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The Latest Breaking News from OECD

Kwarteng plan to boost growth ‘could take decade to achieve target’

Expected ‘sugar rush’ of tax cuts could knock growth off track by forcing up inflation and interest rates, economists warn

The Independent UK

New Zealand food inflation highest for 13 years as vegetables and dairy drive prices

Grocery costs rose 8.3% in August, figures show, thanks to a 6.7% rise in eggs last month and a 15% surge in fruit and vegetables

The Guardian - AU

UK sees one of the biggest drops in OECD real wages

Mostly people have fallen into economic inactivity rather than being unemployed

Insider UK

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OECD calls for revival of collective bargaining to fight wage erosion

Raising minimum wages and building support for collective bargaining could help to rein in the erosion of pay in the face of the current inflation spiral, the OECD recommended on Friday.

Reuters

UK hit by one of the biggest drops in real wages in developed world

The OECD is urging governments to 'consider well targeted, means-tested and temporary support measures'

Wales Online

NZ sees ram raids increase, more people living in cars as cost-of-living pressures mount

New Zealand has the highest homelessness rate per capita in the OECD and a decades-long housing crisis. As cost-of-living pressures mount, the issue is becoming highly political for Prime Minister Jacinda Ardern.

ABC News

Barnaby Joyce says Labor has changed the law on fuel emissions standards. Is that correct?

Nationals MP Barnaby Joyce says the government has changed the law on fuel emissions standards. Is that correct? RMIT ABC Fact Check investigates.

ABC News

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We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

The Conversation

Australians on unemployment benefits are set for two record paydays – but it's a sign of a broken system, long overdue for a fix

Australians on our humiliatingly-low unemployment benefit are about to get their biggest payday ever.

The Conversation

Migration boost is bad news for Australia's environment – we mustn't ignore that

An increase in the permanent migrant intake to 195,000 this year is one of the jobs summit outcomes announced by the federal government on Friday. The business community pushed for this change, saying shortages of skilled employees are holding back the economy.

The Conversation

‘Not a win for women’: Truss will be UK’s third female PM – but how does Britain’s record on women’s rights fare globally?

Only 63 countries have ever elected a women in the highest position of power

The Independent UK

Western Australia has the cheapest energy in the OECD, as prices go sky high in eastern states

The costs of energy have dramatically jumped across Australia as war and shortages make themselves felt globally but WA has been spared the shock

The New Daily

Catastrophe, pollution, dirty subsidies and nature capitalism: another week in the climate crisis

The chance of extreme events is increasing because emissions aren’t slowing down. The hard work to transform the economy has barely begun.

The Guardian - AU

Britain’s traumatised education system needs a break – and a decent minister

After two-plus years of Covid and seven secretaries of state in the past six years, teachers and students deserve more support, says Guardian columnist Simon Jenkins

The Guardian - UK

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The Conversation

The jobs summit needs to think big: here are 3 priorities for future-proofing Australia

This is an edited extract from Danielle Wood’s keynote address to the jobs summit. Read other articles in The Conversation’s series about the summit here.

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

The Hindu

Japan’s continuing struggle with gender parity

Investing in women’s education and health may have limited impact if it is a society trapped in gender norms

The Conversation

Cost of living crisis: the UK needs to raise taxes not cut them – here's why

Taxation has turned out to be the main issue dividing the two candidates in the current Conservative Party leadership contest. While Rishi Sunak wants to hold off making tax cuts until after the cost of living crisis has been tackled, Liz Truss wants immediate reductions. She believes cutting taxes will…

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The Conversation

Hidden gems: Translators and interpreters in Australia play a critical if seldom seen role

Is Australia an English-speaking country? The answer seems obvious.

The Conversation

It's great education ministers agree the teacher shortage is a problem, but their new plan ignores the root causes

Last Friday, Australia’s state and federal education ministers met with emotional teachers, who spoke of working on weekends and Mothers’ Day to cope with unsustainable workloads – and how they were thinking about leaving the profession.

The Conversation

Sam Uffindell was lucky to avoid NZ’s criminal justice system as a schoolboy – but it was the right outcome

However you look at it, the National Party has selected someone who once committed an act of criminal violence to represent the Tauranga electorate in parliament.

Newsroom.co.nz

Europe protests remind us we've maxed out our farming systems

The brutalising Europe experience highlights New Zealand farmers' even greater exposure to a global consumer critique of the agriculture climate response.

ABC News

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.

The Guardian - UK

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 New Daily

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.

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