Last night Britain and the EU were said to have made good progress towards agreeing the final element of Britain’s EU exit package, raising hopes of a smooth EU summit to endorse the Brexit deal on Sunday.

Prime minister Theresa May and European Commission president Jean-Claude Juncker met yesterday and made significant headway in overcoming differences on a political declaration on future UK-EU relations.

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The UK’s fund management industry body has written to every FTSE 350 company warning that investors will vote down bosses’ pay packages if listed firms do not follow new, tougher guidelines.

The Investment Association (IA), which represents fund managers who control £7.7tn in investments, has published new rules to push large listed companies to clamp down on excessive executive pay.