Here are the business stories making the headlines across the country this morning.

Channel 4 to unveil deeper job cuts as ad downturn bites

Channel 4 will announce plans this week for deeper-than-expected job cuts amid a steep downturn in the broadcast advertising market.

Sky News reports that the state-owned broadcaster will say on Monday that it is cutting nearly 250 roles, a figure equating to just over 15% of its full-time workforce of more than 1,300 people.

Industry sources said this weekend that while the number of people being made redundant would be approximately 200, in line with earlier reports of the cost-cutting, close to an additional 50 roles were also being axed by chief executive Alex Mahon.

It is expected to be the biggest bloodletting in the history of Channel 4, which launched in 1982 and which came close to being privatised last year.

Lots of interest in new creative space in Aberdeen

The boss of an Aberdeen company is delighted by the response after he threw open the doors of its new west end offices to encourage young creative talent to stay in the north-east.

Design, brand and digital agency FortyTwo Studio moved from Crown Street into Mid Stocket Road last year.

With room to spare at the new site, owner and managing director Mark Kemp wanted to make it a co-working hub for the creative industries.

The Press and Journal revealed last May he was launching the facility as a creative base for young people starting out in the sector.

Car insurance: Young drivers risk fraud to save on costs

Record high costs of car insurance could tempt more young people to commit fraud, the industry has said.

Recent data showed average policy quotes for 17 to 24-year-olds stood close to £3,000.

But the Insurance Fraud Bureau (IFB) has warned against "fronting", where someone is added to a policy as a named driver when they should have one of their own, in order to save money.

Fronting is fraudulent and the IFB says it is never worth the risk.

Post Office scandal: Chairman Henry Staunton had to go as it 'wasn't working' - Badenoch

The Post Office chairman was sacked because it "just wasn't working", the business secretary says.

Kemi Badenoch told the BBC that Henry Staunton's departure was about more than just the Horizon scandal, in the wake of public outcry over the wrongful convictions of sub-postmasters.

Ms Badenoch said she removed him after concerns about Post Office governance and "the entire business model".

Labour called on the government to give more specific reasons for its decision.

Mr Staunton left the role - which he had been appointed to in December 2022 - on Saturday. The BBC has approached him for comment.

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