herald

Wednesday 13 December 2017

OECD urges user charges

THE Organisation for Economic Cooperation and Development (OECD) has warned that Government must plan for economic growth and that the drop in living standards is likely to have permanent effects.

According to the latest think tank report, permanent loss of 3pc in output (GDP) is expected on average across the 30 countries of the OECD.

Unemployment will persist at higher levels than before the crisis. It reiterated its recommendation that the Government introduce more user charges, such as payment for water and the introduction of university tuition fees.

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