5 Things You Need To Know, Today, on Tuesday 11th June 2019
Justin Waite
5 Things You Need To Know
05:11, 11th June 2019

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5 Things You Need To Know, Today, on Tuesday 11th June 2019

5. Estonia’s Bolt, which until early 2019 was called Taxify, will re-enter the competitive London taxi market today, promising cheaper rides to passengers and a better cut to drivers than its bigger global rival Uber.

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4. British construction firms report having almost a third less work in the pipeline than a year ago, with Brexit and the collapse of larger contractors a major worry, an annual survey of subcontractors showed today.

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3. The Bank of England will probably need to raise interest rates sooner than financial markets expect, policymaker Michael Saunders said yesterday, adding his voice to an unexpectedly hawkish message from the central bank’s chief economist.

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2. The UK risks losing its position as a world leader in mobile connectivity, Britain's mobile operators are warning.

In a draft letter to Cabinet Secretary Mark Sedwill, operators will urge the government to clarify its position over Huawei.

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1. A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April.

The economy contracted 0.4% from the month before, according to the ONS meaning growth for the three months to April slowed to 0.3%.

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