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5 Things You Need To Know, Today, on Friday 1st April 2022
5. China's popular WeChat messaging app has suspended some accounts linked to non-fungible tokens (NFTs), to prevent speculation in the digital assets.
The platform says it has "rectified" accounts which it found to be promoting NFT market speculation, that can help to drive up prices.
4. Energy websites have been crashing as customers rush to submit meter readings ahead of bills rising today so their usage is covered by the current cheaper rates.
A number of major suppliers said they were working to resolve issues with their websites.
3. A surge in demand for workers in Britain is showing some signs of stabilising, that may provide some comfort to the Bank of England as it worries about the risk of long-term inflation pressure.
The Recruitment and Employment Confederation (REC) said new job postings fell by 25% in the last week of March from a week earlier, returning to the kind of increase seen in mid-January.
2. Russia has told "unfriendly" foreign countries they must start paying for gas in roubles or it will cut supplies.
Vladimir Putin has signed a decree stating buyers "must open rouble accounts in Russian banks" from Friday.
1. Millions of people will now feel the impact of an unprecedented £700-a-year rise in energy costs - at the same time as a host of bill hikes take effect.
The 54% rise in the energy price cap means a household using a typical amount of gas and electricity will now pay £1,971 per year.