Disappointed, the Central Americans decided to delay by two years a reduction in their common external tariffs.

ECONOMIST: Central America opens for business

It blames the cause of its deficit on cuts from central government, the cost of the merger and on a delay in money owed from the sale of land.

BBC: K College facing budget deficit of ?11m

It has blamed the deficit on falling student numbers, funding cuts from central government, the cost of running six sites and a delay in money owed from the sale of land.

BBC: K College possible redundancies increase 'up to 168'