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5 5 Things You Need To Know, Today, on Monday 16th January 2023
5. Tesla has cut the price of some of its most popular electric cars by thousands of pounds in Europe and the US, in a bid to boost customer demand.
The price cuts are in the range of 10% to 13% in the UK meaning new buyers will save £5,500 on an entry-level Model 3 and £7,000 on the cheapest Model Y.
4. A ban on some single-use plastics will come into force in England from October, the government has announced.
To tackle the growing plastic problem, takeaways, restaurants and cafes must stop using single-use plastic cutlery, plates and bowls.
3. People are spending more on holidays despite finances being squeezed by the cost of living, travel agents say.
Several holiday companies and tour operators said demand was high with bookings surging in early January. Since the beginning of the year, sales across its network of 700 travel agents were up by 75% on the same period in 2022.
2. Asking prices for British homes rose for the first time in two months as the housing market showed signs of calming after the turmoil triggered by former prime minister Liz Truss's "mini-budget", property website Rightmove said.
Asking prices for residential properties increased by 0.9%, or £3,301 ($4,032.50) from December 4th to January 7th from a month earlier, after a 2.1% fall over the previous month.
1. Money borrowed to pay for Christmas could take years to repay, a charity has warned as a poll for the BBC reflects fears over unmanageable debt.
A third of respondents who used credit to help get through Christmas and the holiday season said they were not confident about their ability to repay.