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Skinflint bosses have failed to pay employees a total of £10 million owed to them since the introduction of the National Minimum Wage - by paying less than the legal limit.

House prices are predicted to fall by 7.4 per cent between now and June 2004, according to spread betting firm City Index. Average house prices in Greater London are expected to drop by a whacking 9.4 per cent, the bookie believes, while the South East will fare only slightly better, with a fall of 6.6 per cent.

Former defence secretary Michael Portillo will be paid £30,000 a year to be a board member of defence specialist BAE Systems, a job that takes up just one day a month of his time.

Britain's most expensive home has cost £1,700 per square foot. The house in London's Kensington was sold by TV personality Chris Evans to pop singer George Michael for £7.25 million.

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