5 Things You Need To Know, Today, on Thursday 13th October 2022
Episode 953, Oct 13, 2022, 05:51 AM
5 Things You Need To Know, Today, on Thursday 13th October 2022
5. Royal Mail workers are holding the first of 19 strikes in a long-running dispute over pay and conditions.
The Communication Workers Union (CWU) said 115,000 members across the UK would walk out in a 24-hour strike today.
(Click here to read more)
4. Savers are finally being offered better rewards from providers after years of low interest rates, but some deals are being pulled within hours.
Experts say banks and building societies are leapfrogging each other on best-buy tables as they advertise new products with better returns.
(Click here to read more)
3. Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in gross domestic product from July, and the report also showed how a jump in inflation was hitting consumers.
(Click here to read more)
2. The turmoil on UK financial markets has intensified after the Bank of England insisted its emergency bond-buying scheme would come to an end this week.
The cost of government borrowing over 10 years briefly surged to its highest level since 2008, as investors demanded higher returns to lend to the UK.
(Click here to read more)
1. The government may have to rethink its tax-cutting plans to reassure financial markets and stabilise the economy, some senior Conservative MPs have said.
The warnings came ahead of a bruising appearance for the prime minister at a meeting of Tory backbenchers.
(Click here to read more)
5. Royal Mail workers are holding the first of 19 strikes in a long-running dispute over pay and conditions.
The Communication Workers Union (CWU) said 115,000 members across the UK would walk out in a 24-hour strike today.
(Click here to read more)
4. Savers are finally being offered better rewards from providers after years of low interest rates, but some deals are being pulled within hours.
Experts say banks and building societies are leapfrogging each other on best-buy tables as they advertise new products with better returns.
(Click here to read more)
3. Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in gross domestic product from July, and the report also showed how a jump in inflation was hitting consumers.
(Click here to read more)
2. The turmoil on UK financial markets has intensified after the Bank of England insisted its emergency bond-buying scheme would come to an end this week.
The cost of government borrowing over 10 years briefly surged to its highest level since 2008, as investors demanded higher returns to lend to the UK.
(Click here to read more)
1. The government may have to rethink its tax-cutting plans to reassure financial markets and stabilise the economy, some senior Conservative MPs have said.
The warnings came ahead of a bruising appearance for the prime minister at a meeting of Tory backbenchers.
(Click here to read more)