Just come off a call with Microsoft support, apparently there is an issue the backend team are working on but they could not provide any timescale for a resolution. I also asked when the Azure status / service health would be updated to reflect the fact there is an issue and stop leaving users and admins in the dark, that too is apparently being looked at.
The only workaround is to use the Windows App until such time as they fix the issue with the web client.
Regards,
Martyn