Sat. Jan 16th, 2021

UK companies endure sharpest downturn since Brexit vote – business live

Rolling news coverage of markets, economics and business as purchasing managers indices show economy in decline

11.55am GMT

Spare a thought today for customers of TSB: the bank is facing a fresh IT glitch after customers failed to receive wages, benefits, pensions and other payments into their accounts.

Related: TSB struck by new IT glitch just months after £330m meltdown

11.53am GMT

Philip Hammond – remember him? – was back on the airwaves this morning, bashing the Labour party under Jeremy Corbyn, and also the harder Brexit supporters in his old party.

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