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5 Things You Need To Know, Today, on Tuesday 16th August 2022
5. The UK is to cut import taxes on hundreds more products from some of the world's poorest countries to boost trade links.
The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was first part of while a member of the European Union.
4. German households will have to pay hundreds of pounds more a year for gas under a levy to help energy companies cover the cost of replacing Russian supplies.
Before the Ukraine war, Germany imported more than half its gas from Russia.
3. Heathrow is to extend a cap on the number of passengers flying from the airport until the end of October due to staff shortages.
It means the limit, of 100,000 departing passengers a day, will now be in place until after the UK school half-term holidays.
2. The financial watchdog has been accused of failing to act on warnings about a doomed property investment scheme that saw people lose their life savings.
Some 2,000 people lost £46m when Blackmore Bond collapsed. It was claimed a marketing company had used suspect tactics to sell to ordinary people, not experienced investors.
1. Most households are underestimating the massive energy price rises predicted in the coming months with some even believing they will fall, new research shows.
Families believe their household gas and electricity bills will go up by £487 from the start of October, despite experts predicting a rise of more than three times that amount.