bimr
From my perspective, the thermostatic (T) shower valves were not developed because of low flow fixtures, but because the valves that controlled on pressure (P) alone would not account for the maintenance personnel changing the water heater outlet temperature after the limit stop on the valve had been set.
When there are complaints of no hot water, the maintenance personnel will be lazy and just turn up the water heater. One handle shower valves have a physical limit set screw that is supposed to be fixed during installation so the mixed hot water never exceeds the code limit. The problem is these valves are set with a certain maximum hot water temperature from the water heater. When the temperature is increased, that same limit stop now allows hotter water. So somebody turns on the water at the level they have always set it, but when they get in the shower, the water is hotter and that causes problems.
I could be wrong, but I don't know that water conservation played a part in their development.
As a specifier, I typically do not specify the (T) valves since they do not respond well (quick enough) to the pressure fluctuations in systems, i.e. the hot shower when somebody flushes a toilet. I am not familiar with the two handle (T) valves. The ones I have seen are smaller versions of the master mixing valves.
If I want to be extra cautious and the owner has no qualms of spending a bit more money, I will specify the T-P valves which will work on both temperature and pressure fluctuations.
I cannot speak to the UK requirements.