Woodford attacks Miliband over 'insane' price freeze plans

Invesco Perpetual's Neil Woodford has reportedly accused Labour leader Ed Miliband of "economic vandalism" over his plans for a price cap on energy bills.

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 would prompt energy companies to pull investment out of the country and put the UK at risk of the "lights going out", according to reports. 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. "Her...