Guy Taylor

Whitehall sources have told City AM the deal has now been cleared by the Investment and Security Unit (ISU) in No 10.

Coventry-headquartered Severn Trent was fined more than £2m for polluting the River Trent near Stoke in February.

MTR will be succeeded by GTS Rail Operations Limited, a joint venture between the Go Ahead Group, Tokyo Metro and Sumitomo Corporation.

The new scheme would provide billions of pounds to help owners cut delays, bring down costs and attract international investment, Ofgem said.

Maersk said the London Gateway hub, which carries more than a quarter of the UK's deep sea shipping cargo, was the "most optimal port".

The cuts will take place by the end of 2027 and make up around 14 per cent of the firm's workforce in Europe, which totals 28,000.

Average package holiday prices grew six per cent to £904, with inflation leading to higher costs for consumers, Jet2 said.

Ofwat said it would use new powers to prevent customers paying for £6.8m in payouts across the industry, 73 per cent of the total.

The Confederation of Passenger Transport has warned that 71% of coach firms say they will be affected by the changes

While there are a handful of national players, around eight in ten small and medium-sized coach operators in Britain are family-owned.