The energy regulator Ofgem’s quarterly cap will drop by 7% for the three months from April to £1,641 a year for the average combined gas and electricity bill in Great Britain for those paying by direct debit, from £1,758 under the current January-March cap.
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eBay announced that it is cutting about 800 jobs from its global staff. "We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce," the retailer said in a statement as reported by Bloomberg. This move will see about 6 percent of eBay's current full-time workers laid off. Bloomberg noted that eBay would continue hiring in "key areas" but did not specify what those fields are.