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Leadership shifts and strategic adjustments dominate as PublicSquare appoints James Rinn as CFO, Lincoln National revises executive pay, and Jamie Dimon reflects on the challenges awaiting JPMorgan's next CEO. Sentiment: neutral

Typical energy bill in Great Britain to fall 7% to £1,720 a year from July

The GuardianFriday, May 23, 2025 at 7:45:18 AM
Typical energy bill in Great Britain to fall 7% to £1,720 a year from July
Great news for British households—your energy bills are about to drop. Ofgem, the energy regulator, just announced a 7% cut to the price cap, meaning the typical annual dual-fuel bill will fall to £1,720 starting in July. That’s around £129 less per year, thanks to a recent slump in European gas prices.
Editor’s Note: After years of sky-high energy costs, this drop offers some much-needed relief. While bills are still higher than pre-crisis levels, the reduction eases the squeeze on budgets, especially for families already stretched thin. It’s a sign that global energy markets are stabilizing, but experts warn prices could swing again—so enjoy the break while it lasts.
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