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for people in england, scotland and wales, average energy bills are set to fall by over £400 a year, that s over $500. the energy regulator ofgem has lowered its price cap for the typical household bill to £2,076, though the actual bill will still, of course, depend on how much energy people use. at its peak last year, the price cap reached more than twice that level, but households were shielded from the full impact of energy prices by a government price guarantee of £2,500. let s get more now from our personal finance correspondent kevin peachey. finally some good news. bills are still high but not as high as they were? ., , , still high but not as high as they were? . , , . ., , were? that this is certainly the case. were? that this is certainly the case- energy were? that this is certainly the case. energy prices were? that this is certainly the case. energy prices clearly - were? that this is certainly the case. energy prices clearly a i were? that this is c ....
there is a roughly one in four chance that the us will hit the so called x date, when the us government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling a red line for the white house. on wall street, us stocks fell as investors have been watching these talks closely for any sign of an agreement. and even if a deal is done in time, economists say that depending on the details, cuts to government spending are likely create economic headwinds that could bring down inflation a possible silver lining for the federal reserve, which has been raising interest rates to fight inflation. fed o ....
until the polls open. ukraine s most senior security official tells the bbc the country is ready to launch its long expected counteroffensive against russian forces. hello, i m nancy kacungira. the home office says a nationwide issue with uk border force e gates is creating longer waiting times at passport control at airports across the country. it s understood the problems started on friday evening. there have been reports of long queues at arrivals in several british airports. this picture, tweeted on saturday morning from london heathrow s terminal 5, gives an idea of some of the delays which have been building up. heathrow has issued a statement, saying we are aware of a nationwide issue impacting the e gates, which are operated by border force. our teams are working closely with border force to help resolve the problem as quickly as possible. the issue is being felt at all points of entry to the uk although airports with passport e gates seem to be worst affect ....
because the eurozone s largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the country s economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germany s disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of people. joining me now is christian schulz deputy chief european economist at citi bank. thank you for being with us. perhaps no great surprise for those who watch those numbers, but it is symbolically important that what was once was a powerhouse economy is now technically in recession. technically in recession. indeed. germany s - technically in recession. indeed. germany s. .. they ve technically in recession. indeed. germany s. .. they ve had - technically in recession. indeed ....
so you can go ahead, good evening. the prime minister has said he takes extremely seriously the allegations against the former conservative peer, baroness mone. he said the government was taking legal action against the company run by her husband ppe medpro. in an interview with the bbc, michelle mone admitted lying about her links to the medical clothing company and confirmed she and her family stand to benefit from the £60 million profit made during the pandemic. the couple apologised for denying their role in the deal for more than three years. and today baroness mone has hit back at rishi sunak, saying she was honest with the government over the contracts. 0ur poltical editor chris mason is in westminster this evening. it was an extraordinary interview. you can watch or listen to yourself on the iplayer or bbc sounds. it was the story of an emergency. human foibles, taxpayers money, making money, truth and lying. a pandemic strikes. suddenly, gowns and masks ....