The UK government is reportedly weighing up the possibility of cutting planned funding for GB Energy, the state-owned company set up by Labour to drive renewable energy and cut household bills, in June’s spending review.
Cuts to the £8.3bn of taxpayer money promised over the five-year parliament would be another blow for Ed Miliband, the energy secretary, after he was overruled by the government when the chancellor, Rachel Reeves, backed the expansion of Heathrow’s third runway.
