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Fresh turmoil for Co-op Group as Lord Myners quits

9 April 2014 Last updated at 22:40 BST

Former City minister Lord Myners has quit the board of the troubled Co-operative Group, amid criticism of his plans to reform the business.

He was brought into shake up the chain of bank branches, supermarkets, funeral homes and pharmacies.

The largest of the group's independent societies has opposed the changes, aimed at making the Co-op's governance more like a publicly listed company.

Chief Economics correspondent Hugh Pym looks at the "fresh turmoil" facing the Group.