US president Donald Trump last night promised Britain a “phenomenal” post-Brexit trade deal, dismissing differences over China’s Huawei and glossing over other disagreements as he heaped praise on UK, he described as America’s closest ally.

‘Everything will be on the table — the NHS, everything,’ said Trump.

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Sir Philip Green has won the backing of the Pension Protection Fund (PPF) for his plan to rescue retail group Arcadia ahead of a crucial vote today.

The owner of Topshop has struck a £385m deal to secure its pension schemes, including a £100m contribution from Lady Cristina Green, Sir Philip’s wife and Arcadia’s largest shareholder.

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The global economy is weakening, according to a new assessment from the World Bank, which expects growth of 2.6% for 2019 edging up to 2.7% the following year.