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5 Things You Need To Know, Today, on Thursday 26th January 2023
5. Aircraft giant Boeing will answer a fraud charge in court later over two plane crashes which killed 346 people.
Both accidents were down to flaws in the flight control systems on the 737 Max aircraft which caused nosedives. Boeing was found to have failed to disclose information about the system but avoided a trial by agreeing to pay $2.5bn (£1.8bn) in fines and compensation.
4. Collapsed electric car battery business Britishvolt might have found a lifeline after an Australian start-up lodged a late rescue bid.
The UK company entered administration on 17 January when it failed to attract any viable bids to keep it afloat, with the loss of hundreds of jobs.
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3. Britain's commercial real estate sector is increasingly feeling the pinch of higher borrowing costs, as investor enquiries declined in the fourth quarter and the outlook for the year ahead worsened.
The Royal Institution of Chartered Surveyors (RICS) said 83% of respondents to its quarterly commercial property survey thought the market was already in a downturn, up from 81% a quarter before. Almost half considered this downturn to be in its early stages.
2. A record number of 376,107 people switched their custom to a different bank in the final three months of last year.
Cash incentives of up to £200 led thousands of people to move their current accounts, as they sought extra income to help pay bills and deal with rising prices.
1. The number of new cars made in the UK fell again sharply last year plummeting to its lowest level since 1956.
The drop marks a 10% fall from the year before which itself was a historic low.