5 Things You Need To Know, Today, on 7th June 2019
Justin Waite
5 Things You Need To Know
05:13, 7th June 2019

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5 Things You Need To Know, Today, on 7th June 2019

5. Cash use is falling, with predictions that fewer than one in 10 transactions will be completed with notes and coins in 10 years' time.

Ten years ago, cash was used in six out of 10 payments, but it has been overtaken in popularity by debit cards, driven by the use of contactless technology.

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4. Investors in the Woodford Equity Income Fund should not be charged fees while trading in the fund is suspended, the chair of the Treasury Committee says.

Nicky Morgan also said the committee would raise the issue with regulators.

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3. U.S. job growth likely increased solidly in May, with wage gains expected to pick up, showing strength in the labor market before an escalation in trade tensions that analysts have cautioned could pressure an already slowing economy.

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2. Preparing for Brexit has cost the UK government £97m so far, the National Audit Office has revealed.

The money has been spent on hiring external consultants because government departments lack the staff and skills needed.

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1. British employers increased their spending on temporary staff at the weakest rate in more than six years and hired fewer permanent staff, recruiters said, suggesting Britain’s robust labour market will weaken.

Retail and construction saw the biggest fall in demand for staff while nursing and computing remained strong, the Recruitment and Employment Confederation (REC) said.

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