For decades the Communist party controlled the movement and careers of China’s citizens through draconian systems of household registration and personnel files, paper records that included every black mark for unorthodox or politically incorrect behaviour.
Credit card debt reached a record high last month, as Britons borrowed billions to finance new cars, holidays and big-ticket items in a spending spree not seen since before the global financial crisis.
A state-funded agency that provides loans for small businesses is to cut its interest rates.
Confidence among small businesses is at a four-year low because of concerns among companies that the economy will weaken as Britain prepares to leave the European Union.
Small businesses that claim they were mistreated by Royal Bank of Scotland’s turnaround division have abandoned plans to wait for the regulator to establish a compensation scheme and will launch a £1bn legal action against the bank this year.