The government is holding out the possibility of compromise with the Labour Party to try to win support in parliament for leaving the European Union with a deal, just days before the latest Brexit date.

Meanwhile, EU leaders prepare to give prime minister Theresa May more time to deal with parliamentary impasse at home.

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Accountancy giant KPMG is planning an overhaul of its British business to create an independent audit firm, regardless of any decision by the competition regulator to force a break-up of the Big Four accounting firms.

KPMG’s audit practice has 200 partners and about 5,000 staff, who could move to a standalone entity or to a subsidiary of KPMG if the plans go ahead, according to the Times newspaper.

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GCHQ’s Dr Ian Levy has told the BBC tech group Huawei’s “shoddy” engineering practices mean its mobile network equipment could be banned from Westminster and other sensitive parts of the UK.