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5 Things You Need To Know, Today, on Tuesday 12th April 2022
5. Campaigners have warned a rise in benefits payments will be "gobbled up by a terrifying rise" in energy and household bills.
Means-tested payments, like Universal Credit, and the state pension have risen by 3.1% but official figures show that prices are rising twice as fast, and they are expected to accelerate further.
4. The preferred site for a new government hub in Darlington has been revealed, after it was announced last year that a "significant part" of the Treasury workforce would relocate from London.
Speaking during a visit to the town, Chancellor Rishi Sunak said Brunswick was the preferred location for the Darlington Economic Campus.
3. Gas and electricity bills are likely to rise by a further 500 pounds ($651.35) this autumn as the war in Ukraine weighs on wholesale energy prices.
An initial assessment from the energy regulator Ofgem concluded the energy price cap is on course to rise to about 2,400 pounds in October.
2. Sales in shops have slowed as household budgets come under pressure from the rising cost of living, the British Retail Consortium (BRC) has said.
New figures show sales growth for March rose at its slowest rate so far this year, with UK retail sales falling by 0.4% from 12 months earlier.
1. UK's economic growth slowed in February following a sharp fall in the production of cars and computer goods.
The ONS said the economy expanded by 0.1% compared with 0.8% in January but a fall in manufacturing was off-set by growth in the services sector including areas such as tourism and travel.