John brands Ofgem ‘safeguard’ measures a “stitch up”

Today, energy watchdog Ofgem unveiled plans to “protect vulnerable consumers” with a “safeguard tariff”. But John Penrose, a leading proponent for an energy cap in the Conservative party, said that the plan will help fewer than three million energy customers. “Ofgem’s proposals will not end the energy rip-off for 17 million…

Read More

John Penrose ‘over the moon’ that UK sovereign wealth funds will now be a ‘central part of our long-term plan for Britain’

John Penrose, author of The Great Rebalancing: A sovereign wealth fund to make the UK’s economy the strongest in the G20 (link), has long campaigned for the establishment of a British Sovereign Wealth Fund to underpin the state pension and benefits system. Today’s Conservative Manifesto (page 20) says that this will now…

Read More

Travel Weekly: Government to lobby Brussels over domestic holidays package law

Travel Weekly report on Consumer Affairs Minister Jo Swinson, who has agreed to work with Brussels and the industry on reforming the European Directive on Package Travel following a letter from former Tourism Minister John Penrose. Consumer affairs minister Jo Swinson has agreed to work with Brussels and the industry…

Read More