The manufacturing sector lost "considerable momentum" in February after unexpected declines in output, new orders and employment, posing a "major setback" to the UK's hopes of avoiding a triple-dip recession.
The UK service sector saw output drop for the first time in two years during December as economic uncertainty hit demand and led to a fall in employment, heightening fears that the UK is sliding towards a triple-dip recession.
The downturn in the UK's manufacturing sector eased in November as overall production rose for the first time in five months - but the recession in the eurozone hit exports, investment and recruitment.
David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.