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5 Things You Need To Know, Today, on Monday 5th December 2022
5. Currys has stopped using Royal Mail for parcel deliveries "for now" following a wave of strike action at the postal services firm.
Alex Baldock, chief executive at the electronics retailer, said Currys used Royal Mail for "relatively few, smaller parcels".
4. British new car registrations rose for the fourth consecutive month in November, with a more than 20% jump, according to preliminary industry data released today.
The Society of Motor Manufacturers and Traders (SMMT) said plug-ins accounted for more than one in four new registrations in November.
3. Firms are not investing, prices are rising and the economy is contracting - a dire economic picture that is set to last into next year, the UK's biggest business group has warned.
The UK could even face a decade of lost economic growth if action is not taken, the Confederation of British Industry (CBI) boss Tony Danker said.
2. Oil prices were steady after a small rise today following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 (£49) a barrel.
Brent crude added around 0.7% to above $86 in Asia trading.
1. The RMT union has rejected an offer, that included a pay increase for staff of up to 8% over two years, from the group representing train companies which sought to stop strikes in the run-up to Christmas.
The latest round of strikes by RMT members at Network Rail and 14 train companies is due to begin in nine days.