5 Things You Need To Know, Today, on Monday 15th May 2023

Episode 1419,   May 15, 2023, 05:52 AM

5 Things You Need To Know, Today, on Monday 15th May 2023

5. Ferrari will continue to build cars with internal combustion engines into the late 2030s, despite efforts by governments around the world to phase out the technology.

The boss of the Italian manufacturer said it would be "arrogant" to dictate to customers what they can buy.

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4. Elon Musk has named a new chief executive of Twitter, just over six months after his controversial takeover of the social media company.

The billionaire said Linda Yaccarino, the former head of advertising at NBCUniversal, would oversee business operations at the site, which has been struggling to make money.

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3. Billionaire businessman Sir James Dyson has issued fresh criticism of the prime minister, claiming his pledge to turn the UK into a science and technology superpower is a "mere political slogan".

The founder and chief engineer of the multinational technology company Dyson also complained that he has still not met Rishi Sunak, despite being a major entrepreneur in the UK.

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2. Value added tax - better known as VAT - should be scrapped on sunscreen to make it more affordable, say several UK cancer charities.

Sunscreen is classified as a "cosmetic" product and carries a 20% tax, adding around £1.50 to the cost of a bottle.

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1. The leader of the Royal College of Nursing (RCN) has called on the health secretary to restart pay negotiations with a proposed rise in double digits.

Most health unions accepted an offer of a 5% rise for 2023-24 and a one-off backdated payment for last year, following a 4% rise for 2022-23.

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