What is your district in Liverpool so I can make some enquiries about forum electricians in your area?
The items I have highlighted in bold are what you need to address with the electrician.
The flashing orange light is not right. Please leave that switch turned off for now. It needs an electrician to investigate.
If the hands of the Grasslin timer are not moving and keeping correct time then it is duff and requires replacement. But as you say in constant on mode that provides power to the immersion top heater controlled by the left hand switch. But you only heat the volume of water above the heater as heat rises. To keep the correct time it needs the left hand switch to be left on - is this what you have done?
Your installation is lacking a way of turning the bottom element on and off to match off peak electricity rates. An electrician will have to provide another time switch for the bottom element. See my recommendation at the end.
You are on the wrong type of tariff for electric water and space heating because you have no periods of off peak electricity. Have a chat with a neighbour who has electric water and space heating and find out what scheme of off peak tariff they use, the two most common be Economy 7 which is night time only and Economy 10 which is night time and some day time periods also. Study this link and then think about which is best for you:
What is Economy 10? A complete guide to Economy 10 meters and tariffs - https://www.uswitch.com/gas-electricity/guides/economy-10/#:~:text=How%20Is%20Economy%2010%20different,hours%2C%20usually%20in%20the%20afternoon.
The good thing about E7 and E10 is that they apply to all the flat's electricity consumption during the periods of lower rate which means one can with an eye on the clock or using timer functionality in the appliance run washer, dryer, dishwater or cooker and benefit from cheaper electricity. If your meter is not capable of dual rate then it will have to be swapped for one that is by your electricity supplier.
I want to see if your Landis and Gyr E470 electricity meter is capable of dual rate. Please would you follow what this short video tutorial shows and tell me what the display toggles between:
For Megan, who had a problem with her electric heating control
we fitted this single timer which can control both the top and bottom elements and arrives preset with the common economy rate tariffs like E7 and E10 so all the electrician has to do is select the one you have arranged with your electricity supplier. Nice and simple to use. A rocker switch to select the bottom element
Always off/timed and a button to press to increment a
boost period time duration for the top element in steps of 1/2, 1 and 2 hours which can be cancelled after selection should one wish. Two lights indicate which element is on. See:
Sangamo Powersaver Dual Flexi Timer and Boost | Sangamo (PSDF2) - https://www.tlc-direct.co.uk/Products/SGPSDF2.html