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5 Things You Need To Know, Today, on Monday 25th October 2021

04:51, 25th October 2021

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5 Things You Need To Know, Today, on Monday 25th October 2021

5. Almost £2bn will be invested by the government into building new homes on derelict or unused land in England, the chancellor is expected to announce in Wednesday's Budget.

The government says the funding will build 160,000 greener homes on brownfield land, equivalent to 2,000 football pitches.

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4. Major phone networks have agreed to automatically block almost all internet calls coming from abroad if they pretend to be from UK numbers, Ofcom has confirmed.

Criminals have been using internet-based calling technology to make it look like a phone call or text is coming from a real telephone number.

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3. HSBC's third quarter earnings have comfortably beat analyst's estimates.

The the Asia-focused bank reported pre-tax profit came in at $5.4 billion in the third quarter of 2021 above anylysts expectations of $3.7 billion.

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2. The NHS in England is to receive an extra £5.9bn in this week's Budget, the government has announced.

The money will be used to help clear the record backlog of people waiting for tests and scans, which has been worsened by the pandemic, and also to buy equipment and improve IT.

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1. The Chancellor has said "strong investment in public services" will be at the heart of his plans for rebuilding the economy when he sets out his Budget next week.

Rishi Sunak said he would drive growth by spending on infrastructure, innovation and skills but he said he did not have a "magic wand" to make rising costs disappear.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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