The FT analysis makes grim reading for chancellor George Osborne ahead of his 19 March budget. Photograph: Getty Images. Put away the champagne.
Coastal towns damaged by storms and flooding will be able to bid for a share of a �64m regeneration fund, ministers have said. The Coastal Communities Fund was set up to pump government money into depressed coastal areas across the UK.
The 91,000 staff of the John Lewis Partnership will receive an annual bonus worth 15% of their salaries. The bonus is the equivalent to almost 8 weeks' pay, but the bonus rate is lower than last year's 17%.
The growing popularity of Aga's electrical cookers pushed orders for its stoves up 10pc in 2013, crowning off the best year for the company since the financial crisis.
Online fashion retailer Boohoo.com has declared a market capitalisation of �560 million, ahead of its floatation on the London Stock Exchange's Alternative Investment Market on 14 March.