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The Latest Breaking News from OECD

Hunt: Inflation plan working but households still feeling cost-of-living pain

The Chancellor said there is still ‘immense pressure’ on families but the Government’s plan ‘is working – plain and simple’.

The Independent UK

France’s schools are in crisis – and it has nothing to do with pupils’ dress

With poor areas hardest hit by underfunding and staff shortages, the government is using populist policy as a cheap distraction, says Guardian columnist Rokhaya Diallo

The Guardian - UK

UK flatlining economy will grow slower and suffer higher inflation than eurozone in 2023, leading economists

Government accused of leaving Britain ‘stuck in the slow lane’

Evening Standard

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Germany will suffer worst from world economic slowdown, says OECD

Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies

The Guardian - UK

OECD inflation outlook suggests further Australian interest rate rises possible

Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve Bank

The Guardian - AU

Sharper China slowdown risks blunting Australian growth

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

AAP

Low wages reduce attractiveness of teaching profession – report

Many countries are facing teacher shortages, and competitive salaries are ‘crucial’ to retaining teachers, a report says.

The Independent UK

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A kiss that shook the world: Spanish football faces reckoning over sexism

In this edition to kick off our 10th season, we report on the nonconsensual kiss that has rocked Spain and sparked both a national and global debate about male behaviour and masculine pride. Also as parts of the world experience extreme weather, a German university hospital study discovers a clear…

France 24

Think curbing overseas migration will end the housing crisis? It won't – and we can't afford to do it

With the nation feeling the pressures of a housing crisis, some believe the Australian government needs to ease housing demand by limiting international migration.

The Conversation

PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

The Guardian - AU

Which states have the highest and lowest adult literacy rates?

Although literacy varies across states, the average literacy rate of the US hasn’t changed since 2012.

USAFacts

Rise in UK company profits puts Bank’s stance on prices under scrutiny

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

The Guardian - UK

Boosting maternity leave payments would help the economy, not just parents

Increasing the rate of paid maternity leave, so it is tied to prior earnings, rather than just increasing the time off work, could lead to better and fairer outcomes for Australian families.

The Conversation

Labour's promise of paid parental leave for partners is 'the right thing to do' – but NZ could still do better

By introducing four weeks of paid parental leave for partners if re-elected, the Labour Party would move New Zealand out of an undesirable and tiny club of OECD nations. Only the United States and Israel would then not offer something similar after the birth (or adoption) of a baby.

The Conversation

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The Guardian - UK

Tax rises and subsidy cuts behind drop in UK household incomes, says OECD

UK in bottom half of income table across 38 rich nations as US and Italy see growth but Canada, France and Germany decline

The Conversation

Western firms still doing business in Russia finance the war – here's how to recoup the huge cost to taxpayers

In Russia this summer, you can still enjoy a Cornetto, but you can forget about eating a Tunnock’s tea cake or a Big Mac. This is because Cornetto’s UK-headquarted parent company, Unilever, is still operating in Russia after its invasion of Ukraine, alongside many other western firms such as PepsiCo.

The Conversation

Kenya is going digital to boost tax revenue – there are lessons to learn from other African countries

Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower share than the 33.5% in OECD economies.

The Conversation

How debt has morphed into a new form of work for women

“I spend my time managing and racking up debt. How do you expect me to work?” (Pushpurani)

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Salon

Why is America going backward?

America is the greatest economic and military power in world history — and our quality of life is garbage. But why?

Zenger

Israel’s Natural Gas Revolution Saves Economy Billions

An in-depth study reveals over NIS 316 billion ($86.7 billion) in savings over the past decade.

The Independent UK

Unemployment benefits safety net ‘torn apart’ by Tories, claims SNP

The party analysed OECD data to determine that the UK’s benefits lag behind other European countries.

The Conversation

When Christmas comes so do the kilos. New research tracks Australians' yo-yo weight gain

As we revel in much-cherished festive occasions and weekly get-togethers, Australians are unwittingly bearing an increasingly heavy cost – an expanding waistline.

Newsroom.co.nz

Taking GST off food would be a big mistake

Once you grant an exemption for one worthy-sounding thing, it is hard to resist the call for more. It would be much better to achieve progressivity by adjusting income tax rates

The Guardian - UK

Hundreds of millions in UK aid returns to Treasury in VAT on asylum hotel bills

Exclusive: Payments underline absurdity of counting British accommodation as aid, say critics, and cost of application backlog

Newsroom.co.nz

The Week in Detail: Productivity, political slogans, and Healthy Homes

The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week.

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