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5 Things You Need To Know, Today, on Thursday 20th April 2023
5. Tens of millions of pounds belonging to about 80,000 young people without capacity to make financial decisions could be locked in trust funds, a report suggests.
Those families must go through court to access the savings when accounts mature - a process which can take months and cost hundreds of pounds.
4. Tesla says it has no plans to stabilise the prices of its popular electric vehicles, despite repeated price cuts denting its profits.
Tesla said overall revenue in the first three months of the year rose to $23.3bn (£18.4bn), up 24% from a year ago, as car sales increased but profit in the same period dropped 24% from a year earlier, to $2.5bn (£2bn).
3. Lidl has won a trademark lawsuit against market leader Tesco over its use of a yellow circle in branding.
The German discount chain brought the case in 2020 shortly after its rival adopted a yellow circle against a blue background to promote its Clubcard Prices discount scheme.
2. Interest in new electric vehicles may be declining, data from the UK's largest car sales website suggests.
The volume of new electric car searches, ad views and messages to retailers on the Auto Trader platform was down nearly two thirds (65%) from the beginning of last year to March this year, it reported.
1. Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, bolstering bets that the Bank of England will raise interest rates again in May.
Consumer price inflation (CPI) dropped to an annual rate of 10.1%, the Office for National Statistics (ONS) said, down from 10.4% in February but well above the 9.8% forecast and the 9.2% predicted by the BoE in February.