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The Latest Breaking News from OECD

Childcare sector reaching crisis point over workforce shortages and low wages

Childcare centres around Australia say they're rapidly losing staff, and there is broad agreement about the root cause of the problem — wages in the sector are just too low.

ABC News

Monday briefing: How to understand the huge numbers that rule our economy

In today’s newsletter: From GDP and government spending to inflation, it can be hard to get around the big figures you see in the headlines and what they really mean. So here’s a guide

The Guardian - UK

Multinational tax crackdown looms as Labor reveals plan to claw back $1.8 billion

Corporations like Facebook and Apple are staring down the barrel of a huge crackdown on their tax affairs as the government moves to claw back billions.

The New Daily

From analysis to the latest developments in health,
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Sluggish growth since Tories came to power leaves average Brit £4,000 worse off

Labour accuses government of running ‘low-growth economy’ compared to neighbours

The Independent UK

More money and smarter choices: how to fix Australia's broken NHMRC medical research funding system

Most health research in Australia is funded by the National Health and Medical Research Council (NHMRC), which distributes around $800 million each year through competitive grant schemes. An additional $650 million a year is funded via the Medical Research Future Fund, but this focuses more on big-picture “missions” than researcher-initiated…

The Conversation

Finally! Top jobs are going to women who have more confidence than ability too

According to the polls, the UK is on its way to having its third female Prime Minister. This is good news, and it’s made even better by the fact that Liz Truss (as Theresa May before her) can hardly be described as having all the qualities you’d ideally want in…

Evening Standard

Women are turning the tide on climate policy worldwide, and may launch a new era for Australia

When the new federal parliament opened last week, a record number of female politicians took their seats: 38% in the House of Representatives and 57% in the Senate. This changing of the guard, with women at the forefront, brings an opportunity to accelerate Australia’s efforts on climate change.

The Conversation

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Beehive shouldn't assume bigger is better for local government

An Infrastructure Commission report finds no evidence of economies of scale in council services. Local authorities should have more devolved responsibility for infrastructure.

Newsroom.co.nz

Richer nations fall short on climate finance pledge

Richer countries failed to keep a $100 billion a year pledge to developing nations to help them achieve their climate goals, according to an analysis by the Organization for Economic Cooperation and Development, or OECD

The Independent UK

Chile is updating its constitution for the 21st century. The US should follow its lead

The US constitution used to be considered a model for democracies around the world – but its antiquated institutions and absence of rights have guaranteed its declining influence

The Guardian - US

US risks losing billions in taxes as Congress spurns global deal

WASHINGTON— The groundbreaking global corporate-tax agreement secured last year by Treasury Secretary Janet Yellen included a “failsafe” measure to encourage compliance by its 137 signatories.

Tribune News Service

Foreign investor crackdown to deliver $455 million windfall – but not without costs

Fees paid by foreign property investors will double under a new federal government plan to help ease Australia’s housing affordability crisis.

The New Daily

UK’s outdated property taxes favour the wealthy, says OECD

An increase could mean lower income tax and and also help young people on to the property ladder

The Guardian - UK

‘Fleecing the public’: Labor puts corporate giants on notice as Rio Tinto coughs up $1 billion in tax

Corporate giants failing to pay their fair share of tax have been put on notice as Labor prepares to introduce a crackdown on multinational tax dodgers.

The New Daily

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The Conversation

Being in a couple can leave women with less savings – here's how to make nest eggs more equal

Growing job insecurity, financial market volatility and rising prices have created an extremely uncertain environment for UK savers. The country’s welfare provisions are among the lowest of all OECD countries and a growing number of pensioners are finding it difficult to gain financial security in later life. Even well-known money-saving…

ABC News

'Unprecedented growth in house prices': OECD calls for cap on housing tax breaks benefiting the rich

Capping tax breaks for housing could help reduce house prices and ensure that property is not concentrated in the hands of older and wealthier Australians, the OECD says.

The Conversation

Despite what political leaders say, New Zealand's health workforce is in crisis – but it's the same everywhere else

Earlier this week, New Zealand health minister Andrew Little stated what most who work in health already know.

The Guardian - AU

How does Australia’s Covid death rate and hospitalisations compare with other countries?

There are currently more than 207 people in hospital for every million Australians – similar numbers to Belgium, France, Spain and the UK

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Benzinga

Benzinga Before The Bell: Donald Trump's Presidential Bid, Facebook Testing Multiple Profiles, UnitedHealth Q2 Earnings Growth And Other Top Financial Stories Friday, July 15

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

The Conversation

Do Australians pay too much income tax? 6 charts on how we rank against the rest of the world

Australians pay too much income tax – or so some argue.

The Guardian - UK

Why be a poor version of Germany instead of doing what we do best?

Manufacturing is not our forte. But we are world beaters in services. Success will prove elusive until we recognise that

The Conversation

UK political resignations: the current uncertainty could affect the economy for nearly two years

The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics – and economic policy uncertainty more specifically – affects the UK economy. The answer, of course, is that it does, and sometimes for as much…

Wales Online

Is UK inflation worse than in the EU? Cost of living pressures squeeze household finances

Energy, fuel and food costs are among the biggest contributors to inflation at present. We take a look at how the UK's economic situation compares with our neighbours in the European Union.

Newsroom.co.nz

Govt could yet force tech giants to pay NZ media

An Australian-style legislative response against global digital platforms to make them pay for media content remains possible as a new minister says too many news firms are hurting

The Canberra Times

Australia lagging further behind OECD on research, Universities Australia chair warns

Universities Australia chair John Dewar will address the National Press Club on Wednesday.

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