5 Things You Need To Know, Today, on Wednesday 12th October 2022
Episode 949, Oct 12, 2022, 06:00 AM
5 Things You Need To Know, Today, on Wednesday 12th October 2022
5. Co-op is trialling reduced lighting in stores as a way of saving money as energy bills continue to soar.
The supermarket is rolling out dimmer lighting in around 500 of its 2,500 convenience stores across the UK, the cost saving measures could reduce electricity bills by up to £4,000 a year for a single store.
(Click here to read more)
4. The number of people not looking for work because they are suffering from a long-term illness has hit a record high, latest official figures show.
The fall in the number looking for work has helped to push the unemployment rate to its lowest for nearly 50 years at 3.5% in the three months to August.
(Click here to read more)
3. Renewable energy generators and nuclear power plants could have their revenues capped under a new government plan.
The move could hit the profits energy companies, like SSE and Scottish Power, which are generated from record-high wholesale power prices.
(Click here to read more)
2. The International Monetary Fund (IMF) has doubled down on criticism of the chancellor's mini-budget, days after warning it will fuel rising prices.
The body, which works to stabilise economic growth, admitted tax cuts announced by Kwasi Kwarteng would boost growth in the short-term but the cuts would "complicate the fight" against soaring prices.
(Click here to read more)
1. The boss of the Bank of England has said a bond-buying scheme to stabilise pension funds must end on Friday, despite pleas to extend it.
He said that fund managers have got to make sure that their funds are resilient commenting: "You've got three days left now. You've got to get this done."
(Click here to read more)
5. Co-op is trialling reduced lighting in stores as a way of saving money as energy bills continue to soar.
The supermarket is rolling out dimmer lighting in around 500 of its 2,500 convenience stores across the UK, the cost saving measures could reduce electricity bills by up to £4,000 a year for a single store.
(Click here to read more)
4. The number of people not looking for work because they are suffering from a long-term illness has hit a record high, latest official figures show.
The fall in the number looking for work has helped to push the unemployment rate to its lowest for nearly 50 years at 3.5% in the three months to August.
(Click here to read more)
3. Renewable energy generators and nuclear power plants could have their revenues capped under a new government plan.
The move could hit the profits energy companies, like SSE and Scottish Power, which are generated from record-high wholesale power prices.
(Click here to read more)
2. The International Monetary Fund (IMF) has doubled down on criticism of the chancellor's mini-budget, days after warning it will fuel rising prices.
The body, which works to stabilise economic growth, admitted tax cuts announced by Kwasi Kwarteng would boost growth in the short-term but the cuts would "complicate the fight" against soaring prices.
(Click here to read more)
1. The boss of the Bank of England has said a bond-buying scheme to stabilise pension funds must end on Friday, despite pleas to extend it.
He said that fund managers have got to make sure that their funds are resilient commenting: "You've got three days left now. You've got to get this done."
(Click here to read more)