It comes after a sell-off of UK bonds, known as gilts, earlier this month - which resulted in a spike in government borrowing costs. They had already risen since the Budget.

Society of Motor Manufacturers boss Mike Hawes (pictured)  said the industry was at a 'low ebb' amid a switch to electric ...

(Reuters) - Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, ...