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5 Things You Need To Know, Today, on Wednesday 8th September 2021
5. Angry protests, technological glitches and a plummet in value marked the first day of El Salvador adopting Bitcoin as legal tender.
The price of Bitcoin on Tuesday crashed to its lowest in nearly a month, falling from $52,000 (£37730) to under $43,000 at one point.
4. The government has confirmed a one-year suspension of the "triple lock" formula for annual state pension increases.
The move follows government concern that a big post-pandemic rise in average earnings would have meant pensions increasing by 8%.
3. A new health and social care tax to pay for reforms and the NHS in England has come under fire from business groups.
The British Chambers of Commerce (BCC) said it would "be a drag anchor on jobs growth" as firms emerge from the pandemic and furlough winds down.
2. House prices hit a record high in August, but the annual pace of growth in property values slowed, according to the UK's largest mortgage lender.
The Halifax said the cost of a typical home rose 0.7% last month to £262,954 and in the year to August, house prices rose 7.1%, down from a rate of 7.6% in July.
1. MPs will vote later on whether to raise National Insurance to fund health and social care, a day after Boris Johnson announced the manifesto-breaking move.
The prime minister says it will raise £12bn a year which will be used to tackle the health backlog caused by the Covid pandemic and boost social care.