than £300 a year, or 16%. just a reminder, 0fgem sets this cap every three months, it s the maximum suppliers can charge per unit and these figures represent a typical bill. if you use more, you pay more. let s speak to dr craig lowrey from cornwall insight hejoins is from norwich. given what s going on in the red sea, why are we not going to see a spike? certainly, the situation that we haveis certainly, the situation that we have is that the uk market and the european market is being relatively well supplied by liquefied natural gas from america, coming straight across the atlantic and as a consequence, what is occurring in the red sea is not currently affecting uk or european supplies. energy plays quite a big role in inflation this looks like the cost of living could really start to ease for people? what we saw when the price cap fell previously, there was the consequential drop in inflation so one can expect that would happen again and we would see energy bills feed
apple takes yet another giant bite out of its competition, making a profit of over $11 billion in the third quarter of the year. up up and away, us shares hit a record high for a fifth day in a row. we tell you what s driving the astonishing growth. welcome to world business report. i m sally bundock. also in the programme: we ll be live in china for the latest on a possible trade war with the us. let s start with the world s most valuable company. apple has published its latest set of results and they show revenue growing to $16.1 billion for the three months tojuly. that combined with a prediction that it will bring in as much as $52 billion in the next quarter saw shares rise by up to 6% in after hours trade to hit a record high. apple made a pre tax profit of $11.3 billion in the three months from april to the end ofjune, a solid rise on the previous year. this year the iphone is ten years old, but it s not been performing so well in china, where sales this quarter were f