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5 Things You Need To Know, Today, on Friday 23rd September 2022
5. Boeing is to pay out $200m (£177.5m) over charges that it misled investors about two fatal 737 MAX crashes.
The US stock market regulator said the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues.
4. A major new survey from Microsoft shows that bosses and workers fundamentally disagree about productivity when working from home.
While 87% of workers felt they worked as, or more efficiently, from home, 80% of managers disagreed.
3. British consumer confidence slid this month to its lowest level since records began in the mid-1970s.
The consumer confidence index from market research firm GfK fell to -49 in September from -44 in August, worse than all forecasts in a Reuters poll that pointed to an improved reading of -42.
2. The Bank of England has raised interest rates from 1.75% to 2.25% - the highest level for 14 years - and warned the UK may already be in a recession.
The central bank had previously expected the economy to grow between July and September but it now believes it will shrink by 0.1%.
1. Chancellor Kwasi Kwarteng is to outline tax cuts and energy bills support during a mini-budget at 9.30am.
Measures could include cutting stamp duty for property purchases and scrapping a planned rise in corporation tax.