Buzzfeed UK’s final full-year accounts before its London-based news division was shut down show its failed attempt to cut costs against continuing losses and falling UK revenue.

The group’s accounts for 2019, which include Buzzfeed’s teams in the UK as well as Germany, Japan, Mexico and India, show turnover in the UK fell by almost a third (31%), from £6.6m to £4.6m.

Losses before tax actually fell by 17% from £8.9m in 2018 to £7.4m, but brought the total losses since 2015 for the UK group to £22.8m