The quarterly energy price cap will rise by 2% from 1 October 2025.
This will be a rise of around £2.93 per month for the average household.
This is a cap on energy unit price plus standing charge, not a cap on total bills.
More ⬇️
https://t.co/WkwOJICMjW
After two incredible years, I’ve decided to step down as CEO of 𝕏.
When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App.
I’m incredibly proud of the X team - the historic business turn around we have accomplished together has been nothing short of remarkable.
We started with the critical early work necessary to prioritize the safety of our users—especially children, and to restore advertiser confidence. This team has worked relentlessly from groundbreaking innovations like Community Notes, and, soon, X Money to bringing the most iconic voices and content to the platform. Now, the best is yet to come as X enters a new chapter with @xai .
X is truly a digital town square for all voices and the world’s most powerful culture signal. We couldn’t have achieved that without the support of our users, business partners, and the most innovative team in the world.
I’ll be cheering you all on as you continue to change the world.
As always, I’ll see you on 𝕏
Was great to be part of this excellent piece by Paul and the @ITVTonight team. Poll after poll shows how worried people are about their finances, but for some households there could be some better news with interest rates and energy prices expected to fall over the year.
🏡🤔With interest rates coming down, could we see a significant reduction in mortgage payments?
Paul Brand has been finding out in "Rising Bills & Pension Fears: How To Save Money" on ITV1, 8:30pm tonight
ℹ️Rising Bills & Pension Fears: How To Save Money
📅Tonight on ITV1
⏰8:30pm
🎙️ @PaulBrandITV
As expected the @bankofengland cuts interest rates by 0.25% but already 1 member wanted to hold and reading the report is clear there are big concerns about #inflation - something no household wants to hear.
The Monetary Policy Committee voted by a majority of 8-1 to reduce #BankRate to 4.75%. Find out more in our #MonetaryPolicyReport: https://t.co/lEYCgPolsz
We’ve published the latest UK labour market figures.
Headline indicators for the UK labour market for April to June 2024 show:
Employment was 74.5%
Unemployment was 4.2%
Economic inactivity was 22.2%
Read Labour market overview ➡️ https://t.co/vQQj7Ifzgi