UK recession, retirement age sackings, and confidence in business - here's your need-to-know business news roundup.
The UK has returned to recession according to official figures.
The latest survey from the ONS suggests that the economy shrank by 0.2 per cent during the first quarter, following contraction of 0.3 per cent in the previous quarter – the first double-dip in four decades. [Guardian]
Employees can be sacked because of their age according to a landmark ruling from the Supreme Court.
The court ruled that a City law firm was within its rights to force an employee to retire at 65, despite the abolition of the default retirement age. [BBC]
The public does not trust businesses according to former BP chief executive Lord Browne.
The peer said the private sector is “out of sync” with the public, and that “confidence about British business today is low.” [Telegraph]