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5 Things You Need To Know, Today, on Wednesday 15th June 2022
5. An advert for betting firm Paddy Power has been banned for encouraging repetitive gambling, by showing it taking priority over family.
The advert features a woman asking her boyfriend "Do you think I'll end up looking like my mum?".
4. Netflix is recruiting participants for a reality TV show inspired by its most popular series of all time, Squid Game.
However, it will not be life or death that is at stake, instead, 456 recruits from around the world will play games where "the worst fate is going home empty-handed" - missing out on a $4.56m (£3.8m) prize.
3. Missguided shoppers, left out-of-pocket after the fashion brand failed, won't get their money back say the administrators winding up the company.
Teneo, which is running the business until new owner Fraser Group takes over, said the company won't be able to honour refunds to customers.
2. The Federal Reserve today is set to begin discussing whether to increase the pace of its monetary tightening in the face of worsening inflation as expectations rise that it will raise interest rates by 0.75 percentage points.
The Federal Open Market Committee will convene for a two-day gathering just days after the latest economic data suggested that price pressures had become more relentless than expected.
1. The first of two payments to help the poorest households with the cost of living will hit people's bank accounts from 14 July, the government says.
More than eight million UK homes on benefits will receive £326 by the end of July, with a second payment of £324 set to follow in the autumn.