UK Treasury 'plans funding cuts at GB Energy' in blow to Ed Miliband

Government considering such a move over state-owned firm set up by Labour in June's spending review, say reportsThe UK government is making plans to cut the 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. Continue reading...