especially in the oecd. .. ., ., the us so nobody especially in the oecd... ., ., ., ., ~ oecd. .. want to take interest rates down _ oecd. .. ok. you want to take interest rates down so - oecd. .. ok. you want to take interest rates down so you - oecd. .. ok. you want to take | interest rates down so you don't want to see oil interest rates soar too much. before we go and briefly, you mentioned iran as part of opec, third biggest supplier. is there membership at riskier? ha. third biggest supplier. is there membership at riskier? no. iran's membership _ membership at riskier? no. iran's membership was _ membership at riskier? no. iran's membership was not _ membership at riskier? no. iran's membership was not at _ membership at riskier? no. iran's membership was not at risk- membership at riskier? no. iran's membership was not at risk when | membership was not at risk when there was a war going on between iran and iraq, so, no. iran's membership is not. opec is very good at working through crisis and working through animosity. absolutely not.— working through animosity. absolutely

once again dead last in the oecd. so i think we ought to approach the question with some -- what can and should be accomplished on the side of taxing business. overall though, i mean we do have a challenge that needs to be met. the thing we haven't talked about yet is, is what really is the challenge in our budget situation. >> i don't want to get the shower to stay on -- talk about taxes. because one of my question is what do we do about the trip overall and all the expiring tax provision? >> personally, i think they should be extended. and they should, i mean there's lots of stuff that can be done at the margins, but the last thing i would look to to impose a tax increase above what we have now is not the individual stuff i mean, it's the corporate stuff because that is the seed corn of our country. and i think we have to accept that the tcja would put a real fiscal challenge on us. but where i i was trying to go was, what that fiscal challenge should force us to do is start addressing the real drivers of our defici

>> well, just to be confusing, the oecd dac measures by calendar year, i know. yes.ays fit with the way budgets work. and that is why, in actual fact, in this year it's ended up being 0.58. so nearest to the financial so it's nearest to the financial year the year that we're year 2023, the year that we're looking calendar year. the calendar year was 0.58. it was 0.58. and that is because the treasury, what they when they saw 2022 that the foreign saw in 2022 that the foreign office basically pause office basically had to pause its aid spending so it its entire aid spending so it didn't have money when the pakistan floods happened, for example, weren't able example, and they weren't able to pay where the where they legally had to pay, they realised that they needed to provide they provide some extra. so what they did provided an extra did was they provided an extra £25 billion over two financial £2.5 billion over two financial years . £2.5 billion over two financial years. right. and the £2.5 billion over two financial years . right. and the way that years. right. and

. >> and we have the oecd are >> and here we have the oecd are telling us that no future british government while we rights act no we keep the human rights act no future british government can change policy . change policy. >> that's not what it's saying. it's saying there's an obugafion it's saying there's an obligation on governments to protect their people from scientifically established threats. that's what it's saying. and it does not prescriptive in any way. it specifically says we cannot tell the government how to implement this. all we can do, we have to do is direct the government to follow the science and the science says that the british pubucisin science says that the british public is in serious danger beyond 1.5 degrees of warming. therefore, the british government must play its part in aligning its policies to that goal >> tim crosland we agree on the significance of this ruling. we may disagree on its implications , but i thank you for coming in and debating it. and folks, you know, as i always say to you here on gb news, you will hear all sides of every argument. but we thin

those are those are the countries in the oecd, what their birth rate is. the average is just above 1.5. there's one outlier there. it's israel. israel is not richer or poorer than the average country. it's about in the middle, in the oecd, its education levels a little above average. its welfare state is in the middle of all of those countries. its birth rate is about twice average. israel differs from the other countries, mostly in its culture. we can get more into that. but this again points to the problem. something unwell in our culture, our is not delivering what should which is the support of families. parents don't just the appeal the decision the ability to have children isn't just an individual between two people. it's something that requires surrounding institutions neighbors to do a wise woman put it well once when she said it takes a village to raise a child. yeah. if our village is failing, that's problematic. even you don't care about the lack of the children. so how is our culture broken? one parenting culture is broken. my video pointed tow

and if you want to get on the multinational gravy train of the imf, the wto , oecd, davos, after imf,wto, oecd, davos, after you leave office, you won't be very popular . you leave office, you won't be very popular. so i think there has been a lack of honesty on the behalf of the conservative party for a very long time towards their voters about precisely what it would take to do some of the things you're talking about. >> yeah, i believe that all, countries have the right to protect their borders. it's a bafic protect their borders. it's a basic right for the countries. what i think there is now is an absolute political will absolute lack of political will to have the chops, to actually have the chops, either to explore this properly or putting steps in or to start putting steps in place to move towards the judges. >> don't agree with you, michel. the judges have are not in your camp . camp. >> well, i bet some of them would be. has this ever been as it's ever been? has this ever been put? they won't be. has this ever been put because i actually don't know. maybe i'm wrong and you wil

, have been a key driver of consumer price inflation but that's now easing off, to 5.3% among the oecd'sntries. that's down from a peak of 16% in november 2022. live now to janet mui, head of market analysis at rbc brewin dolphin. good morning. we assume this is good news, do we?— good morning. we assume this is good news, do we? thank you for havin: good news, do we? thank you for having me- _ good news, do we? thank you for having me. from _ good news, do we? thank you for having me. from a _ good news, do we? thank you for having me. from a consumers - having me. from a consumers perspective, this is great news because he remember a year ago the inflation is almost 20% in the inflation is almost 20% in the uk and now we're down to about inflation and obviously prices are still going up, it isjust they are prices are still going up, it is just they are going up at a slower pace. that is good progress from where we came from a since the war with ukraine. fix. from a since the war with ukraine-— from a since the war with ukraine. �* ., ., ,, , ukraine. a lot of issues in the food sector—

and there is one more, the biden treasury is still negotiating with the oecd countries around the worldor minimum tax on corporations. that would be principally american corporations. and this terrible idea would let foreign governments set the tax on american companies. i remember talking about this with president trump who always said, only america can figure out taxes for american companies not foreign governments. biden is proposing a $5 trillion tax hike overall which would punish the economy and raise the inflation rate. when you look under the hood of this tax policy goals, you see class warfare, you see diversity , equity, inclusion, you see racial warfare against white folks and especially successful white folks. this left wing social woke approaches absolutely empathetic goal to tradition american values and the tradition letter of opportunity that is colorblind and has made america the strongest country in the world. that is my riff. all right. we will talk about this later with steve and doug and maybe some of the other guys on this show, too. but now on the protest sweeping

what are the longer term impacts, if this continues over time, we may see a 0.4% increase in cpi for oecdountries. let alone if this war spreads and moves beyond that. so the supply chain, contessa, is the obvious to mention. but i think we need to be tracing what those longer term and broader impacts are to our organizations. >> couple of quick questions. you mentioned the delays associated with having to transit south africa or however you have to go. are those delays and the costs associated with them, are those insurable? >> in some instances they can be. and it depends on how insurer has their policy structured. but again, these are the pieces, tyler, that organizations need to be thinking forward about these risks. much harder once we're the middle of a crisis than to say how can i lay this off to the insurance markets. >> question to, i get the risk from business interruption and risk to shipping. we mentioned in the introduction that premiums on aviation insurance are higher. there has not been -- i mean, i remember when russia shot down an airliner not long ago, i believe, over u

takes us to the second worse tax code in the oecd higher than china and it is going to have a major iagine a time that we're competing with chiern and other countries that we would economically, you know, sabotage our own competitiveness. paul: another issue that people october to that is reduction to $10,000 maximum in the state and local for the state and local taxes. there's a number of republicans add shading to lift that cap to 50 or even eliminate it. how important in your view is maintaining that 10,000 dollar limit? >> you know i think it is very important both for fairness across the board for taxpayers especially those who don't itemize. and those dollars from the salt cap which we think is a very reasonable cap. it doubled the average salt deduction across the country and we made other adjustments as well. but those dollars went to those middle class tax cuts so every lifting that cap not only creates make it is harder to extend the middle class tax cuts but it gives a green light for local governments to begin taxing even more brutally. paul: but some of your colleagues in

go back between 1980 and 2010, 20 out of 24 oecd nations experienced a reduction in unionization ratesve a number of historical central bank reforms that drove down inflation. so you go back between 1990 and 2010, 80 of 113 central banks across the globe experienced improved independence through legislative reforms. during this period, 60 of those central banks adopted inflation targeting. the paper argues also for some solutions. until these measures are taken there will be serious rounds of high every inflation. one reverse deglobalization. get back to the point around price pressure. another to increase central bank independence, and finally the report argues for credible public debt policy. pandemic, increased defense spending, funding to decree carbon emissions contributes to more government debt and more inflation. finally there is one intriguing note, it is worth noting if the political economy pressures do result in higher average inflation it will likely come in the form of occasional bursts such as after the pandemic rather than a inflation rate that continously exceeds that

which leads us to the uk, it is time for the uk to recognise the state of palestine, along with other oecdds to be removed from israel and these two peoples need to be put on the path too peace, but not a 30 year open ended peace process like we has in oslo, it needs to be real, and the palestinians need to know they are going to get liberty and dignity, and the israelis need to know they are going to get security. this conflict is no longer limited to the borders of the jordan conflict is no longer limited to the borders of thejordan river and the head trainian sea, it is has extended beyond into the region, it affects global shipping, international security, and the international security, and the international community must be much more serious about making peace here than ever before.— than ever before. debbie in rugby, i think her phrase _ than ever before. debbie in rugby, i think her phrase was _ than ever before. debbie in rugby, i think her phrase was put _ than ever before. debbie in rugby, i think her phrase was put on - than ever before. debbie in rugby, i think her phrase was

we're the third in the oecd, 39 countries, the 39 biggest countries on the planet, in terms of startupss. and i want to talk to you now about your role as post office minister and the mess that the post office is in. three examples. former post office chief exec adam crozier told the inquiry that“s going on just now that when he was chief exec he didn't know the post office was prosecuting people. last week, lord arbuthnot told newsnight that when paul venables was post office ceo, she lied to him. —— paula vennells. today we heard it from the former chief operating officer, david miller, who set up the horizon scheme. we heard him say that when he was given an expert report in 2003 about problems with horizon, he didn't read it. so the actions and inactions of these people have possibly destroyed lives. doesn't that make you furious? absolutely. and notjust me furious. imagine the postmasters who've been on the sharp end of this. i mean, you're talking about a billion pounds in compensation. you“re talking about countless lives destroyed, divorces, suicides. it is absolutely horrendous

guiding principles, the oecd guidelines and baking them into hard law.o, we have things like the corporate sustainability due diligence directive, which is a new process -- in the process of passing in the e.u., which applies to all companies of a certain size, with certain presence in europe regardless of sector. and that basically is a mandatory human rights due diligence law that requires covered companies to conduct human rights due diligence and demonstrate how they are doing that, how they are addressing the risks that they uncover through that. then we have tech specific regulations like the digital services act that apply to segments of the technology ecosystem and there are obligations for all kinds of different companies with the very largest online service providers and search engines have to go through a pretty rigorous risk assessment process, and they have to have that audited by a third party auditor. so there are certain elements of the human rights framework that are being codified, which hopefully will mean that not just the very larges

. >> healthcare spending in all the oecd countries . it's the oecd countries.onsistently rising, this idea that there's this elaborate scheme that the tories are trying to underfund the nhs to privacy is a conspiracy and it shouldn't be taken seriously. it's an absolute joke yourself. >> they if you look at all the fellow european union countries, germany, france , italy, spain, germany, france, italy, spain, out of 32 countries, i think it's an actual as a product of gdp, we invest less. >> let's just finish back because you did have your say, jess.i because you did have your say, jess. i mean , is he saying that jess. i mean, is he saying that you're wrong? are we spending more than other countries? >> we're the sixth highest out of 32 other countries. it's a product of the system. it's a system that's wrong. i wish that healthcare companies acted like tesco and asda. that would actually produce a better product if we treated patients like consumers, i think then we have a healthcare system that prioritises the patients, prioritises the patients, prioritises

the claim is that we're actually competing better than we are, but the imf research is based on 38 oecdnd it's basically saying , hey, we it's basically saying, hey, we need to sort it out. >> yeah. whenever mel stride comes out to say something, i'm always braced because it's normally thing , normally an unpopular thing, isn't what do you make of normally an unpopular thing, isn't i what do you make of normally an unpopular thing, isn't i thinkit do you make of normally an unpopular thing, isn't i think it's) you make of normally an unpopular thing, isn't i think it's interesting of this, i think it's interesting to look at which we're to look at which groups we're talking about. you've got the talking about. so you've got the tax but also getting talking about. so you've got the tax of but also getting talking about. so you've got the tax of cutting but also getting talking about. so you've got the tax of cutting benefits. getting talking about. so you've got the tax of cutting benefits. and ng talking about. so you've got the tax of cutting benefits. and the rid of cutting benefits.

we are at a five-year low in terms of oecd company stocks. of pressure to increase production. in europe, that comes in june. it provides more crude to the market so that they can run and so we see it much higher than what they put out on friday. we think it is closer. that includes growth. lisa: how much potential ammunition do they have to counter this, given the fact that oil prices -- gasoline prices are the highest going back to october? heading into an election where gas prices win or lose it. >> it is premature, starting four months before the election. they really want to hold that ability to easily throw in, until they see a supply outage or until we are closer to the election. we are so many months away way that they do not want to use up that bullet before we are close to the election. lisa: we are pricing in goldilocks. can you identify what would not be there where's -- where prices would be lower? >> there is some priced in. that length rises quite a lot. there is definitely some priced in. we have a bullish view going into the

we are seeing strong japan -- we're seeing strong demand from oecd countries.k russia will shift attention -- we are expecting a higher compliance from opec-plus production cuts. production in the u.s. seems to be well-controlled. as it relates to equities, energy equities, we are neutral on this sector. in this sector we continue to have a preference for integrated oil and gas companies given their diverse business models and strong balance sheet. we also like oil refiners because refining margins are elevated and product inventory hopefully remains low. those are the opportunities we see in the energy sector despite the fact we are neutral. annmarie: the keyword you said is june. the summer. what you see for the year end? is this just a temporary lift in the energy markets? nadia: the upcoming summer season -- we do expect it as the voluntary cuts from opec-plus is dial back. i think that will be gradual and demand will remain strong. that should help oil prices stay in the high 80's into year end. we are not looking for $91. we are looking for $87. jonathan: