5 Things You Need To Know, Today, on Friday 12th October 2018
Justin Waite
5 Things You Need To Know
05:39, 12th October 2018

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5 Things You Need To Know, Today, on Friday 12th October 2018

5. Women's fashion retailer Coast has gone into administration, putting 300 jobs at risk, in a sign of continuing pain on the High Street.

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4. British lenders expect to scale back mortgage lending in the next three months by the greatest extent since the depths of the financial crisis in late 2008, a Bank of England survey showed yesterday.

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3. Asian shares found a slightly firmer footing today to set course for their first gains in two weeks, but the rout continued in Shanghai where shares hit lows last seen in 2014.

Investor sentiment was frail though as Wall Street’s fear gauge rose to an eight-month high.

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2. Britain’s plan to strike trade deals around the world, a key plank of the government’s strategy for life outside the European Union, is unlikely to help the economy much, the Office for Budget Responsiblitly said yesterday.

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1. Motoring groups have condemned the government's decision to cut subsidies for buying greener cars.

From 9 November, grants for new plug-in hybrids will be scrapped, while discounts on all-electric cars will be cut from £4,500 to £3,500.

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