IMF chief Christine Lagarde said yesterday the six-month delay of Britain’s exit from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome.

Meanwhile, Bank of England governor Mark Carney said politicians could now take some time to find a way forward on Brexit, after Theresa May agreed a delay of up to six months before leaving the EU.


Accounting regulator the Financial Reporting Council has launched an investigation into Grant Thornton’s audit of Interserve after the UK government contractor collapsed into administration last month.