If you find this podcast useful please give it a rating and review on iTunes by clicking here
5 Things You Need To Know, Today, on Friday 10th June 2022
5. YouTube is being criticised for failing to tackle a network of cyber-criminals streaming fake Elon Musk videos to scam viewers.
The criminals are hijacking YouTube accounts and using the videos to promote bogus cryptocurrency giveaways.
4. The European Central Bank (ECB) has said it intends to raise interest rates for the first time in more than 11 years next month as it tries to control soaring inflation in the eurozone.
The ECB said it would raise its key interest rates by 0.25% in July, with further increases planned for later in the year.
3. Rishi Sunak has been accused of failing to act soon enough to save £11bn of taxpayers' money that has been used to pay interest on government debt.
The National Institute of Economic and Social Research (NIESR) said the losses stemmed from the chancellor's failure to insure against interest rate rises meaning higher than necessary payments on £900bn of reserves created through the quantitative easing (QE) programme.
2. Oil refineries are making nearly five times as much money from refining petrol as they did year ago, data show.
A lack of capacity to refine petrol and diesel from crude oil has helped to push fuel prices to record levels, and increased profits for refinery owners.
1. Boris Johnson told Britons yesterday he was "on your side", vowing to build a high-growth, low-tax economy where everyone could buy their own home, in his latest attempt at a reset after surviving a major revolt against his leadership.
In a wide-ranging speech, the Conservative leader vowed to tackle the soaring cost of living and address long-standing problems such as unaffordable childcare.