British car production fell by 15.5% in May, the 12th month in a row of declines due to model changes and falling demand at home and abroad, industry body the Society of Motor Manufacturers and Traders (SMMT) will say today.

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Mark Carney has indicated that the Bank of England could have to cut interest rates should Britain crash out of the EU without a deal as he said the mounting risks of such a scenario were slowing down growth.

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Meg Whitman, the former chief executive of Hewlett-Packard, was “out of her depth”, Mike Lynch, the founder of software firm Autonomy, said in a $5bn civil trial brought by Hewlett Packard Enterprise against him and his former associate Sushovan Hussain.

They are accused by HPE of masterminding fraudulent accounting at Autonomy, which Hewlett-Packard bought for $11bn in 2012, only to write off $8.8bn of its value a few months later.