Sorry guys - I will go to my grave being in no doubt whatsoever that work like that does not count as good workmanship and therefore does not comply with the Wiring Regulations.
Yep it looks horrible but the Supplier will argue that it does not form part of the consumer's installation so BS7671 does not apply!
The reality is that it is in the metering cabinet, as it is connected directly to the meter not legally accessable to the customer to perform any work on it.
In reality if a fault occured the cable, as such, would probably disintigrate without blowing the fuse i.e. in some ways the cable is the fuse.
In reality it should have been wired as a spur from the on-peak CU