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5 Things You Need To Know, Today, on Monday 27th February 2023
5. The electric vehicles arm of Octopus Energy's parent company is seeking a £100m funding boost to accelerate its growth amid soaring production of greener cars.
Octopus Electric Vehicles (OEV) is working with bankers on plans to raise new funding from external investors during the coming months.
4. Sir Keir Starmer has set out his plans for the economy, warning that without new policies the UK risks falling behind eastern European nations.
The Labour leader will host a round table in the city of London on Monday, with prominent business guests & will flesh out more details of his "mission" for the UK to achieve the fastest sustainable growth in the G7.
3. Ofgem is expected to announce that it will drop its cap on the amount energy suppliers can charge by around £1,000 - but bills could still rise by an average of £500.
According to the latest forecast from energy consultancy Cornwall Insight, the energy regulator is expected to announce a fall in the cap to around £3,295 for a typical household from April.
2. Australian firm Recharge Industries has bought the defunct battery maker Britishvolt out of administration.
Britishvolt had plans to build a £4bn battery plant near the Port of Blyth in Northumberland but collapsed last month after running out of money.
1. Rishi Sunak and the European Commission president are due to hold "final talks" on a new post-Brexit deal for Northern Ireland on Monday, Downing Street says.
The prime minister and Ursula von der Leyen will meet in Berkshire in the afternoon to discuss "complex challenges" around the protocol.