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Greece will not be able to make a debt repayment to the IMF due in early June as it does not have the money, the interior minister says.
Business Secretary Sajid Javid says he hopes to save firms more than £10bn by cutting red tape - but rejects a fresh move to make it easier to sack employees.
The apprenticeship system in Britain is "failing" and needs reform to address youth unemployment, a new report commissioned by the Local Government Association says.
The Bank of England confirms it is researching the financial risks of the UK leaving the EU after it "inadvertently" sent details of the project to the Guardian newspaper.
Government ministers will face a further five years of frozen pay, Prime Minister David Cameron says.