UK government provides up to £4.5bn for Bulb takeover – as it happened

Rolling, live coverage as Octopus prepares to take on Bulb customers following collapse and lengthy administration

The value of the pound has slipped back on Wednesday morning after UK government finances data showed borrowing that was higher than economists had expected.

It is not a huge move, but the pound is trading at about $1.2130 against the US dollar, down 0.4% today. You can see how it moved down this morning.