Sir Tony Blair ’s think tank has urged Chancellor John Healey to pivot Britain’s energy strategy away from net zero targets and focus instead on delivering cheaper supplies to consumers in the upcoming Budget .

The Tony Blair Institute for Global Change (TBI) recommended that the Government should also use its prospective 10-year plan to set out structural reforms aimed at lowering energy costs across the UK.

Energy bills in Britain remain among the highest across Europe and the G7 group of countries, largely driven by a significant reliance on natural gas, which frequently dictates overall electricity pricing.

Conflicts in both Iran and Ukraine have further inflated gas prices, creating a knock-on surge in wider energy expenses.

Publishing its latest report on the eve of the Budget, the TBI argued the Government should replace its grid-decarbonising Clean Power 2030 strategy with a new "cheaper power mission" aimed centrally at price reduction.

This shift could begin in the Budget, the think tank…