5 Things You Need To Know, Today, on Friday 13th May 2022
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5 Things You Need To Know, Today, on Friday 13th May 2022
5. Crypto-currency markets are being rocked after a popular token lost 99% of its value, dragging down a so-called "stablecoin" with it.
The Terra Luna token fell from a high of $118 (£96), last month, to $0.09 on Thursday.
4. Fashion giant Zara has become the latest retailer to charge shoppers who return items bought online.
Customers now must pay £1.95 to return clothes, with the cost taken from their refund. Items bought online can still be returned for free in stores.
3. Demand among tenants has jumped for properties where all the bills are included in the rent, according to Rightmove.
The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year.
2. The risk of a recession has risen, analysts have warned, after the economy shrank during March just as the UK had recovered from the pandemic.
Higher prices are "beginning to bite", the UK statistics body said, with people spending less and cutting down on car journeys due to high fuel costs.
1. Boris Johnson has demanded his cabinet comes up with a plan to cut about 90,000 civil service jobs to free up cash to tackle the cost of living.
Sources said the PM wants staffing to return to 2016 levels in the coming years, cutting about one in five posts.
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