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5 Things You Need To Know, Today, on Friday 24th February 2023
5. US billionaire financier Thomas H Lee who helped pioneer the debt-fuelled corporate acquisition known as a leveraged buyout has been found dead, his family says.
The New York Post reports that he died from a self-inflicted gunshot wound at his Manhattan office.
4. The UK's biggest retailers will next week warn Rishi Sunak that the government's waste strategy risks forcing prices up for consumers even as continued inflationary pressures exacerbate the cost-of-living crisis.
The British Retail Consortium (BRC) is expected to outline industry concerns about the costs associated with new packaging and bottle recycling measures.
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3. Netflix has cut prices in more than 30 countries as it attempts to attract more subscribers.
Prices have been cut in parts of Asia, Europe, Latin America, sub-Saharan Africa and the Middle East. The company did not name the UK or the US as countries where it had cut its prices.
2. A shortage of some fruit and vegetables could last until May, according to producers in one of the UK's biggest growing regions.
The Lea Valley Growers Association said major UK growers were delaying planting some crops due to high energy costs.
1. Official figures suggest overall UK inflation may have peaked at 11.1% in October. But the rate of food price rises is still running at 16.7%.
The BBC has been tracking the cost of a small basket of 15 everyday essentials. The total has gone up by £5.34 - from £15.79 in 2021 to £21.13 in 2023 with the price of pasta nearly doubling in two years.