5 Things You Need To Know, Today, on Friday 21st October 2022
Episode 973, Oct 21, 2022, 05:57 AM
5 Things You Need To Know, Today, on Friday 21st October 2022
5. TikTok has denied a report that a China-based team at its parent company ByteDance planned to use the app to track the locations of US citizens.
The social media giant said on Twitter that it has never been used to "target" the American government, activists, public figures or journalists.
(Click here to read more)
4. Confidence among British consumers remained close to the lowest level on record this month with households facing double-digit inflation, rising interest rates and political chaos.
Market research firm GfK's consumer confidence index rose to -47 from -49 in September which was its weakest level since the survey was launched in 1974.
(Click here to read more)
3. The value of discounts on electricity bills for households that cut peak-time use is to be raised, National Grid ESO has said.
Households will be paid £3 per kilowatt hour instead of 52p, if they avoid high-power activities, such as cooking, when demand is high.
(Click here to read more)
2. The pound rose against the dollar and government borrowing costs dipped as the markets reacted to Prime Minister Liz Truss's resignation.
Sterling hit $1.13 as Truss made her announcement and rose higher in the afternoon before falling back to $1.12.
(Click here to read more)
1. Almost eight million people are struggling to pay their bills as living costs surge, a watchdog has warned.
The Financial Conduct Authority (FCA) estimated that 7.8 million people in the UK currently find bills a "heavy burden", up from 5.3 million in 2020.
(Click here to read more)
5. TikTok has denied a report that a China-based team at its parent company ByteDance planned to use the app to track the locations of US citizens.
The social media giant said on Twitter that it has never been used to "target" the American government, activists, public figures or journalists.
(Click here to read more)
4. Confidence among British consumers remained close to the lowest level on record this month with households facing double-digit inflation, rising interest rates and political chaos.
Market research firm GfK's consumer confidence index rose to -47 from -49 in September which was its weakest level since the survey was launched in 1974.
(Click here to read more)
3. The value of discounts on electricity bills for households that cut peak-time use is to be raised, National Grid ESO has said.
Households will be paid £3 per kilowatt hour instead of 52p, if they avoid high-power activities, such as cooking, when demand is high.
(Click here to read more)
2. The pound rose against the dollar and government borrowing costs dipped as the markets reacted to Prime Minister Liz Truss's resignation.
Sterling hit $1.13 as Truss made her announcement and rose higher in the afternoon before falling back to $1.12.
(Click here to read more)
1. Almost eight million people are struggling to pay their bills as living costs surge, a watchdog has warned.
The Financial Conduct Authority (FCA) estimated that 7.8 million people in the UK currently find bills a "heavy burden", up from 5.3 million in 2020.
(Click here to read more)