Woodford attacks Miliband over 'insane' price freeze plans

Opposition leader Miliband yesterday announced plans to freeze energy prices for two years from June 2015. But Woodford (pictured), who is energy giant Centrica's largest shareholder, said a price cap, if introduced, would prompt energy companies to pull investment out of the country, and put the UK at risk of the "lights going out". Invesco's head of UK equities - who has a chunk of both his £10.5bn Income and £14bn High Income funds invested in Centrica - said Labour's plans could also block the government's ability to secure investment opportunities on a broader basis. "Here we ...