Business

'Donald Trump is watching closely': US officials amped up pressure on the UK to ditch Huawei at a potential cost of $8.8 billion

4 days ago   |   By

A delegation of US officials was sent to the UK on Monday to convince the UK to ban Huawei equipment from its 5G infrastructure.
The US has been warning allies for over a year that it may have to restrict intelligence-sharing with countries that don't ban Huawei, as it views the Chinese tech company as a national security threat.
According to The Guardian, the delegation told British lawmakers it would be "nothing short of madness" to keep using Huawei kit, and added "Donald Trump is watching closely."
Analysts at Assembly Research estimated that freezing out Huawei could cost the UK...
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Brexit will soon have cost the UK more than all of its payments to the EU over the last 47 years put together

Brexit will soon have cost the UK more than all of its payments to the EU over the last 47 years put together

4 days ago   |   By

Getty
Brexit will soon have cost the UK more than its combined total of payments to the EU budget over the past 47 years.
Bloomberg Economics found the cost of the UK's vote to leave has already reached £130 billion.
A further £70 billion is likely to be added by the end of 2020, economist Dan Hanson found.
Business confidence and investment in the UK has dipped significantly since the 2016 vote.
Visit Business Insider's homepage for more stories .
Brexit will have cost the UK more than £200 billion in lost economic growth by the end of this year - a figure which almost eclipses the total...
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