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5 Things You Need To Know, Today, on Wedesday 22nd June 2022
5. Britain is becoming a more closed economy due to Brexit, with damaging long-term implications for productivity and wages which will leave the average worker 470 pounds ($577) a year poorer by the end of the decade.
The report was written by London School of Economics associate professor Swati Dhingra - who will join the Bank of England's Monetary Policy Committee in August.
4. Electrical safety checks should be mandatory for social housing after thousands of hazards were uncovered in private rentals, a charity has said.
Five-year mandatory checks were introduced in the private rented sector in England in June 2020, mirroring an existing scheme in Scotland.
3. Energy watchdog Ofgem has been accused of allowing an industry to develop on "shaky foundations" in which a series of supply companies collapsed.
All billpayers are paying about £94 more each to cover the £2.7bn cost of the failure of 28 suppliers which folded after wholesale prices soared.
2. Some Asda shoppers are setting £30 limits at checkouts and petrol pumps, the supermarket's chairman has said.
Customers are putting less in their baskets, switching to budget ranges and are worried about the future, "What we're seeing is a massive change in behaviour," said Lord Stuart Rose.
1. Train services in Britain will continue to be disrupted today as talks resume in a bid to resolve a dispute over jobs, pay and conditions.
Millions of passengers were affected on Tuesday after rail workers walked out in the largest rail strike in decades.