Ten Things You Need to Know Today: 8 January 2022

The Week’s daily digest of the news agenda, published at 8am

1. Inflation could surge to 7%

Inflation could reach as high as 7% if ministers fail to cap an increase in energy bills due in April, according to internal government estimates. The energy regulator is reviewing the existing price cap, which is expected to rise by more than 50% on present estimates. Government projections are understood to suggest that such a rise could help push inflation a further 2% in April from its level of 5.1% in November.

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