The Twitter account of Spain's royal family has published photos of King Juan Carlos I offering his letter of abdication to the country's Prime Minister, Mariano Rajoy.
Juan Carlos, who has been on the throne almost 40 years, will be replaced by his son, Crown Prince Felipe.
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Thomas Cook chief executive Harriet Green is reportedly due to receive a personal bonus of £10.5m.
Some bright conditions this evening as the rain moves away followed by a mostly dry but cloudy day tomorrow.