If you find this podcast useful please give it a rating and review on iTunes by clicking here
5 Things You Need To Know, Today, on Thursday 17th March 2022
5. Lloyd's of London has fined a member firm £1m due to some male managers' heavy drinking, initiation games and sexual remarks about female staff.
Atrium Underwriters admitted charges relating to bullying and misconduct during annual 'boys' nights out'.
4. Diesel prices in the UK rose by an average of more than 2p in a day as Russia's invasion of Ukraine continues to affect global oil costs.
The fuel jumped to a record £1.76 per litre on Tuesday, up from almost £1.74 on Monday.
3. Two in five people on universal credit were "forced into a downward spiral of debt this winter" because the payment didn't cover the rising cost of living, according to the Trussell Trust charity.
The poverty charity, which runs food banks across the UK, found that one in six of those surveyed had visited a food bank at least once since the beginning of December.
2. The US Federal Reserve is raising interest rates for the first time since 2018 in an attempt to bring fast-rising prices under control.
The US central bank said it was lifting its benchmark rate by 0.25 percentage points and signalled plans for further rate rises in the months head.
1. The Bank of England looks set to raise interest rates today as it tries to stop soaring inflation from becoming engrained in the British economy.
All but five of 49 economists recently polled by Reuters thought the BoE will raise Bank Rate for a third meeting running, back to its pre-pandemic level of 0.75%, with the rest expecting it to stay on hold at 0.5%.