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The government has said Trading Standards will be able to keep the full value of the on-the-spot fines, to reinvest into enforcement.

The council said it would reinvest the proceeds from the sales back into social housing in the borough.

Company executives did not disclose how much they spent developing the Delta One product, but said they plan to reinvest $5 billion in 2025 toward technology and facilities that support Delta One and other products worldwide.

“It’s just reached a point in time where we need to make a wise decision on where we really should reinvest funds that improve the guest experience the most. It just doesn’t make a lot of sense from a business perspective to put it back into Superman.”

"Great British Energy's first major project will be to help our vital public institutions save hundreds of millions on bills to reinvest on the frontline," he added.