The leadership crisis at Barclays showed no signs of easing today after the frontrunner for the role of chairman reportedly withdrew from the race.

CHILDREN will increasingly be looked after by grandparents, aunts, uncles and siblings as the nuclear family breaks down, according to a British report published yesterday.

Telecoms giant BT said today that Michael Rake will become its next chairman when Christopher Bland steps down from the post in September.

The British Prime Minister’s senior economic adviser has quit his post to take a job with accountancy group KPMG.

A former director of the Bank of England and leading business figure warned today against Britain joining the euro, saying the single currency was “punishing” countries within the euro-zone.