Live updates

Miliband: No family security in zero hour contracts

Ed Miliband has insisted that abolishing zero hours contracts are essential if people are to have security at home.

Responding to a member of the audience during a visit to a factory in Huddersfield who had run into difficulties with paying bills because of a zero hours contract, the Labour leader was scathing and challenged the prime minister to live under such conditions.

"The reality is that I don't think it provides any sort of security for you and your family," Miliband told the audience.

Productivity fall could spark recovery concerns

A fall in UK productivity could raise concerns about the sustainability of the wider economic recovery.

Productivity fell in the final quarter of last year compared to the previous quarter according to figures from the Office for National Statistics (ONS).

Productivity fell by 0.2% in the fourth quarter of 2014 Credit: ONS

Productivity fell by 0.2% in the fourth quarter of 2014 and is slightly lower than pre-economic crisis levels in 2007, the ONS said.


Thousands of jobs at risk as B&Q to close 60 stores

One in six B&Q stores is set to close over the next two years, putting thousands of jobs at risk.

Up to 3,000 workers across the UK and Ireland could lose their jobs as a sixth of the retail giant's 360 stores is earmarked for closure amid a struggling DIY market - though B&Q says it is creating around 900 positions as another name in its business family, Screwfix.

ITV News business editor Joel Hills reports:


Rolls-Royce plans to cut over 200 jobs in Scotland

Rolls-Royce has announced plans to cut more than 200 jobs in Scotland. Credit: Anthony Devlin / PA ARCHIVE IMAGES

Rolls-Royce plants in Scotland will be losing more than 200 jobs under plans announced by the engineering giant for a worldwide cutback.

The company said 187 posts would go at its facility in Inchinnan, Renfrewshire, and another 31 jobs would be lost from its East Kilbride plant.

The cuts follow an announcement by the firm in November last year that 2,600 jobs will be cut worldwide over an 18-month period as part of restructuring of its aerospace division.

A Rolls-Royce spokeswoman said: "We have identified a requirement to reduce the headcount at our Inchinnan manufacturing facilities by approximately 90 during 2015 and 97 during 2016.

"We have also identified a requirement to reduce the headcount at our East Kilbride facility by 31 during 2015.

"It is never an easy decision to propose reductions in our workforce and we will look to meet this requirement by voluntary means wherever possible. We will also explore all mitigation including redeployment to other sites and are offering full support to employees who are impacted by the changes."

Google loses bid to prevent consumers suing it in the UK

Google has lost a Court of Appeal bid to prevent British consumers having the right to sue it in the UK.

Google has lost its Court of Appeal bid. Credit: Chris Ison/PA Wir

A group known as Safari Users Against Google's Secret Tracking want to take legal action in the English courts over the internet giant's Apple Safari internet browser.

They accuse Google of bypassing security settings in order to track their online browsing and to target them with personalised advertisements.

UK raises a further £500 million from Lloyds shares sale

The Government has raised a further £500 million from the sale of shares in Lloyds Banking Group, George Osborne has announced.

The Chancellor tweeted:

The size of the stake owned by British taxpayers in Lloyds has fallen below 22%, according to a regulatory filing.

When Lloyds was rescued in 2009 the Government took a 40% percent stake.

Load more updates