A last-minute pre-Christmas discount day at Marks and Spencer has thrown the spotlight on the under-pressure store as retailers face a crucial weekend vying to capture a slice of a hoped-for shopping surge.
The cost of renting a property in England and Wales rose twice as fast as weekly earnings in the 11-months to November, as landlords cashed in on insatiable demand for homes.
The UK financial watchdog continues to draw up contingency plans for a potential collapse of the Co-operative Bank, even though the lender has completed a sweeping recapitalisation.
Average income families will take until next June to clear their Christmas debts, with the the average adult borrowing �685 over the festive period, the Trade Union Congress has claimed.
The UK economy has performed better since the recession than originally thought, according to official data published on Friday, which confirmed that the economy grew 0.8 per cent in the third quarter.