Office for National Statistics

UK industrial output fell 2.5% in August, its biggest slump since January, says the Office for National Statistics (ONS).

The UK economy shrank by less than previously forecast between April and June, according to the Office for National Statistics (ONS).

The government was forced to borrow £13bn in June, almost double the amount in the same month last year, as shrinking tax receipts continued to put pressure on public sector finances.

Private equity bids for companies have frequently been derailed at the last minute after due diligence revealed company directors had deliberately misrepresented the true size of pension fund deficits, reports the Times .