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Labour shadow defence minister Chris Evans claimed that 6,000 jobs would have been created from the £1.6 billion contract.

Messages were being projected onto the company's headquarters in San Fransisco as hundreds of employees rejected Musk's ultimatum.

In the words of Pippa Crerar, "that's a baaaaad set of front pages for the government".

Sterling dropped more than 1.2 per cent to 1.177 US dollars and was 0.5 per cent lower at 1.14 euros in the wake of the gloomy recession forecasts.

“He is made of tough stuff", she said of the man who was nearly knocked down by a tiny scorpion.

"I've managed to get myself into a bit of a pickle"...

“You invited the whole world to come here, why can’t we film? It’s a public place,” reporter Rasmus Tantholdt said.

So much for 'people are warming to him'...

Jeremy Hunt will deliver his autumn statement tomorrow, with rumours that it will include a £1,100 handout to help struggling families.