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On Monday, the Co-op Group said a restructuring of its rescue deal for Co-op Bank, which will provide it with extra capital, meant it would end up holding just a 30% stake in the bank. Under its original plan it would have held a 70% stake.
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To be sure, the current morass in Washington may, ironically, cause the Fed to close ranks behind continued QE. I have little doubt the Fed will respond forcefully to a default and to the financial market dislocation that would ensue.
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The Cabinet minister's comments came as an in-depth report into England's children homes revealed councils spent an average of £4,000 a week to place a child in accommodation, with many sent far away from their local area - a practice Mr Gove said was "indefensible".
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Tesco is undergoing a 1 billion pound recovery plan for its UK market, which contributes over two-thirds of group revenue - though the retailer's share of the market is still showing a year-on-year decline, monthly industry data showed recently.