The OECD will spare no efforts in supporting the Government of the United Kingdom advance the country's economic and social agenda, says Mr Gurría in a statement issued following the referendum on membership of the EU.
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
The Secretary-General spoke at the Anti-Corruption Summit, hosted by Prime Minister David Cameron. He also met with leaders attending the event and signed a memorandum of understanding with Italian National Anti-Corruption Authority.
Leaving Europe would impose a "Brexit tax" on generations to come. Instead of funding public services, this tax would be a pure deadweight loss, with no economic benefit, said OECD Secretary-General in London.
A UK exit from the EU would immediately hit confidence and raise uncertainty which would result in GDP being 3% lower by 2020, which equates to £ 2200 per household. The OECD states that such costs are already piling up in a new study released today.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
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In 2012, 22% of students in the United Kingdom were low performers in mathematics (OECD average: 23%), 17% were low performers in reading (OECD average: 18%), 15% were low performers in science (OECD average: 18%), and 11% were low performers in all three of these subjects (OECD average: 12%).
This case study presents the UK legislation, the Political Parties, Elections and Referendums Act, which controls the funding of political parties and campaigns. It also presents some key election statistics collected by the UK Electoral Commission.
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There are an estimated 9 million working aged adults in England (more than a quarter of adults aged 16-65) with low literacy or numeracy skills or both. This reflects England’s overall performance in the Survey of Adult Skills - around average for literacy, but well below average for numeracy relative to other OECD countries in the Survey (OECD, 2013).
Biographical note of the United Kingdom's Permanent Representative to the OECD