Trust in both the tax and political system will falter if people feel they are being punished for not paying tax while large companies legally get away with paying nothing

The Guardian - AU

Australian teachers are some of the highest users of AI in classrooms around the world – new survey

Australian teachers are more likely to be using artificial intelligence than their counterparts around the world, according to a new international survey.

The Conversation

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UK Business Confidence Plunges to Record Low as Labour and Energy Costs Bite

UK business confidence hits record low in September as labour and energy costs surge. IoD urges Reeves to deliver a growth-focused November budget.

International Business Times UK

Why we should be skeptical of the hasty global push to test 15-year-olds’ AI literacy in 2029

If 2022 was the year OpenAI knocked our world off course with the launch of ChatGPT, 2025 will be remembered for the frenzied embrace of AI as the solution to everything. And, yes, this includes teaching and schoolwork.

The Conversation

Wealth taxes in Europe: Who collects them and how much do they raise?

Several European countries have repealed wealth taxes in recent decades. As of 2025, only three still impose a tax on individual net wealth, while a few others levy taxes only on selected assets.

Euronews

Unpaid work in Europe: Which countries have the biggest gender gaps?

Unpaid work is a significant aspect of gender inequality in Europe, with women on average spending two hours more per day on it than men. Differences in the gap follow regional trends, shaped by gender stereotypes and norms.

Euronews

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Revenues from corporate income tax in Europe: Which countries collect the most?

The share of corporate income tax in total tax revenues and GDP varies widely across Europe, reflecting differences in national tax policies. Euronews Business takes a closer look at the shares, rates, and what they mean.

Euronews

Australia, along with other OECD countries, is mired in mediocrity – and the RBA seems intent on keeping us there

If the Reserve Bank won’t drop interest rates next week, it will be another example of one of our institutions aiming low

The Guardian - AU

Trump's Tariffs Have Already Hurt the Economy—and the Pain Is Only Beginning

The OECD just published its projections for American growth, and they're grim.

Reason

Reeves must abandon manifesto tax pledges, think tank says amid £30bn Budget black hole

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Independent UK

As growth hopes fade, shrinking Reeves has a mountain to climb

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

The Independent UK

Kingfisher flies but FTSE 100 loses early gains

The FTSE 100 Index closed down 3.36 points at 9,223.32.

Evening Standard

OECD warns Trump’s tariffs have ‘yet to be fully felt in the U.S. economy,' downgrades growth forecast with grim outlook

U.S. growth is set to fall to 1.5% in 2026.

Fortune

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The Independent UK

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

International Business Times

Tech Migrants 'Key' For US Growth, Warns OECD Chief Economist

High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry.

Evening Standard

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

International Business Times

OECD Ups World Economic Outlook As Tariffs Contained, For Now

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

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The Independent UK

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Guardian - UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Independent UK

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

AAP

Economy shrugs off tariff turmoil to outperform peers

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

The Guardian - UK

‘A defining moment’: Trinidad and Tobago at a crossroads as oil runs out

Fossil fuels made the nation prosperous but as reserves dwindle, do they drill deeper, even as the Caribbean feels the heat of the climate crisis, or shift to a greener economy?

The Conversation

To close its productivity gap, Canada needs to rethink its higher education system

Canada is facing a productivity crisis that threatens wages, competitiveness and long-term prosperity. Canadian productivity lags behind the United States by 28 per cent and ranks 18th among Organisation for Economic Co-operation and Development (OECD) countries.

Euronews

Where in the EU do most young adults have a university degree?

Where do most young Europeans have a higher education degree? A new OECD report reveals sharp contrasts across the EU, with Ireland at the top and Italy at the bottom.

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