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5 Things You Need To Know, Today, on Friday 27th May 2022

5. From street parties to collectables, the nation is set spend millions on royal memorabilia to celebrate the Queen's Platinum Jubilee.

Her Majesty's 70-year reign is being marked with a four day weekend, and there is a plethora of merchandise on offer.

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4. Twitter investors are suing Elon Musk and the social media platform over the handling of the billionaire's $44bn (£34.9bn) bid for the company.

The case alleges he violated California corporate laws in a number of ways.

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3. The cost of rapidly charging an electric car has risen sharply as energy costs soar, the RAC has said.

However, electric car charging still remains cheaper than petrol and diesel.

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2. The government will continue to come under pressure to help people facing high energy bills into next year, the Institute of Fiscal Studies has warned.

The IFS said calls for help were likely to continue for "at least" another year if oil and gas prices do not fall.

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1. Every household in the UK is to get an energy bill discount of £400 this October as part of a package of new measures to tackle soaring prices.

The poorest households will also get a payment of £650 to help with the cost of living, Chancellor Rishi Sunak said.

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