The FT analysis makes grim reading for chancellor George Osborne ahead of his 19 March budget. Photograph: Getty Images. Put away the champagne.
Bailed-out Royal Bank of Scotland and Lloyds Banking Group have handed out bonuses worth more than �35m to their top management teams in a move that has inflamed the row over City pay.
Aga Rangemaster has posted a �700,000 profit for 2013, 47 per cent lower than the previous year, due to pension costs and factory closures.
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%.