5 Things You Need To Know, Today, on Wednesday 6th July 2022
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5 Things You Need To Know, Today, on Wednesday 6th July 2022
5. Zimbabwe says it will introduce gold coins later this month as it tries to curb soaring inflation amid a slump in its currency.
The country's central bank also outlined plans to make the US dollar legal tender for the next five years.
4. More than two million low-income workers will no longer pay National Insurance from now, owing to a change in the way the tax is collected.
Employees can now earn £12,570 a year before paying National Insurance, up from £9,880 a year previously.
3. Most Lloyds Bank customers have less than £500 of savings in their accounts, its chief executive said.
Charlie Nunn said Lloyds had seen customers with persistent debt problems jump up by a third in just the first six months of this year.
2. All types of household energy bill are now heading above £3,000 a year this winter.
The rise is 7% more than the latest cost of living support package from the government, announced six weeks ago.
1. Boris Johnson is fighting for political survival after two of his top ministers attacked his leadership and resigned.
Chancellor Rishi Sunak and Health Secretary Sajid Javid quit within 10 minutes of each other, Sunak citing his approach to the economy was "fundamentally too different" to that of Boris Johnson.
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