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5 Things You Need To Know, Today, on Tuesday 15th November 2022
5. Japan's economy has unexpectedly shrunk for the first time in a year as the rising cost of living hit consumer spending growth.
Gross domestic product (GDP) fell by an annualised 1.2% in the three months to the end of September.
4. People are being alerted to the fire risks of unsafe use of electric heaters as they try to keep down costs during the winter.
The popularity of portable machines to heat a single room has increased as energy bills have soared.
3. More than a third of British pubs and restaurants have shortened their trading hours over the last three months to keep a lid on soaring energy costs, the ONS says.
Some 6% of pubs, cafes and restaurants had decided to close an extra two days a week, 7% were open one day less, while 21% had reduced opening hours but not the number of days they were open.
2. The government's targets for "levelling up" and "net zero" are at risk if too much investment spending is cut in the Autumn Statement, its top adviser on infrastructure has warned.
The head of the National Infrastructure Commission said it was crucial the government stuck to its policies.
1. Rishi Sunak will increase the national living wage and give 8 million households cost-of-living payments worth up to 1,100 pounds($1,292.61), The Times has reported.
Chancellor Jeremy Hunt and Sunak will accept an official recommendation to increase the living wage from £9.50 an hour to about £10.40 an hour, nearly a 10% rise, the newspaper reported.