The Serious Fraud Office (SFO) has been granted a 12-month reprieve, with the Home Office set to confirm that it will delay making a decision on whether or not the body will be merged into a new National Crime Agency (NCA) until next year.

Home Secretary Theresa May is expected to make the announcement later this afternoon (8 June), confirming that plans to separate the SFO’s prosecution division from its investigatory function have been put on ice.