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The Latest Breaking News from OECD

By raising the effective tax rate on capital gains, the proposal would reduce U.S. saving, discourage entrepreneurship, and decrease economic output.

Reason

Will raising retirement age solve France’s problem with employing seniors?

A quarter of France's unemployed are over the age of 50, and there are concerns that raising the retirement age – as the government wants to do with its latest pension reform – will further aggravate the problem. But research suggests this may not necessarily happen, and the number of…

Radio France Internationale

Tory backbenchers plan to put pressure on Hunt to cut childcare costs

Exclusive: Group led by Siobhan Baillie want chancellor to use budget to relax rules and eliminate business rates for nurseries

The Guardian - UK

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Gen Z is taking to the streets in French protests to defend their work-life balance

In France, hundreds of thousands of young adults are protesting a plan to raise the retirement age, part of a broader revolt against overwork.

Fortune

How Welsh teachers' pay and hours compare with other nations

Thousands of teachers in Wales walked out on Wednesday in the first of a planned series of strikes

Wales Online

SNP MP launches 'one stop shop' resource for independence and the EU

Alyn Smith, SNP’s spokesperson for EU accession in Westminster, set up the website to highlight the economic decline of the UK following Brexit

The National (Scotland)

Americans spend the most on health care compared to other high-income countries but aren't living longer, more healthy lives

The U.S. has the lowest life expectancy and the highest maternal mortality rates compared to other high-income countries.

Fortune

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America's worsening return on health investment

The U.S. continues to far outspend other developed nations while seeing worsening health outcomes.

Axios

North of England starved of investment, thinktank report finds

Report from IPPR North says that the region would have the second lowest investment in OECD if it was a standalone nation

Birmingham Post

North of England receiving among lowest levels of investment of advanced economies

It comes after Rishi Sunak faced a barrage of criticism over a £2.1billion round of levelling up funding, which saw cash go to a string of wealthy areas while a number of deprived communities missed out

Daily Mirror

Report reveals lack of investment in North of England compared with rest of the world

If the region were a country, it would be second-to-last in the OECD for underinvestment, according to IPPR North

The Independent UK

North of England ‘would rank second worst for investment’ if OECD country

Thinktank says of advanced economies, only Greece would have lower public and private investment

The Guardian - UK

North of England sees lowest investment of advanced economies – think tank

If the region were a country, it would be second-to-last in the OECD for underinvestment, according to IPPR North.

The Independent UK

Damning report lays bare lack of investment in North of England compared with rest of the world

Think-tank says region of 15 million people held back by 'vast inequalities' and 'systematic underinvestment'

Manchester Evening News

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The Guardian - UK

The CBI is right. The UK needs a growth plan

Business lobby head deserves response after government sloth on green investment and tax incentives

Newcastle Herald

New report highights steel industry under pressure to decarbonise

Cutting greenhouse gases from steelmaking

ABC News

What happened to Zhao Lijian? China's 'Wolf Warrior' diplomat has been mysteriously shifted aside

China's controversial diplomat Zhao Lijian has stepped back from China's diplomatic front line. Does that mean China will give up the aggressive and assertive Wolf Warrior diplomacy?

Reuters

China set for historic demographic turn, accelerated by COVID traumas

Living under China's stringent COVID-19 restrictions for the past three years had caused Zhang Qi enough stress and uncertainty to consider not having babies in the country.

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Reason

No-Lockdown Sweden Seemingly Tied for Lowest All-Causes Mortality in OECD Since COVID Arrived

Focusing on all-causes mortality, and not just on COVID mortality, helps account for various potential indirect effects of lockdowns.

The New Daily

Thinking of quitting smoking in 2023? Here’s what you need to know

Quitting smoking will top many people's New Year's Resolutions. But going cold turkey can be tricky, particularly during the festive season.

The Conversation

NZ report card 2022: some foreign bragging rights but room for improvement at home

It’s that time of year when school and university students eagerly (or nervously) await their end-of-year results – but also an opportunity to see where the country in general might have passed or failed.

The Guardian - UK

‘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 Independent 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

Radio France Internationale

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.

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