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The Latest Breaking News from OECD

‘My balance is on zero’: young Europeans on their first experience of inflation

High rents, low pay and spiralling food costs have left younger workers struggling to make ends meet and worried about the future

The Guardian - UK

UK tax revenues jumped by £85bn as Covid reliefs phased out – OECD

Total revenue from taxes across the UK rebounded to £775.6 billion over the year to March 2022, the body said.

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

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EU adopts historic plan for minimum 15 percent tax on multinationals

The European Union has adopted a plan for a global minimum 15 percent tax on multinational businesses, after leaders gave final approval following months of wrangling. France welcomed a decision that has been years in the making.

Radio France Internationale

COP15: A call to action for investors to help us meet vital biodiversity goals

The UN Secretary-General, António Guterres, opened the UN Convention on Biological Diversity (COP15) in Montréal with a stark message: “Without nature, we are nothing. Nature is our life-support system, and yet humanity seems hell bent on destruction.”

The Conversation

How Ireland's 'great reshuffle' could benefit women and older workers

Recent global tech sector layoffs have hit Ireland’s workforce hard. Prior to these job cuts, the Irish digital sector directly employed more than 270,000 people, as well as creating many more ancillary jobs.

The Conversation

GDP growth figures highlight growing risk of stagflation

As NZ reports another quarter of slow economic growth, it is combining with inflationary pressures to pose a worrying economic outlook – here and around the world. A resilient China can help NZ through a worrying economic future.

Newsroom.co.nz

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Nurses demand to be 'valued' as pay lags behind much of Europe - read letter in full

The Royal College of Nursing has written to Health Secretary Steve Barclay citing this week’s international report by the OECD as “categorical evidence that the United Kingdom values nurses less than others” as they prepare for strike action next Thursday

Daily Mirror

World Economy Faces More Pain in 2023 after a Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters.

Asharq Al-Awsat

Hungary vetoes EU aid for Ukraine, bloc delays decision on funds for Budapest

Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on Tuesday as its row with the bloc over undermining democracy rumbled on and the other 26 member states delayed a decision on releasing billions of aid to Budapest.

Reuters

Citizen assemblies and the challenges of democratic equality

There are a wide range of ways to create decision-making bodies in democratic societies. Elections are one of the most common, with individuals stepping forward and seeking public support. If elected by their fellow citizens, they then take action on their behalf. This is known as representative democracy. An alternative…

The Conversation

Feminists are protesting against the wave of anti-feminism that's swept South Korea

Many men in South Korea claim to be victims of gender discrimination, a movement turbocharged by President Yoon. Meanwhile, women lag far behind men in pay and face unrealistic beauty standards.

WEKU

How to think about policy in a polycrisis

In our interactive world, we can no longer put problems into convenient intellectual silos

Financial Times

Why is JobSeeker going to be reviewed? Will it go up?

Starting next year, the income support payments that millions of Australians rely on will be scrutinised by an expert committee, but the government is making it clear that while it will listen to its advice, it won't necessarily follow it.

ABC News

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Dublin Live

Irish households saving almost €5,000 less per year than in 2020

Ireland is the country with the biggest savings drop out of 28 OECD nations

Tribune News Service

Editorial: The war on Russia’s economy is working

Nine months into Russian President Vladimir Putin’s war in Ukraine, the damage done to the world’s 11th-largest economy is extensive. Leading Russian banks have been cut out of the global financial system, some $300 billion of central bank reserves are frozen, and hundreds of foreign companies have departed. Parts shortages…

Newsroom.co.nz

Proposal to break central-local deadlock on Three Waters and climate

The Three Waters tensions are a symptom of a deeper democracy and legitimacy problem, says visiting author, that can only be addressed by allowing New Zealanders to participate in decision-making.

Irish Mirror

Irish households worse off by thousands of euro this year as disposable income plummets

“Ireland will go from being one of the world’s top savers - when they ranked 2nd in 2020 - to ranking 16th in 2022.”

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The Guardian - AU

Australia’s economy remains afloat – but there are choppy waters ahead

The OECD predicts 1.9% economic growth for Australia next year. That’s the good news

The Guardian - UK

Keir Starmer attacks ‘weak’ Rishi Sunak over non-dom tax breaks

Labour leader condemns non-dom and windfall tax avoidance, accusing PM of not standing up to his party

Liverpool Echo

Households given £1,400 warning as cost of living crisis worsens

Sir Keir Starmer issued the worrying figure during Prime Minister's Questions

The Guardian - UK

UN to vote on new tax convention proposed by African states

Developing nations hope draft resolution will pave way for fresh talks on global tax policy

AAP

Business output shrinks for second month

Demand for services has cooled off but manufacturing conditions remain relatively robust, according to a new survey.

The National (Scotland)

UK forecast for 'worst recession among top economies' due to Brexit and Tory policies

The latest forecast from the OECD revealed a sharp downgrade for the UK economy, which is expected to shrink by 0.4 in 2023 and grow by just 0.2…

The Independent UK

Sunak warns of ‘challenging’ winter of strikes, high costs and NHS backlogs

The Prime Minister braced his Cabinet for misery in the coming months.

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