An ageing population, climate change and geopolitical tensions all add pressure to the public finances, a report says.

Petroineos said the closure of Grangemouth was due to it being unable to compete with more modern foreign sites.

The row erupted when Tesco proposed firing staff at some distribution centres and rehiring them on lower pay.

Chemists, pubs and banks made up half of High Street closures in the first six months of 2024, data suggests.

Sales at its department stores fell in what it calls a "challenging market", but revenues at Waitrose grew.