The Brexit deadlock has undermined efforts to boost the UK economy, Andy Haldane, chairman of the government’s Industrial Strategy Council has said.

Meanwhile, the National Institute of Economic and Social Research (NIESR) estimated that the economy was likely to have contracted in the second quarter of this year

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The UK has postponed a decision on whether tech giant Huawei could participate in building next-generation 5G mobile networks until it had a clearer picture of the impact of US measures taken against the Chinese company.

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Atlanta-based credit score agency Equifax has agreed to pay up to $700m (£561m) as part of a settlement with a US regulator following a data breach in 2017.