, there's very little — cost in the oecd, there's very little help— cost in the oecd, there's very littlechildren up to the age of two. and _ very young children up to the age of two, and minimal help from that point _ two, and minimal help from that point until— two, and minimal help from that point until they start school. i say parents. — point until they start school. i say parents. it — point until they start school. i say parents, it is primarily on working mothers — parents, it is primarily on working mothers if— parents, it is primarily on working mothers. if you wanted to kick—start your economy and workforce, you have to help _ your economy and workforce, you have to help those _ your economy and workforce, you have to help those who want to work get back into _ to help those who want to work get back into work by making childcare more _ back into work by making childcare more affordable. that was liz truss's — more affordable. that was liz truss's big plan, to increase the number— truss's big plan, to increase the number of— truss's big plan, to increase the number of free hour

had the highest of any industrialized country in the oecd that was part of the problem that we are notnting all of the transfer payments we added it back in and we would look a lot different. if you look at another set of data into the% of gdp spent on the transfer payments we spend t more than anybody except the french so that said we are spending the money but it isn't showing up in the other end of where the income comes in. >> also the oecd but the basic material is enriched inue the bk argue that it isn't fair for america to count medicaid and medicare as transfer payments because they are socialized medicine like everybody else when the point is we don't and if they test their they don't go to everybody. you've got to be old to get medicare and you've got to be at leastit by some definition pooro get medicaid so they are transfer payments there'st no question about it and so when you count them our situation improves dramatically. countries do have different accounting standards and in my opinion, oecd oughtea to be tryg to deal with those instead of trying to outlaw the countrie

had the highest inequality of any of the major industrialized countries in the oecd. that's part of the -- part of the problem in that we're not counting any of that. and france counts all of theirs, as far as i can tell. and there is a methodology section of that data and i went and read it all. and we do it to ourselves. in other words, if we submitted the same data that the french did and that's what part of the data we say is missing and we've added it back in and did the calculations, we would look a lot different and in fact, if you look at another set of data, which is based on the national income and product accounts and the percent of gdp that's spent on transfer payments. we spend more than anybody except the french. more than the germans, more than the brits, and so, that says we're spending that money, but it's not showing up at the other end of where the income comes in. >> and, yeah, oecd in responding to an article we wrote and the basic material is in the material, it's not fair for america to count medicare and medicaid as transfer payments because th

the tax competitiveness of the uk is set to fall from fifth in the oecd to fall from fifth in the oecdped countries. we plunging birth rates , a housing crisis, rates, a housing crisis, sluggish economic growth, flatlining productivity, labour shortages and unemployment to boot. shortages and unemployment to boot . yes what did the first boot. yes what did the first full half of our daily lob in number nine downing street consist of on friday? questions about seat belts? yes seat belts . back and forth about an issue thatis . back and forth about an issue that is so painfully trivial. an that is so painfully trivial. an that should not be taking up column inches front pages or indeed government time . yet this indeed government time. yet this morning the front page of the daily mirror is still over. it's not writing about the prime minister's belts, but providing a picture to boot. this not serious . now, legitimately, you serious. now, legitimately, you might say that seat belts are serious they do save lives . and serious they do save lives. and yes, they do. but this is about consis

yeah well when when we looked at the income inequality across the oecd countries, it's been said you know, that the us had the highest inequality of any of the major industrialized countries in the oecd that was that is part of the part of the problem in that we're not counting all of our transfer payments and france counts all their so far as i can tell. and there is a methodology section of that data and i went and read it all and we do to ourselves in other words if if we submitted the same data that the french did. and that's what part of the data we say is missing. and we've added back in when we did the calculation, we would look a lot different. and in fact if you look at another set data which is based on the national income and product accounts and the percent of gdp that is spent on transfer payments, we spend than anybody except the french, more than the germans, more than the brits and. so that says we're spending that money, but it's not showing up at the end of where the income comes in. you know, i also always the in response in to an article we wrote that is in the ba

over the from imf and the oecd over the last couple of years.nd i think we can certainly do it again . well, leader of the again. well, the leader of the true and fair party, gina , told true and fair party, gina, told gb news there's been no proper plan for brexit, that it was like building a house but forgetting to consult the architect and the surveyor. there was no particular plan . there was no particular plan. there was no particular plan. there was no particular plan. there was a drawing of brexit, but no depth or understand and that's where we got to get , to that's where we got to get, to in the trade and an agreement in the north in protocol agreement with both sides signed up to legally binding on both sides. there are already mechanisms which we can explore to make sure that we limit some of the damage that's been caused and we move forwards together and make the best of the opportunities that will come to us. uk shoppers are facing the sharpest increase in grocery bills on record after food prices rose to a new high , according to m

that's a black oecd countries.s a black swan that breaks the hypothesis that lockdowns of masse are a fact of that. it so when you look at the figures that you've independently analysed and this is why you are the recipient of the total price i a cummings which is because you fund the i came across your youtube as you say two and a half years ago, you were purely looking at the data. that's all you've ever done. looks at the figures. you take all the emotion out of it. you didn't have a vested interest. and let's face it, a lot people have done in this lot of people have done in this particular narrative. so sweden had lowest cumulative excess had the lowest cumulative excess deaths just deaths between 20 2022. it just over about 6% compared to the uk , which this data says had 24.5% excess deaths . but why is that? excess deaths. but why is that? why did sweden do so well ? well why did sweden do so well? well one of the biggest factors, bev, in covid impact, we know is metabolic health. and that's beyond us. the

this ipr report at the oecd report looking at the oecd average that 397 billion less than should havee money going to come from? well, the money's going to come ultimately improving growth. yes. but that is going to come from what we talked about the beginning. and it's improving productivity. and that means improving our skills and our investment. that means improving our skills and our investment . gentlemen, and our investment. gentlemen, thank you both for being with us for an interesting prime minister's questions session. more analysis to come. and, of course , be reflecting on that course, be reflecting on that convention. the north and what they're saying that in manchester. stay with. back after this break. hello again. it's aidan mcgivern here from the office. a lot of cloud, the met office. a lot of cloud, drizzle and fog will affect southern of the uk whilst a band of rain across central areas rises . skies follow in the north rises. skies follow in the north we've seen the earlier and we've seen the rain earlier and showers push into northern scotland with some downpours,

global carbon pricing mechanism, and we're actually doing it with the imf, the world bank and the oecd developing world expects and wants from you in your tenure as chief of the wto, because it is indeed significant that you are from nigeria. you said, on taking thejob, "the ordinary person "on the street in my village in nigeria needs to "know why the wto exists and what it exists for. "we have to do important and good things for them." what are you doing for them? i am from the developing world, very proud to be. butl... in thisjob, i'm the head of a multilateral organisation, so i'm there for all members. and ourjob at the secretariat is to support all our members. that doesn't take away from what i said, that, if people in a developing country like mine, in my village, do not know what the wto is about, there's a problem. so, we need to bring people back into the wto so that when we talk about it, people will know, "oh, it's all about trade. "it's all about supporting my living standards "and enhancing the way i live." and one of the most basic things they need — particularly in ma

the imf and the oecd over the last couple of years. i think we can years. and i think we can certainly do again . years. and i think we can certainly do again. nhs certainly do it again. nhs consultant in england will hold an indicative ballot on taking industrial action . the british industrial action. the british medical association says . this medical association says. this informal ballot represents significant escalation towards a formal one. the union says consultants are leaving the profession or cutting their hours due to signify recent pay cuts and unfair pension rules. it comes as health leaders say more than 88,000 appointments are being postponed in england due to recent industrial action . tv online and dab+ radio . this . tv online and dab+ radio. this is gb news now. it's . tv online and dab+ radio. this is gb news now . it's back to tom is gb news now. it's back to tom harwood . harwood. a very good morning to you. it's 935 and this is the briefing with me, tom harwood on your tv and your radio . now, first this and your radio. now, first th

the nhs is the fifth best funded health care system out of the 32 member oecd measured.sured as a percentage of gdp . transport percentage of gdp. transport secretary mark harper gb news earlier that the government was listening to the recommendation and the fears of the nhs trust value the people that work in the health service. that's why we have in—depth and pay review bodies that take evidence not just from ministers but also from health unions. all of the health unions in the professional bodies give evidence and those pay review bodies this last year recommended higher actually than the government had set out in its submission to those pay review bodies. but the government accepted all of those recommendations in full. government accepted all of those recommendations in full . and recommendations in full. and that's the pay offer. that's been made to unions. and obviously the process for this coming is starting. obviously the process for this coming is starting . the coming is starting. the government will listen very carefully to that will. we accepted of the acce

the question about those raises, i was reading yesterday that over the last 50 years, looking at 16 oecd economies, any time inflation has gone above eight, how long does it take to get below three? the median is about 10 years. in terms of what people are looking at here, they are hoping for an event -- you can describe it as they are trying for hope over experience for what will happen. but the point that has been made is that there is a real return of risk off sentiment in the bond markets. bond markets now have attractive returns that they did not have a four. -- have before. like you said, volatility has fallen, which means people can miss -- make risk positions. you are seeing a push and pull between what the markets want to believe and employing capital versus what the central banks are trying to tell them. what will happen over time as the inflation data is going to prove more sticky than people think. tom: what would you need to see to ramp up your risk exposure? would it be a pause or a cut? niall: at the moment, we have been overweight on the credit side because we think the p

check on the commodities landscape for fortescue metals and we discuss with the secretary-general of oecd mathias cormann arabile, we are not at the top of the agenda. that was last time around which was bitcoin. we were talking during the break about how bitcoin has been on a tear up 13 sessions in a row at a time when inflation is beginning to come off. here is bitcoin two years ago at davos. tout as inflation hedge. new asset class that could become an inflation hedge and get adopted by the mainstream finance world. fast forward this time around. my understanding this is far from the top of the agenda for this swiss forum this week >> this is despite having had a year where wicrypto was the headlines. now pausing at 20,000 mark by the looks of it. between 60,000 and this seems to be the sweet spot for the last couple two months. this is the first time in over two months it passed 20,000. it does give you an interesting look, as you said, up 13 consecutive days, as now passing that level can i put a damper on davos? i know we're touting who is there and who is speaking with our coverage

imf and the oecd over the last couple of years.rtainly do it again with already heard from the governor of the bank of england he thinks that england that he thinks that any recession uk is recession here in the uk is going be shallower of the going to be shallower of the policies and policies of jeremy irons and rishi sunak, is good, but rishi sunak, which is good, but we need to get back to growth as quickly yeah. quickly as possible. yeah. and of course you having huge strikes tomorrow. hundred thousand seven thousand workers across seven unions really going to help unions is really going to help with isn't it ? no, it's with growth, isn't it? no, it's not. and i really don't want see the unions out on strike. what i want to see is the unions sitting down looking at the overall circumstances. and, you know , accepting reasonable pay know, accepting reasonable pay deals. i think that's what's really for people in the uk . really for people in the uk. they don't want to see kids education disrupted. not after covid. education disr

and israel, the only oecd country with an above two above replacement , above two above replacement,ually have children per woman. there's a very correlation. they don't know what it's to be wiped out. and they and they have a sense of vulnerability from the surrounding nations. now, i'm not calling on the country to become fundamentalist strictly religious , even super religious, even super nationalist, but i do think we need a stronger national story, which we can all identify with, including people within highly overseas ancestors like me, a sense britishness and a sense of wishing to continue our national story. i think that will certainly play into a higher fertility rate. and i do agree with you that are very atomised society where people have an identity and they have any kind of faith and they don't have any kind of community is kind of society where you're going to have very low fertility rate. having said, course, having said, of course, the japanese have strong sense of japanese do have strong sense of identity and they're still not fully suited to this of you fully suited

and if you compare the nhs now with other countries are oecd countries , we're in the bottom countriest everything. beds head of population staffed by head of population, doctors, nurses , all of that. we're in nurses, all of that. we're in the bottom quartile . we just the bottom quartile. we just don't have enough capacity. that's why everything is chockablock okay , roy, good to chockablock okay, roy, good to talk to you. thank you very much indeed. talk to you. thank you very much indeed . oh well, talk to you. thank you very much indeed . oh well , that's indeed. oh well, that's depressing, isn't it ? it just depressing, isn't it? it just goes to show that actually any easy answers to all of this and it all depends on quite what prospect, if you view it all from coming up on the programme, we're going to be about the trailers that have been released for latest , the for prince harry's latest, the first history news update from tamsin . tamsin stevens. thank tamsin. tamsin stevens. thank you. it's 132. tamsin. tamsin stevens. thank you. it's132. here are the gb newsroom train. pass

and israel, the only oecd country with an above two above replacement , above two above replacement,ually have children per woman. there's a very correlation. they don't know what it's to be wiped out. and they and they have a sense of vulnerability from the surrounding nations. now, i'm not calling on the country to become fundamentalist strictly religious , even super religious, even super nationalist, but i do think we need a stronger national story, which we can all identify with, including people within highly overseas ancestors like me, a sense britishness and a sense of wishing to continue our national story. i think that will certainly play into a higher fertility rate. and i do agree with you that are very atomised society where people have an identity and they have any kind of faith and they don't have any kind of community is kind of society where you're going to have very low fertility rate. having said, course, having said, of course, the japanese have strong sense of japanese do have strong sense of identity and they're still not fully suited to this of you fully suited

the all the oecd countries, that the sort of 38 advanced industrial countries around the world, only talking about investment in transport, investment in transport, investment in transport, investment in social infrastructure public spaces and so on. that's a pretty number. the ipp all talk about inequalities across the uk and systemic under investor . and of systemic under investor. and of course, i was up in the north—east last week checking what's going on at that britishvolt factory and chemists near the deep water port of blythe. and i said to you a couple of days ago , i think new couple of days ago, i think new bidders will for that site because it's such a great site. it's got huge potential blythe means you can export the batteries you've got lots of renewable coming in off the nonh renewable coming in off the north sea . the site used to be north sea. the site used to be where a power plant was is all hooked up the national grid. hooked up to the national grid. lots of that expensive stuff is already done and overnight from australia, bidder has australia, a new bidder has

that is three times the oecd average. the average of other wealthy countries, which is more like 9.sive, particularly expensive, particularly expensive, yes. so that's the thing, isn't it because when you add in the fact that people will have mortgage repayments, they've got energy and they've got else outgoings that got whatever else outgoings that they normal stuff they do have just normal stuff life you add a child life stuff. when you add a child into the mix there and, i don't know about your personal circumstances. don't to circumstances. don't need to know, but i don't know, of course, but i don't mind which one mind revealing which is the one of main reasons why i of the main reasons why i am. yes, i have child apart from. yes, i have a child apart from. the that haven't found the fact that i haven't found a woman stupid enough want to reproduce with me, course. is reproduce with me, of course. is i afford and the i just couldn't afford and the burden of my life would be to give. enjoy sitting here too give. i enjoy sitting here too much little bit of much and having a littl

that is three times the oecd average. the average of other wealthy countries, which is more like 9.sive, particularly expensive, particularly expensive, yes. so that's the thing, isn't it because when you add in the fact that people will have mortgage repayments, they've got energy and they've got else outgoings that got whatever else outgoings that they normal stuff they do have just normal stuff life you add a child life stuff. when you add a child into the mix there and, i don't know about your personal circumstances. don't to circumstances. don't need to know, but i don't know, of course, but i don't mind which one mind revealing which is the one of main reasons why i of the main reasons why i am. yes, i have child apart from. yes, i have a child apart from. the that haven't found the fact that i haven't found a woman stupid enough want to reproduce with me, course. is reproduce with me, of course. is i afford and the i just couldn't afford and the burden of my life would be to give. enjoy sitting here too give. i enjoy sitting here too much little bit of much and having a littl

and how does it fit into things like eu or oecd secession. seems to me like those are going to be vectors are ways in which major improvements or further progress will be made into as of governance and rule of law as part of eu accession. do you agree with that? >> absolutely. we will soon have to do rules but ukraine has improved a lot it since. you can send databases cases being conducted by national enclave corruption real. i can see is a high being investigated, like members of parliament, high-level officials, people that have to be transparent. and if they are accused and there will be persecution, they will have to be sentenced, we have to be clear here. the people of ukraine, in first instance can people ukraine, people of ukraine and want to see justice. i'm sure government of ukraine now understands that and the will dash or they will be able to deliver on that. >> good. my other question for you is about the size of state-owned enterprises in the economy. could you talk about, sergiy, it's easy for us to sit up for me to sit in an

in fact if you were to cleave off the north of england and compare it to others in the oecd, as a countryagine if we'd had that in the post—war period in the way that germany has. and mechanisms to redistribute the funding to support that. well, it's for certain that we would have a modern industrial base that is much bigger than what it is today. part of the problem is finance. these last 20 years, the banks have withdrawn from the british high street, that personal relationship between bank manager and local business, replaced by remote, centralised decision making. after the banking crash in 2009 many were starved of cash. but there is one man who has made it his life mission to support local businesses. in 2011 dave fishwick, from my home town of burnley, did something no—one had done in 100 years, he set up his own bank. not that easy, taking on the big boys, but the dave and goliath battle with the city of london, hasjust been made into a netflix movie. so, a man wants to open a bank. is this the start of anotherjoke? this is the case. no. costs the financial regulations board haven

the a country, greece the north were a country, greece would the only nation to would be the only oecdtion to enjoy public and private enjoy less public and private investment the north. and investment than the north. and these are all figures because, as you said, i mean, this is it. this is what the government have.i this is what the government have. i have said that they were going to do. that's what they promised in 2019. that was the red wall vote. it signs red wall vote. it was not signs brexit more investment. absolutely. and we're getting closer an election closer and closer to an election next year now. and they're fighting to deliver. yeah, incidentally, if you're listening, watching from listening, you're watching from up north, wherever that is deemed to be, whereas up north regarded to be that north of north of watford, north of watford , everything is like the watford, everything is like the midlands. this would be up north as well. it seems so what is defined as the north, as as the north to the basically it's everywhere but london really. and that includes down south an

it is extraordinary that we are literally the only country in the oecd where young people in englandcountry and quite often involves a foreign language and a science, so i certainly welcome, i really do welcome a focus on having more maths between 16 and 19, but i think that ought to be part of a wider overall of the curriculum amongst 16 to 19—year—olds and should be put in the context that this is the part of the context that this is the part of the education system where we talk about schools a lot and early years about schools a lot and early years a lot and universities a lot, but this is the part of the education system that has had the biggest cuts in funding in the last ten or 15 years and where we don't even provide funding for anything like full time education. i provide funding for anything like full time education.— provide funding for anything like full time education. i didn't think ou'd had full time education. i didn't think you'd had an _ full time education. i didn't think you'd had an answer _ full time education. i didn't think you'd had an answer to _ full time e

international business transactions of the organization of economic cooperation and development, the oecd, which was adopted in 1997. it references the united nations convention against transnational organized crime, that was agreed to in 2000. and the united nations convention against corruption, which was agreed to in 2003. these guidelines already exist and allow the united states to use those guidelines that have already been established by the global community to judge how every state is meeting their commitment to fight corruption. countries that are not meeting their commitment, we put a spotlight on them. that spotlight encourages them to do more. it points out ways in which they can take action to fight corruption in their own country. now, this is not a new strategy that we just came up with, that we start giving a report on all countries on how well they're doing in fighting corruption. that's not a new concept. we've done that successfully in several other areas. one we should take great pride in this institution, because we were the ones that established this, was the traffic

people like to point out about how much they manufacture, but they produce more missions than the whole oecdombined, and we lead the world the reduction of tons of emissions and china is increasing by three times per year than we are cutting. these are just numbers, these are just facts. and i wrote a paper columbia, i published last week, 57% of all of the beach use in china from all energy use is from coal and it's going up. it is going up. and so china is not the benchmark. they do manufacture something as well, but they are not the benchmark. i wish everyone just kind of new kind of the fact pattern on that. u.s. leadership for the energy allows us flexibility around prices, this is what we are hearing earlier, and as many people here who are veterans, there are less people in the way where i was younger when i was in the military in allows flexibility that did not exist and it allows us from a security point of view to support our allies, where if we hadn't been building what we have been building in texas and elsewhere, we would not be in the place to help our friends. >> when you spea

it's the most extraordinary amounts of money now above well above the oecd average for funding a healthmes , those outcomes those outcomes, those outcomes have got worse and clearly there are issues with the pandemic and everything else, but clearly the government really does need to make that investment. the overwhelming that has gone into the nhs , the need to make that the nhs, the need to make that feel like it's gone in, they need to see those outcomes match those inputs. well, a big part of of people talk of that a lot of people talk aboutis of that a lot of people talk about is social care. thank you. we might something about we might hear something about that this afternoon. well, it's interesting, course, that interesting, of course, that social that boris social care reform that boris johnson a couple of johnson announced a couple of ago been rather delayed and ago has been rather delayed and dismantled some extent by the dismantled to some extent by the last to administer nations. now, the money that was going to plonk that sort of health and social care levy, that initially

england were a country, it would be second only to greece for the lowest levels of investment in the oecdt the convention of in manchester. what message would you like to convey? what message would you like to conve ? . what message would you like to conve ? , ., , ., , convey? the number one thing is as we have seen _ convey? the number one thing is as we have seen from _ convey? the number one thing is as we have seen from the _ convey? the number one thing is as we have seen from the report i convey? the number one thing is as we have seen from the report the i we have seen from the report the investment in the north is shockingly poor and has been for a long time. if we are going to be a successful country that means getting people skills levels up, better transport can generate the wealth we need in our country and the north can be a huge part of that. for hundreds of years the north powered the industrial revolution, we are a global leader, we should be back again.— we should be back again. there is investment _ we should be back again. there is investment coming _ we should be back

the ippr north paper you refer to said we would need to invest nationally £397 billion to hit the oecd country have been denied the infrastructure we need because it builds a bigger economy. i'm going to put some new research to the convention today because of the poor standard of rail infrastructure and rail services. standard of rail infrastructure and railservices. on standard of rail infrastructure and rail services. on trans— pennine express, over the last year, we have seen 15,000 services cancelled. 15,000 services taken out of a timetable. two thirds of those don't face a penalty because they announced on the day before. this is what is held in the north of england back. and this is what has got to change. and the convention of the north, i think it's a sign the north is getting stronger, getting more organised, we won't put up with things they way they have been common and we are waiting. it's a message to both political parties actually. message to both political parties actuall . , ,., message to both political parties actuall . , ., ., , actually. they both have to respond.