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5 Things You Need To Know, Today, on Thursday 9th December 2021
5. Lego has announced plans to build a new manufacturing operation in Vietnam to keep up with growing demand for its products in Asia.
The toymaking giant said it will invest more than $1bn (£760m) in the project, which will be near the country's main business hub of Ho Chi Minh City.
4. New Zealand will ban the sale of tobacco to its next generation, in a bid to eventually phase out smoking.
Anyone born after 2008 will not be able to buy cigarettes or tobacco products in their lifetime, under a law expected to be enacted next year.
3. The number of people in Britain putting their home up for sale fell for an eighth month in a row in November, placing further upward pressure on house prices, the Royal Institution of Chartered Surveyors (RICS) said.
RICS said its monthly house price balance held at +71 in November after an upward revision to October's reading, not far from the 33-year high of +82 recorded in June.
2. The Bank of England will wait until early next year before raising borrowing costs, later than previously expected, as it awaits further information on the economic impact of the new Omicron coronavirus variant.
In a November poll a slim majority of economists expected a rise from 0.10% to 0.25% on Dec. 16th but since then policymaker Michael Saunders, who voted for an interest rate hike last month, said he wanted more details about the new variant before deciding how to vote this month.
1. People in England are preparing for more restrictions on daily life after the PM approved his Covid Plan B to limit the spread of Omicron.
The new rules, some of which start on Friday, include masks in most public places, Covid passes for some venues and work from home guidance.
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