The quangos start to burn

The government has lit the touch paper to start the ‘bonfire of the quangos’ today in announcing that it will axe nearly 200 quangos, reports Katy Mughan.

Mixed news from the trade front

The ONS trade stats show the UK’s deficit on trade in goods & services shrank from £5bn in July to £4.6bn in August as, though exports fell, imports fell more.