5 Things You Need To Know, Today, on Monday 11th February 2019
Justin Waite
5 Things You Need To Know
06:15, 11th February 2019

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5 Things You Need To Know, Today, on Monday 11th February 2019

5. Mike Ashley's Sports Direct has cancelled a bid for collapsed cafe chain Patisserie Valerie, just two days after making an offer.

Sports Direct offered £15m, but was told by administrator KPMG it would need to offer up to £2m more than this.

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4. According to the TUC, people on zero-hour contracts are more than twice as likely to work night shifts, and are paid a third less an hour, than other workers.

The Trade Union concluded the "exploitative" system should be banned.

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3. Research from the London School of Economics’ Center has revealed the 2016 Brexit vote led to a 12% increase in foreign direct investment transactions, from Britain into the EU between mid-2016 and September 2018.

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2. Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS).

To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023.

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1. Theresa May has responded to Jeremy Corbyn's letter setting out his five demands for a Brexit deal.

The prime minister rejected his call for the UK to stay in a customs union with the EU but welcomed more talks with Labour on a Brexit agreement.

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