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5 Things You Need To Know, Today, on Tuesday 2nd August 2022
5. Almost 10 years ago James Howells threw away a hard drive during a clear out - forgetting about the Bitcoin on it.
Now, with the Bitcoin worth an estimated £150m ($184m), he is planning to spend millions digging up a Newport landfill in a bid to find the lost hard drive and if recovered says he would give 10% of the proceeds to turn the city into a crypto-currency hub.
4. Sportswear chain JD Sports has lost millions of pounds after being forced to sell Footasylum, three tumultuous years after buying the retailer.
JD Sports has offloaded Footasylum for £37.5m, far less than the £90m price it paid in 2019.
3. The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage point interest rate rise as soon as this week.
Governor Andrew Bailey and his colleagues will be looking as they assess the persistence of inflation pressures ahead of their next scheduled monetary policy announcement at 11am on Thursday.
2. British Airways has halted sales of tickets on short-haul flights from Heathrow Airport until 8 August as disruption to air travel continues.
The move is due to the cap on daily passenger numbers that the UK's largest airport has imposed over the summer.
1. Typical domestic energy bills could hit more than £3,600 a year this winter, according to a new forecast.
Consultancy Cornwall Insight said the typical gas and electricity bill in England, Wales and Scotland could reach £3,615 in the new year - hundreds of pounds more than previous predictions.