The Government has abandoned its plans for “zonal pricing” of electricity, opting instead to maintain a single national wholesale price, a decision highlighted as a move to ensure fairness, protect investment, and shield consumers from regional cost discrepancies. Energy Secretary Ed Miliband presented the shift as vital for delivering a “fairer,[Read More…]

Thames Water, the UK’s largest water provider, is considering a last-minute rescue bid led by former Liberal Democrat energy spokesman Lord Rupert Redesdale and private investment firm Muinín Holdings, while regulators also assess a separate £5 billion offer from the company’s bondholders. With nearly £20 billion in debt and repeated environmental breaches,[Read More…]

A new report warns that Britain’s declining high streets may require as much as £5 billion in targeted investment to recover, particularly in economically struggling towns such as Blackpool, Bradford, and Newport. The Centre for Cities think tank argues that unless deeper economic issues are addressed, including job creation and[Read More…]