The MoD's financial black hole was such a threat that we had to get on with reducing our civilian headcount. We had to make tough decisions to get our finances back into balance and this included a plan to reduce the Civil Service by 32,000 by 2020 to ensure we can deliver more resources to the front line. We are now transforming Defence to create a smaller, more efficient, professional Ministry of Defence that is back in balance.
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An independent investigation has begun into finances at taxpayer-funded Broadmoor Hospital.
While the economy has shown signs of improving, the number of UK companies issuing profit warnings has hit a six-year high, research shows.
The Child Support Agency has collected £1.2 billion in maintenance over the past year, with £330 million coming direct from pay packets.