UK winning emissions race?

The 1-minute read to get the money news you need.

New climate targets

Boris Johnson has promised that the UK will outdo other major economies in cutting greenhouse gas emissions. The new target to cut emissions by 68% by 2030 commits the UK to going further and faster. It’s designed to nudge other countries into action ahead of Boris Johnson co-hosting a virtual climate summit of world leaders next week.

Mystery missing cash

Three quarters of all bank notes in existence, worth around £50 billion, are missing. A committee of MPs has said the Bank of England should track them down. The notes are not used in transactions or held in savings - they could be overseas, tucked under mattresses, or being used in the shadow economy.

Primark takes a bit

Autumn lockdowns have delivered a £450 million hit to Primark’s sales. The shop is still ruling out selling its clothes online - and it’s even expanding its physical retail space this year.

Fraud warning

Christmas shoppers have been warned to watch out for cyber fraud when buying online. Last year, the average loss per incident was £775. The top tip to avoid falling victim to fraud? Use a strong separate email for your password. The other 5 tips are here.