Today Andy Silvester talks to Michael Moore, Director General at BVCA. They discuss the scale of private equity and venture capital in the UK, their importance in the UK's employment market, and how vital they are for companies looking to scale up.

And in the headlines: Sainsbury's CEO Simon Roberts has said that the supermarket plans to pump £500m into price cuts; Foxtons has poached Chestertons CEO Guy Gittins; and Oxford Metrics, the company behind the ABBA Voyage avatars, has sold off a part of its business.