Facebook’s Libra crypto currency has dropped from 28 backers to 27, as PayPal announce the company will no longer be backing the project.

PayPal is not the only company believed to be having second thoughts about Facebook's cryptocurrency plans, Mastercard and Visa are also thought to be reconsidering their position.

Ian Guider discussed this story in The Last Word's daily business round-up.

The day's other business stories include:

• Consumer confidence slumps ahead of Budget 2020
• Unilever wants to get rid of plastics from its products
• Germany’s economy is heading for recession
• A court has ruled in favour of restaurateur Ronan Ryan to hold on to the home he shares with his wife, Pamela Flood

Listen to the interview in full by pressing the play button on this page.

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