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5 Things You Need To Know, Today, on Friday 14th October 2022
5. The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster that expected in America.
The yen fell to 147.66 against the US dollar before regaining some ground.
4. Netflix is launching a new streaming option with adverts in November, introducing a less expensive offering as it fights to keep viewers.
The plan will be available in 12 countries including the UK, US, Canada, Mexico and Australia, charging £4.99 a month for the service in the UK, while it will cost $6.99 in the US.
3. People in North Wales, Cheshire and parts of Merseyside pay the highest rate for their electricity under the government's Energy Price Guarantee.
Customers in this region pay 36p a unit compared with the average of 34p, and the lowest of 32p, new figures show, with energy regulator Ofgem saying the price differences "reflect how much it costs to transport energy to where you live".
2. British households should reduce their gas and electricity use where possible this winter to help cut costs and reduce the risk of power cuts.
The advice, from Ofgem. comes after the country’s National Grid last week warned that Britain could face forced power cuts if it is unable to import enough electricity and gas this winter.
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1. Chancellor Kwasi Kwarteng has cut short his visit to the US for urgent talks in Downing Street, with a U-turn over the mini-budget on the table.
Prime Minister Liz Truss is facing calls to change her economic plans to reassure markets and her party.