Energy firms ‘could cut £800m off household energy bill’ with 5% tariff cut

Britain’s householders could save more than £800m over the next 12 months on their energy bills if the big six suppliers took advantage of plunging wholesale power prices and cut their charges by as much as 5%, according to the founder of a price comparison website.

Labour should reform the railways, prospective MPs say

Labour should renationalise the rail industry if it wins the next election, a group of 31 prospective MPs has said. In a letter to the Observer, they said services should be returned to public ownership when current franchises end.