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5 Things You Need To Know, Today, on Wednesday 29th June 2022
5. Airbnb has permanently banned parties and events at homes on its platform, after a temporary measure during the pandemic proved popular with hosts.
The firm says the rule has become "much more than a public health measure" since it was introduced in August 2020.
4. People are buying fewer scratch cards than before the pandemic as living costs soar, the boss of Camelot has said.
Nigel Railton, chief executive of the outgoing UK National Lottery operator, said there had been a "slight bubble" around scratch cards during the pandemic which has now "reversed" with annual sales dropping by £283.2m to £8.1bn.
3. Poundland is increasing the number of products it sells for a pound as retailers battle for customers.
Around half of its products are priced at a pound, but the business says by the end of this week 60% of what it sells will be a pound or less.
2. A new government campaign asking businesses to cut prices to help with living costs has been branded a "slap in the face" for small firms.
The Federation of Small Businesses said asking struggling companies to "soak up additional costs just isn't realistic".
1. British retailers raised prices at the fastest pace since 2008 this month, driven by the rapidly rising cost of food, according to industry data that showed the extent of the inflation squeeze for households.
The British Retail Consortium (BRC) said that average prices among its members in early June were 3.1% higher than a year earlier, the biggest jump since September 2008 and up from May's 2.8% rise.