Business Secretary Greg Clark has written to Melrose demanding “binding” commitments for its £8.1bn bid for the UK engineering giant GKN.

Mr Clark has sought “extensive and clear” measures over GKN’s workforce, research and development, and pension schemes.

In response, Melrose has set out a number of pledges, including not selling GKN’s aerospace division for five years.

Financial Director’s interview with Mr Clark next month will touch on these issues, raising the question of whether more should have been done sooner by the Business Secretary.