News Maths is the only subject where girls still lag behind boys

Girls lack confidence in their ability in maths and science and are therefore put off from applying for jobs in engineering and computing, a new study from the Organisation for Economic Co-operation and Development (OECD) shows today.

Glencore listing on track as pricing 'froth' subsides

Sky-high commodities prices were due to "froth" in the market, according to the chief executive of Glencore, the commodities trading giant that is planning a London stock market listing, but the recent sharp sell-off was an overdue correction that has not affected demand for Glencore shares.

OECD sees slower UK growth for rest of year

The UK faces a "stable, albeit slow" rate of expansion over the next six months, according to the Organisation for Economic Co-operation and Development (OECD), the "club" for the world's leading advanced economies.

OECD sounds warning on lost generation

Persistently high unemployment "could eventually result in discouragement and permanent withdrawal from the labour force", especially among younger and less skilled workers. The stark warnings about a permanently higher level of unemployment comes from the Organisation for Economic Co-operation and Development, the "club" comprising all the world's developing economies, including the UK.

Eat, sleep and shop: French live the cliché

The French spend more time eating and drinking, sleeping and shopping than any other nationality, according to the latest Organisation for Economic Co-operation and Development report.

IMF slashes UK growth forecast but backs plans to cut deficit

The IMF has pushed Britain lower down the international growth league, slashing its estimates for growth and ramping its forecast for inflation – but also supporting the Coalition Government's "front-loaded" plans to reduce the budget deficit.

UK growth to be slower than hoped, says OECD

Underlining the risks facing the economy, the Organisation for Economic Co-operation and Development said yesterday that the UK would see the slowest growth among the world's major advanced economies over the next few months. It puts expansion at a very weak 0.25 per cent – close to a return to recession and slightly down on its previous predictions.

Services strengthen but job market growth eases

The service sector booked its fastest pace of growth in more than a year last month, although the uncertain outlook for the economy was underlined by a separate report today suggesting the jobs market is stalling.

Hamish McRae: Reasons to welcome the age of the new normal

Economic Studies

Osborne pledges £200m to train unemployed young

Chancellor's Budget seeks to improve vocational training and increase number of apprenticeships

OECD offers Osborne only partial backing

The Organisation for Economic Co-operation and Development (OECD), which represents the world's advanced economies, has offered the Chancellor, George Osborne, qualified support in his efforts to fix the UK's public finances.

David Prosser: Memo from the OECD: neat surgery, shame about the rehabilitation

Outlook At first sight, the OECD's Angel Gurria gave George Osborne a pat on the back yesterday, praising the Chancellor for sticking to his "Plan" for speedy deficit reduction. But read the OECD's latest report on the UK economy and you will find as many brickbats as bouquets.

Leading article: The misery of a lost generation

Youth unemployment is getting worse. New figures from the Office for National Statistics show that the number of 16- to 24-year-olds who are out of work has reached 974,000. Slightly more than one in five of this age group are now unemployed. Two-and-a-half years after the global banking crisis and more than a year after the official end of the recession, hundreds of thousands of young lives are still being blighted.

UK families 'have worst tax burdens'

Middle-class families in Britain where one parent stays home to look after the children pay more than a third extra in tax than those in other Western countries, new research claims.

IEA warns oil prices will hit recovery

Sharply rising oil prices could prove a drag on global economic recovery this year, the International Energy Agency (IEA) warned yesterday.

David Prosser: Mixed message lets Opec off the hook

Outlook How serious is the oil price spike? Here's what the International Energy Agency's chief economist, Fatih Birol, said in an interview on Wednesday: "I don't see much destruction to the world economy from the current high oil prices". Phew. But hang on a moment. If prices do not come down, "an 'oil burden' could put a drag on the world economy," Richard Jones told a US Congressional hearing yesterday. Mr Jones is the deputy executive director of the IEA.

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