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5 Things You Need To Know, Today, on Monday 20th June 2022
5. A Treasury minister has warned employees not to expect their wages to rise along with the soaring rate of inflation.
Simon Clarke said that big increases in salaries to meet the rising cost of living could end up in a 1970s style "inflationary spiral".
4. Asking prices for British homes being put up for sale rose by the smallest amount since January this month and the prospect of higher interest rates squeezed home-buyers.
Property website Rightmove said asking prices for homes put on sale between May 15 and June 11 were 0.3% higher than a month earlier, down from a 2.1% rise in its May data.
3. A scheme offering interest-free loans to the financially vulnerable is being expanded to reach up to 20,000 people.
After a successful trial in Manchester the No Interest Loan Scheme (NILS) will be rolled out across the UK from September and backed by the Treasury but will be run by credit unions and other lenders.
2. The UK's energy watchdog announced new plans to stop energy companies from going bust after a string of high profile closures linked to high wholesale costs.
Planned measures include a cap on payments billed via direct debit, to "ensure credit balances do not become excessive".
1. Travellers are facing reduced train services across England, Scotland and Wales ahead of the biggest rail strike in 30 years.
A temporary timetable is due to be introduced later, but last minute talks between unions and rail bosses will continue this morning.