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5 Things You Need To Know, Today, on Friday 21st January 2022
5. General Motors said it plans to expand its hydrogen fuel cell business beyond vehicles by supplying hydrogen-powered generators for use at construction sites, music festivals, data centers and the military.
The wider application of hydrogen fuel cells will allow GM to leverage and scale existing hydrogen investments and refine the technology.
4. A £1bn shortfall in state pension payments to tens of thousands of women has been branded "a shameful shambles" by a committee of MPs.
A total of 134,000 pensioners missed out on their full entitlement owing to errors at the Department for Work and Pensions (DWP) dating back to 1985.
3. Banks including Standard Chartered and Citigroup have told staff in Britain to return to the office, taking advantage of the government's lifting of work-from-home rules to combat the spread of COVID-19.
2. A firm planning mass production of electric car batteries in the UK has secured £100m in government funding for its proposed factory in Northumberland.
Britishvolt announced plans for the so-called gigafactory in Cambois two years ago, saying it would create 3,000 jobs.
1. People in Britain turned more pessimistic this month in the face of fast-rising inflation and the prospect of more interest rate hikes by the Bank of England.
The GfK Consumer Confidence Index fell to -19 in January from -15 in December the lowest since February 2021 when the country was under a strict coronavirus lockdown.