Higher interest payments offset increased revenue from tax and national insurance, the UK statistics body says.

The announcement sets the stage for a potential bidding war over the US media conglomerate that owns HBO, CNN and other networks.

The chancellor acknowledged that for many people the economy was "not working as it should" and said the reforms would boost growth.

Administrators said the business had been hit by "challenging trading conditions and increased costs".

Platform outage checker Downdetector said the issues have impacted more than 1,000 different businesses.