Theresa May is set to present a “plan B” for leaving the EU, despite parliament’s demands that she stop running down the clock, and is today expected to tell MPs she is still working to ease Eurosceptics’ concerns about the Irish border.

It leaves the Prime Minister on a collision course with parliament after she refused to compromise to secure a Brexit deal on the eve of a deadline set by MPs for information about next steps, a week after suffering the worst parliamentary defeat by a British government.

***

Big Four accounting firm EY has named Carmine Di Sibio as its seventh global chairman and chief executive since the Big Four accounting firm was formed 30 years ago.

He replaces Mark Weinberger, who announced last month that he would retire after six years at the helm.

***

Troubled cake chain Patisserie Valerie is facing a crucial few days after a deal with its banks expired on Friday.

The UK firm said in October it had uncovered “significant, and potentially fraudulent, accounting irregularities”.

The company’s biggest shareholder, Luke Johnson, is now in talks to extend its cash lifeline from HSBC and Barclays.