The UK ranks as the 6th most-active territory in the world, but a report from Czech start-up Socialbakers has suggested a loss of over half a million users in Britain over Christmas. Facebook have moved quickly to deny the findings.

Mayor of London Boris Johnson has taken another swipe at Google over their alleged tax-avoidance, claiming that despite generating "shed-loads" of revenue in the UK, the search giant could be seen do be doing "a little bit more" to fix their "PR problem".

The annual review of overseas investors from Ernst and Young found that the UK's dependence from Wall Street investors has led to a drying up of spending, according to the Guardian newspaper.