businesses

Other sectors – including schools – have issued bleak warnings about their future too.

Around 1,800 jobs are being axed at insurance giant Aviva over the next three years as part of an overhaul to save £300 million a year. The group said savings will also be made across central costs, contractor and consultant spend, reduction in project spend and in other areas. It comes as part of a revamp of the group by new chief executive Maurice Tulloch, who took on the top job in March.