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5 Things You Need To Know, Today, on Friday 18th November 2022
5. Twitter has told employees that the company's office buildings will be temporarily closed, effective immediately.
Workers were told that the offices would reopen on Monday 21 November. It did not give a reason for the move.
4. Royal Mail workers are to strike on six days in December, including Christmas Eve, usually one of the busiest days of the year for the company.
The action is on top of four days already announced for late November, around the Black Friday shopping weekend over pay and conditions.
3. Car makers have expressed dismay over plans to make electric cars subject to vehicle excise duty, in line with petrol, diesel and hybrid vehicles.
The tax will apply from April 2025, the chancellor said in his Autumn Statement.
2. Help with energy costs has been extended for all households, but at a less generous level, meaning millions will still face higher bills.
The bill for a typical household will rise to £3,000 in April, from £2,500 now, Chancellor Jeremy Hunt announced.
1. The UK faces its biggest drop in living standards on record as the surging cost of living eats into people's wages.
The government's forecaster said that household incomes - once rising prices were taken into account - would dive by 7% in the next few years. It also expects the number of people who are unemployed to rise by more than 500,000.