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5 Things You Need To Know, Today, on Tuesday 31st January 2023
5. The US government has stopped approving licences for American firms to export most items to Chinese technology giant Huawei, according to reports.
It comes as the Biden administration continues to tighten its rules on exports of US technology to China.
4. Firefighters across the UK have voted for strike action in a row over pay.
The Fire Brigades Union said while it had a mandate to take its members out on strike, it would not announce any dates until after it meets employers.
3. Many people struggled to keep warm and ate food past its use-by date in the build-up to Christmas as prices continued to soar, official data shows.
Issues regarding the costs of heating and eating, and the impact on individuals, are shown in data from the Office for National Statistics (ONS).
2. The transition to a greener economy is worth £71bn and has brought jobs and investment to parts of the UK experiencing industrial decline.
The drive to reach net zero emissions involves more than 20,000 businesses & some 840,000 jobs the key findings of a new report written by the Confederation of British Industry (CBI) found.
1. The UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households, the International Monetary Fund (IMF) has said.
The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted.