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5 Things You Need To Know, Today, on Wednesday 3rd August 2022
5. MicroStrategy co-founder Michael Saylor, whose strategy has been to acquire Bitcoin, has given up his chief executive officer title after the enterprise-software maker reported a loss of more than $1 billion.
The quarterly loss is almost exactly twice the company’s revenue in the last 12 months.
4. Football fans have been urged to be wary of ticket scams.
Fraudsters are using social media to offer fake tickets and trick unsuspecting victims out of their cash - the average loss is £410, according to Lloyds Bank.
3. Britain's worsening cost-of-living crisis will cost millions of households their savings unless the government increases support for households immediately, a leading think tank has warned .
The National Institute of Economic and Social Research (NIESR) said Britain was sliding into a recession that will hammer the most deprived areas of the country and force more than a million households to choose between heating their homes and purchasing sufficient food.
2. More than 16,000 businesses which took out a type of government-backed Covid loan have gone bust without paying the money back.
Hundreds of directors, who got loans they were not entitled to, have also been disqualified.
1. The price of petrol fell in July, knocking nearly £5 off the cost of filling a tank, according to the RAC.
Average petrol prices dropped by nearly 9p over the month to 182.69p per litre, while diesel fell by almost 7p to 192.38p per litre.