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5 Things You Need To Know, Today, on Wednesday 5th January 2022

5. US car giant General Motors has lost its title as America's top car seller for the first time in 90 years.

Japan's Toyota claimed the top spot, selling more than 2.3 million vehicles last year, up 10%.

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4. Customers of Nationwide are facing another round of delays on payments after a queuing system was installed by the building society.

It said the move was needed to manage the system during a surge in payments on the first working day of the year.

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3. British manufacturing grew slightly more quickly than originally thought in December and pandemic-related supply chain problems eased a bit, taking some of the heat out of rising input prices.

The final reading of the UK Manufacturing PMI for December stood at 57.9, up from a preliminary reading of 57.6 and not far off November's three-month high of 58.1 whilst input prices rose at their slowest pace in three months.

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2. Travel industry groups have called for all remaining Covid restrictions on travellers to be removed in the latest government review.

With data last week suggesting one in 25 people in the UK currently had the virus, airlines say passenger testing is having no real impact.

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1. Boris Johnson says he hopes England can "ride out" the current wave of Covid-19 without further restrictions and would recommend continuing the government's "Plan B" strategy in England to ministers today.

But he acknowledged parts of the NHS would feel "temporarily overwhelmed" amid a surge of Omicron cases.

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