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ITV News Poll: Are you feeling the effects of falling inflation

With news that inflation has fallen to its lowest level for 5 years, we want to know whether you think you're feeling the benefits. As our economics editor writes, falling inflation generally means good news for consumers, because prices aren't rising as fast.

But wage increases for many remain low or non-existent. So we want to know whether your weekly budget is going further.

Take our poll to tell us what you think.

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Wonga emails customers after agreeing to scrap debts

Payday lender Wonga has emailed around 330,000 customers to let them know it has written off their debts.

Wonga has written off the debts of 330,000 customers debts. Credit: Wonga

The company is set to lose around £220 million in loan repayments and another £35 million in costs as a result of writing off the interest and charges of 45,000 further customers.

The move comes after the Financial Conduct Authority found Wonga had lent money to people that could not afford to repay. The lender has since tightened its affordability checks.

The 330,000 customers having their loans written off are those with arrears of more than 30 days who would not have been allowed to borrow under the new lending criteria.

Interest and charges will be scrapped for another 45,000 customers who would also have failed to meet the new lending criteria but have borrowing that it up to 29 days in arrears.

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Number of empty shops on High Street doubles in last year

The number of shops left empty on the High Street has doubled over the last year, according to a new report.

Traditional chains are moving out but there are not enough new stores opening to fill the gap.

Clothes, video and mobile phone shops are making way for betting shops, coffee bars and discount stores, according to research by PriceWaterhouseCoopers.

ITV News Correspondent Rupert Evelyn reports:

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