5 Things You Need To Know (3/7/17)

Welcome to our daily update, where we summarise the key talking points from the last 24 hours.

1. Public sector pay cap

Downing Street has insisted that it hasn’t changed its position on the public sector pay cap, despite senior ministers like Boris Johnson calling for an end to the 1% cap on pay increases.

An increase in public sector pay in line with the private sector has been estimated at an extra £6.3 billion a year.

2. Trump offers to help Charlie Gard

President Donald Trump has reached out to the family of Charlie Gard, tweeting “If we can help little Charlie Gard as per our friends in the U.K. and the Pope, we would be delighted to do so.”

The british toddler is terminally ill, and doctors recently won a court case to end his support treatment. However, his family have held out hope that they may be able to take Charlie to the US for an experimental treatment.

3. Hinkley Point

The UK’s first nuclear plant in decades is set to come in at 10% more cost than originally expected. French supplier EDF is building the two new reactors, which will eventually provide 7% of our electricity for the next 60 years. UK regulator demands have been cited as the cause of the extra expenses.

4. UK Nurses

More UK nurses are leaving the profession than joining it, marking the first time this has happened since 2008.

However, the government has said that there are now 13,000 more nurses working in hospitals in England than in 2010.

5. Wimbledon

Wimbledon got underway today, with defending champion Andy Murray defeating Alexander Bublik 6-1, 6-4, 6-2.

Murray did have some injury concerns going into the two week tournament, and 35 year old Roger Federer is the favourite to win the title for the eight time.

Follow us on Twitter and facebook to learn more about investing. Subscribe to our YouTube channel for our latest video updates.