the oecd's last economic survey of mexico pointed out some trouble signs. they indicated that investment in mexico has been weak for the last nine years since 2015. and they made a key recommendation that if mexico wants to be stronger in the oecd pillar values, they should provide investors with certainty and regulatory stability. the report notes that, quote, with appropriate policy settings, mexico could reap further benefits from the strong recovery in the united states and the ongoing reorganization of global supply chains closer to consumer markets. in other words, mexico has a huge upside in an economy that's globally coming out of covid. but this type of behavior by the mexican government against companies like vulcan is exactly what is limiting mexico's ability to reap the benefits of oecd membership. senator hagerty and i are supporters of near shoring and closer economic engagement not just with mexico but with other nations in the western homes fear. we're -- hemisphere. we're original cosponsors of senate resolution 273 which we introduced earl

damage that has been done not only to economy but also the new oecd_ only to economy but also the new oecdt what it has done _ oecd studies have come out what what it has done to educational levels and so _ it has done to educational levels and so forth. by the way, you can give _ and so forth. by the way, you can give us _ and so forth. by the way, you can give us a — and so forth. by the way, you can give us a plug, this is our book, you can — give us a plug, this is our book, you can get _ give us a plug, this is our book, you can get it online free at the institute — you can get it online free at the institute for economic affairs. that is uuite institute for economic affairs. trust is quite interesting, christina, i was starting to ask myself today amid all the animals that was there in number ten whether this process has value? does it answer some of those fundamental questions like where lockdown worked? ——animus. has it served the purpose of telling us where to spend the money next time? it us where to spend the money next time? . . , us where to spend the money next time? . ., , .

again, you had the imf, the oecd at investment banks.— investment banks. a little _ investment banks. could you slow down a little bit. _ investment banks. could you slow down a little bit. i— investment banks. could you slow down a little bit. i was _ investment banks. could you slow down a little bit. i was taking - investment banks. could you slow down a little bit. i was taking your state to move _ down a little bit. i was taking your state to move on. _ down a little bit. i was taking your state to move on. i _ down a little bit. i was taking your| state to move on. i misinterpreted the signal. mi; state to move on. i misinterpreted the siunal. g ., , state to move on. i misinterpreted the siunal. y ., , ., the signal. my point would be that there was considerable _ the signal. my point would be that| there was considerable information about the economic impact on the economy in the public domain, not just from hmt, but many other independent expert bodies. so even if the specific advice on a micro point wasn't published, there was a lot of evidence o

it's a fairly normal oecd isn't. it's a fairly normal oecd level.n always find some examples where they spend even more, but then they get other things right. but the truth is, taxes are at a 70 year high and public spending is i mean, 20 years ago, public spending is a relative to the size of the economy was about 35, give or take. >> it's now north of 45. so it's gone through the roof. and yet actually most people would say pubuc actually most people would say public services are worse, which surely proves that actually that graph about public sector productivity is probably actually going down. it seems the more money throw at it, the more money you throw at it, the more money you throw at it, the it gets. the worse it gets. >> yeah. exactly that >> well, yeah. exactly if that was to generate growth, was the way to generate growth, then would now in then we would now be in a booming economy because it really is at at a peace time record high. now you understand this stuff. >> so those factors we've sort of had but the two new factors, mass immigr

this was the biggest contraction since the second world war in any oecd country. it is an opportunity to really change the country. essentially, what i would like to do is make sure i release creative forces. greeks are incredibly talented and i want them to be able to prosper in the country rather than move abroad. francine: what is your biggest dream for greece? pm mitsotakis: to become a global protagonist in those areas where we can be a protagonist, and to be able to catch up in those areas where we are still laggards. and to address what i consider to be the three big challenges, which is the environment, the digital challenge, the opportunities and threats of ai. but also, for me, probably the most important challenge is income inequality. at the end of the day, i want to look at the goals we delivered. i will be happy if i see less inequality rather than more. it's always a risk in rapidly-growing economies that you actually have more inequality. we have been able to lower inequality over the past four years because we have actively supported those in need

it's a fairly normal oecd isn't. it's a fairly normal oecd level.n always find some examples where they spend even more, but then they get other things right. but the truth is, taxes are at a 70 year high and public spending is i mean, 20 years ago, public spending is a relative to the size of the economy was about 35, give or take. >> it's now north of 45. so it's gone through the roof. and yet actually most people would say pubuc actually most people would say public services are worse, which surely proves that actually that graph about public sector productivity is probably actually going down. it seems the more money throw at it, the more money you throw at it, the more money you throw at it, the it gets. the worse it gets. >> yeah. exactly that >> well, yeah. exactly if that was to generate growth, was the way to generate growth, then would now in then we would now be in a booming economy because it really is at at a peace time record high. now you understand this stuff. >> so those factors we've sort of had but the two new factors, mass immigr

looking to align with international definitions, so following and changing through the discussions to oecdmpact this will have. caroline: the whole difficulty was frustrating innovation on the one side and on the others -- was fostering innovation on the one side and protecting consumers on the other. does this protect innovation in europe? many were worried about some of the startups. ashley: i think it is to be determined how this is going to be enforced and the implications. i do think what has been drafted and what we have seen from the dialogue because we have not seen the text of the final act will be left to how it is enforced i think relying on product safety like third-party audits will provide that balance in the protection of the public. caroline: what is notable is we have had much talk of regulation but this is the first time you get fines being outlined, only up to 35 million euros, but that is a lot if you're a small company. a key negotiator in all of this try to drive across the line when it comes to the eu. he was talking about how much the eu is leading. is it and how mu

we are judged by the oecd. where is the hundred billion? you promised 100 billion?ve done it and we did it last year. 2022 is judged to have had it in this year president biden put a $12 billion adaptation program. we are up to nine something. we are moving and despite these handicaps when i was in the senate i was there for 28 years. we would go out to dinner and talk, republican and democrat. you could have a bottle of wine and tell jokes. i remember going to teddy kennedy's house and or would be there. then we would go back to the senate and get something done. everyone is running around chasing money. the best thing would be for the supreme court to recognize citizens united as unleashed dark money, corrupt money, unbelievable amounts of money freezing the possibility for good things to happen. the status quo is winning that part of the battle does that make you feel better? i have to tell you i'm an optimist. who was it -- winston churchill said democracy is the worst form of government in the world except for everything else. there's a diplomat who came to the

alix: the oecd definitely seeing that in their report. the ecb vice president spoke in madrid earlier today and said the data were a positive surprise, but central bank still have to be cautious. he points to wage gains. that is a dove still talking about concerns about wage gains. it does not sound like someone will pull the trigger on cuts anytime soon. guy: absolutely. they are still worried about the inflation problem and feel they have to potentially fight it. but the economic data still beginning to unwind rapidly. therefore, maybe we have cuts priced in for different reasons. that will be interesting to watch and see how the market deals with that. where do cuts cause concern? in some ways, the united states are in a good place. cuts are coming because inflation is coming down, the soft landing. in europe amount cuts maybe because the economy is slowing down. liz mccormick joining us now -- everyone is positive cuts are a good thing. when do you think that shifts? liz: i think that is kind of the same way of asking a similar questi

if you cut them out of oecd markets their rises over and then we'll have to go in play economic hardballg world where they made much greater strides and we have we have a long hard game ahead of us globally but is great to see the european countries understated this better and understated better now because of the russia china access in putin's invasion of ukraine. it's becoming clear what this really is. but we have to be willing to take the step of economic disengagement so cutting out the belton road that is important even during the marshall plan we were worried about italy and southern europe so it's great to see their not falling prey to china's initiatives. maria: the china threat was in focus at the fourth republican presidential debate in tuscaloosa alabama, watches. >> we need to end all normal trade relations with china until they stop murdering americans with fentanyl. i promise you they need our economy they will immediately stop that. >> alltel xi jinping you won't leave and/or donate to universities in this country u.s. businesses will not expand into the chinese market un

our tax level generally , this new oecd, the generally, this new oecd, the oec survey has found, is theat it's the highest post—war in britain , in highest post—war in britain, in it's highest on record . that's it's highest on record. that's an extraordinary thing. after 12 years of a conservative government. and we just said that the tories are 20 points behind the poll polls. that's because conservatives aren't supporting the conservative party anymore . people who vote party anymore. people who vote conservative want lower taxes and the tories have given them the highest tax burden on record. that's why they're failing . that's so. failing. that's so. >> who are you pointing the blame at the red wall? people who wouldn't traditionally have been tory voters who then turned tory or what are you saying the tory or what are you saying the tory mps aren't tory enough or i think well, i think boris johnson has taken a lot of blame. >> i think he thought he could run high spend low tax economy run a high spend low tax economy . hard do , particularly when . hard to do, particularly when pr

we look at excess deaths per 100,000 compared with 2015 to 2019 averages, european countries in the oecd excess deaths than the united kingdom were. austria, spain, the netherlands, germany, italy , portugal, hungary, italy, portugal, hungary, slovenia , estonia, latvia, slovenia, estonia, latvia, lithuania , greece, the czech lithuania, greece, the czech republic, slovakia and poland. it really does seem if this keith fellow is in, not in a search for truth, but in a search for truth, but in a search for truth, but in a search for scapegoats crucial really practically by every methodology country, that consistent comes out most favourably is sweden in the country that seems vindicated by its decision not to lock down. now, the point of the inquiry is to scrutinise, but it doesn't seem to be willing to scrutinise the fundamental question was it right that we locked down at all earlier in the investigation? former chief scientific adviser patrick vallance, chief medical officer chris whitty and his deputy jonathan van—tam, told the inquiry that we ought to have locked down earlier than we

. >> about the oecd >> i think about the oecd average.t in the list. the is how you go the question is how do you go about reforming what's about reforming it? what's interesting streeting interesting is wes streeting seems talk about it seems more able to talk about it or more willing to talk about some reforms. some some key reforms. >> mean, think , i >> i mean, look, i think, i think that just nature of think is that just the nature of politics, that the politics, or is that the conservatives weak it? conservatives being weak on it? paul hinted there that for a laboun paul hinted there that for a labour, for a labour politician is easier to challenge. the nhs , is easier to challenge. the nhs, and perhaps it is for a tory. i think three us, knowing think all three of us, knowing our roughly as they our politics roughly as they are, think that it should be free on the point of delivery. but all three and i think but all three of us, and i think the majority of the population would open , obviously, to would be open, obviously, to impro

it includes oecd countries.t is a sampling of the large and small countries across the world forget we include all continents. it really gives us a good pulse of the world. maybe not a complete pulse. we did not poll in every country but a good idea of what is going on globally. host: let's start going through some of the findings from your polling. let's start with the question you asked, people listed how climate change rated compared to other concerns like inflation and crime. how did people respond to that question? guest: specifically, we are looking at data in the united states and what americans think, but we basically find where climate change is an important issue, it is about seventh place, about 70% of americans cited it as a critical problem. there are many other issues that americans are worried about today but whether that be inflation, inequality, crime, unemployment, there are a host of other issues that i would say mute the importance of climate change in the environment. what i would say respon

it includes oecd countries.t is a sampling of the large and small countries across the world forget we include all continents. it really gives us a good pulse of the world. maybe not a complete pulse. we did not poll in every country but a good idea of what is going on globally. host: let's start going through some of the findings from your polling. let's start with the question you asked, people listed how climate change rated compared to other concerns like inflation and crime. how did people respond to that question? guest: specifically, we are looking at data in the united states and what americans think, but we basically find where climate change is an important issue, it is about seventh place, about 70% of americans cited it as a critical problem. there are many other issues that americans are worried about today but whether that be inflation, inequality, crime, unemployment, there are a host of other issues that i would say mute the importance of climate change in the environment. what i would say respon

intergovernmental panel on climate change is recommending our addiction to coal by 2030 in oecd countries on carbon and ending fossil fuel subsidies and adopting a windfall tax on profits. excellencies, climate justice windfall tax on profits. excellencies, climatejustice is long overdue. developing countries are being devastated by disasters they did not cause. extortionate borrowing costs are blocking their climate action plans and support is far too little, far too late. the global stock—take must admit to surging finance including adaptation and loss and damage. it must support reform of the multilateral development banks to leveraged far more private finance at reasonable costs for developing countries in climate action. in developed countries must show they will double adaptation finance to a0 billion us dollars a year by 2025 as promised and clarify they are delivering on the 100 billion us dollars as promised. excellencies, the climate challenge is notjust another issue in your inbox. protecting our climate is the world's greatest test of leadership. i urge you, humanity's fate ha

autumn statement the most competitive business investment release in the world matched only amongst oecdia and estonia, with full expensing , i guess all kicking expensing, i guess all kicking off about the economy. >> and joining me now is gb news economics and business editor liam halligan with on the money . liam halligan with on the money. so liam, first, shots fired in the economics war of the next general election . but who's general election. but who's talking sense starmer talks great rhetoric. is there any detail. >> there's lots of positioning going on here, martin in terms of the economy ahead of a general election pencilled in maybe for may next year, maybe for october next year, but certainly by this time next year , i think we'll have had a general election almost certainly. >> and what's keir starmer is trying to do , he's he's almost trying to do, he's he's almost saying to the left wing of his labour party attack me, attack me. >> he was in the papers over the weekend lauding margaret thatcher. >> astonishing. >> astonishing. >> crikey. and i know you've been talking abo

of the highest levels of council housing developed country housing of any developed country . the oecdre fourth housing of any developed country . the in terms of! fourth housing of any developed country . the in terms of the|rth housing of any developed country . the in terms of the amount highest in terms of the amount of council housing we have . the of council housing we have. the problem the reason it feels problem and the reason it feels like we've got such a shortage of housing is there of council housing is there isn't market isn't enough market rate housing. people to housing. so more people need to use council housing. use the council housing. >> is a question that >> this is a question that i have. justin is one of the problems in our country that our population spread population is isn't spread out very . so you have a high very evenly. so you have a high density of demand, a high rate of demand in certain areas, not least the south—east for example. >> yes. so it's actually quite difficult to get planning permission because so permission because there is so much housing an