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5 Things You Need To Know, Today, on Friday 10th March 2023
5. The National Food Crime Unit (NFCU) is investigating potential food fraud involving pre-packed sliced beef which was labelled as British but came from South America and Europe.
A supermarket in the UK has been forced to remove products from its shelves.
4. Asda and Morrisons are lifting restrictions on the sale of some fruit and vegetables as supply issues are beginning to ease.
Limits on cucumbers will be lifted at Morrisons, whilst restrictions on lettuce and broccoli will be lifted at Asda.
3. Shares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plummeted on Thursday as investors moved to withdraw their deposits.
The slide came after the bank announced a $1.75bn (£1.5bn) share sale to help shore up its finances.
2. Young homeowners are most likely to be financially stretched as a result of higher mortgage rates, the Financial Conduct Authority (FCA) has said.
An estimated 356,000 mortgage borrowers could face difficulties with repayments by July next year, the regulator said, with those aged 18 to 34 most affected.
1. The Birmingham to Crewe leg of high speed railway HS2 will be delayed by two years to cut costs.
HS2 has been beset by delays and cost rises. In 2010, it was expected to cost £33bn but is now expected to be £71bn.