Engineer popped over today, did some checks and confirmed the gas valve was faulty.
Has the gas valve been replaced, hopefully?
It's been a few hours since he left and happy to confirm the pressure gauge is now stable, no longer increasing whilst the radiators are on however I've noticed the copper pipe outside which I believe is connected to the PRV has a very slight drip, is this normal? If not what would be causing the drip from the outside PRV pipe?
The PRV is designed to only leak, when the pressure exceed what the PRV is set for. If the pressure in your system, remains below 3bar, as it should, even when hot, then it should not be dripping. What sometimes happens, is it opens due to over pressure, some grit gets trapped in the valve, then it continues to drip despite the pressure reducing.