British households still 'saddled with highest energy bills'
"However, even with this reduction, the price cap is still almost 50% higher than when it was first introduced in 20191."
'For over half a decade, British households have been saddled with some of the highest energy bills of any developed country in the world.
"The average UK household currently pays around 27% more for its energy than their European neighbours.
"So, while this latest move from Ofgem is a step in the right direction, many households will still be feeling the impact of high energy bills.'
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Ashton continued 'In recent months we've worked with our energy partners to bring more competition into the market with below-price cap deals, helping households save up to £4333 on their energy bills, and with 92% of customers on a standard variable rate4, switching can make a real difference to your bills.'
From 10am today (Friday 23rd May), MoneySuperMarket customers will have access to a new exclusive fixed energy deal from E.ON Next, below the new energy price cap5.
Priced at £1,573 for a 12-month fix, the E.ON Next 12m fixed v56 tariff is £147 below the current energy price cap, and is available to both new and existing E.ON customers.
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Reuters
21 minutes ago
- Reuters
Iran and Europeans hold 'frank' nuclear talks with UN sanctions looming
ISTANBUL, July 25 (Reuters) - Iran said it would continue nuclear talks with European powers after "serious, frank, and detailed" conversations on Friday, the first such face-to-face meeting since Israel and the U.S. bombed Iran last month. Before the meeting in Istanbul, Iran also pushed back on suggestions of extending the United Nations resolution that ratifies a 2015 deal, nearing expiry, that was designed to curb its nuclear programme. Delegations from the European Union and so-called E3 group of France, Britain and Germany met Iranian counterparts for about four hours at Iran's consulate for talks that the U.N. nuclear watchdog said could provide an opening to resume inspections in Iran. Iranian Deputy Foreign Minister Kazem Gharibabadi said afterward that both sides had presented specific ideas on sanctions relief and the nuclear issue. "While seriously criticising their stances regarding the recent war of aggression against our people, we explained our principled positions, including on the so-called snapback mechanism," he said. "It was agreed that consultations on this matter will continue." The European countries, along with China and Russia, are the remaining parties to the 2015 deal - from which the U.S. withdrew in 2018 - which lifted sanctions on Iran in return for restrictions on its nuclear programme. A deadline of Oct. 18 is fast approaching when the resolution governing that deal expires. At that point, all U.N. sanctions on Iran will be lifted unless the "snapback" mechanism is triggered at least 30 days before. This would automatically reimpose those sanctions, which target sectors from hydrocarbons to banking and defence. To give time for this to happen, the E3 have set a deadline of the end of August to revive diplomacy. Diplomats say they want Iran to take concrete steps to convince them to extend the deadline by up to six months. Iran would need to make commitments on key issues including eventual talks with Washington, full cooperation with the U.N.'s International Atomic Energy Agency (IAEA), and accounting for 400 kg (880 pounds) of near-weapons-grade highly enriched uranium, whose whereabouts are unknown since last month's strikes. Before the talks, an Iranian foreign ministry spokesperson had said Tehran considered talk of extending U.N. Security Council Resolution 2231 to be "meaningless and baseless". IAEA head Rafael Grossi said he was optimistic that nuclear inspection visits might be able to restart this year and that it was important to discuss the technical details now. "We need to agree on where to go, how to do it. We need to listen to Iran in terms of what they consider should be the precautions to be taken," he told reporters in Singapore. The United States held five rounds of talks with Iran prior to its airstrikes in June, which U.S. President Donald Trump said had "obliterated" a programme that Washington and its ally Israel say is aimed at acquiring a nuclear bomb. However, NBC News has cited current and former U.S. officials as saying a subsequent U.S. assessment found that while the strikes destroyed most of one of three targeted nuclear sites, the other two were not as badly damaged. Iran denies seeking a nuclear weapon and says its nuclear programme is meant solely for civilian purposes.
Rhyl Journal
22 minutes ago
- Rhyl Journal
Europeans and Iran meet in Istanbul as sanctions loom over nuclear deadlock
Representatives from the UK, France and Germany, known as the E3 nations, gathered at the Iranian consulate for the first talks since Iran's 12-day war with Israel in June, which involved US bombers striking nuclear-related facilities. The talks, which ended after four hours, centred on the possibility of reimposing sanctions on Iran, that were lifted in 2015 in exchange for Iran accepting restrictions and monitoring of its nuclear programme. The return of sanctions, known as a 'snapback' mechanism, 'remains on the table', according to a European diplomat. 'A possible delay in triggering snapback has been floated to the Iranians on the condition that there is credible diplomatic engagement by Iran, that they resume full cooperation with the IAEA (International Atomic Energy Agency), and that they address concerns about their highly-enriched uranium stockpile,' the diplomat said. European leaders have said sanctions will resume by the end of August if there is no progress on containing Iran's nuclear programme. Tehran, meanwhile, has said the US, which withdrew from the 2015 deal during President Donald Trump 's first term, needs to rebuild faith in its role in negotiations. Deputy foreign minister Kazem Gharibabadi said Iran's engagement was dependent on 'several key principles' that included 'rebuilding Iran's trust – as Iran has absolutely no trust in the United States'. In a social media post on Thursday, he also said the talks should not be used 'as a platform for hidden agendas such as military action'. He said Iran's right to enrich uranium 'in line with its legitimate needs' should be respected and sanctions removed. Iran has repeatedly threatened to leave the Nuclear Nonproliferation Treaty, which commits it to refrain from developing nuclear weapons, if sanctions return. Mr Gharibabadi described Friday's talks as 'serious, frank and detailed'. On X, he said the two sides discussed lifting sanctions and the snapback mechanism while agreeing to further talks. 'Both sides came to the meeting with specific ideas,' he said. 'It was agreed that consultations on this matter will continue.' Friday's talks were held at the deputy ministerial level, with Iran sending Mr Gharibabadi and a fellow deputy foreign minister, Majid Takht-e Ravanchi. A similar meeting was held in Istanbul in May. The UK, France and Germany were signatories to the 2015 deal, alongside the US, Russia and China. When the US withdrew in 2018, Mr Trump said the agreement was not tough enough. Under the original deal, neither Russia nor China can veto reimposed sanctions. Since the Israeli and US strikes on Iran, in which American B-52 bombers hit three nuclear sites, Iran's foreign minister Abbas Araghchi has accused the E3 of hypocrisy, saying they failed to uphold their obligations while supporting Israel's attacks. Against the backdrop of the conflict, during which Iran responded with missile attacks on Israel and a strike on a US base in Qatar, the road ahead remains uncertain. While European officials have said they want to avoid further conflict and are open to a negotiated solution, they have warned that time is running out. Tehran maintains it is open to diplomacy, though it recently suspended cooperation with the IAEA. A central concern for western powers was highlighted when the IAEA reported in May that Iran's stockpile of uranium enriched to 60% – just below weapons-grade level – had grown to more than 400kg.
Daily Mirror
23 minutes ago
- Daily Mirror
Hugo Ekitike opens up on Arne Slot conversation that convinced him to join Liverpool
Hugo Ekitike joined Liverpool in a £79m deal from Eintracht Frankfurt despite competition from a host of clubs, including Newcastle. The Frenchman has now revealed how Arne Slot convinced him to move to Anfield New Liverpool star Hugo Ekitike has revealed how a "very good discussion" with Arne Slot convinced him to move to Anfield after a huge amount of interest in his signature this summer. The Reds won the race to sign the French striker after a sensational season in the Bundesliga saw him score 22 times and turn the heads of many clubs across Europe. Newcastle were on of the interested clubs and had a bid rejected by Frankfurt, with Liverpool then swooping in shortly after. It became clear Liverpool were Ekitike's first choice as they quickly wrapped up a £79million transfer - and he has now linked up with the rest of his team-mates on their pre-season tour of Asia. With the deal rubber-stamped, Ekitike has been giving his first interview and explained how Arne Slot's persuasive tactics helped seal the move, praising the Dutchman as a "really good coach and person" "We had a very good first discussion together," he told the club's official website. "Obviously the coach is very human so we could talk not only about football [but] about everything. "I find him very interesting and I was very pleased to see what I can do with him because I think he is a really nice guy and I can still improve and progress with him. So, yeah, he is a really good coach and good person first, so that's why he made me want to come here." According to ESPN, Ekitike was won over by Slot during a video call where the former Feyenoord coach presented how the France star would fit into his tactical plans. A similar persuasion technique was used to bring Florian Wirtz to Liverpool for a British transfer record of £116.5m, with the player's father Hans-Joachim revealing how key Slot was in talks to sway him over a potential move to German club Bayern Munich. Speaking to Der Spiegel he said: "Arne Slot has impressed Florian on the pitch. He's also a very pleasant person. "Florian's best coaches have always been those who gave him plenty of freedom. And those with the greatest empathy have also reached Florian. He finds the game in England interesting because it thrives on pace and dynamism. "Arne Slot presented his playing philosophy, the team tactics in possession and pressing, and how Florian can develop his strengths in these areas. This made a decisive impression on Florian. The training conditions in Liverpool were also totally impressive."
