
The old round pound is on the way out, slowly being replaced by the new 12-sided coin, brought in by the Royal Mint in attempt to thwart forgers. Both pound coins are currently in circulation, but soon the old pound coin will lose its status as legal tender and will be worth no more than the metal it's printed on.

A cross-party group to co-ordinate the UK parliamentary fight against a “hard Brexit” has been set up under the leadership of Tory former minister Ana Soubry and senior Labour MP Chuka Umunna.

Theresa May is to miss her regular weekly session of Prime Minister’s Questions in the House of Commons on Wednesday, in order to welcome the King and Queen of Spain to London, Downing Street has announced.

It will not be possible for Britain to enjoy all the benefits of the single market or frictionless trade with its former EU partners after Brexit, the European Commission’s chief negotiator has warned. Michel Barnier told an EU committee in Brussels that there will be “negative” consequences to Brexit, which result from the UK’s decision to vote Leave in last year’s referendum and not from any attempt by the EU to “punish” the UK.

Sir Vince Cable the likely next Lib Dem leader has said he is beginning to think Brexit may never happen, since enormous divisions in the Labour and the Tory parties and a deteriorating economy would make people think again.

Firefighters in London have brought a huge blaze at the city's Camden Market under control. The London Fire Brigade said on Twitter the fire is now under control but crews will be damping down into the morning.

German business leaders have cast doubt on ministers’ claims that the country’s manufacturers will help secure a Brexit trade deal, instead warning Theresa May it will be “extraordinarily difficult” to protect UK industry.

Delegations of the Gibraltar and United Kingdom Governments have met in Gibraltar on Friday for a full day of discussions covering a wide range of issues.

The House of Lords EU Committee will next week take evidence from representatives of eight of the British Overseas Territories as its scrutiny of the impact of Brexit continues. Among the territories taking part in the session and giving evidence to the committee will be Bermuda, British Virgin Islands, Falkland Islands, Montserrat and St Helena.

The UK should stay in the single market and customs union until a final Brexit deal is in force, according to the CBI. Carolyn Fairbairn, head of the business lobby group, said it was impossible that all the details of a new trade deal with the European Union would be in place by March 2019. That is when talks about the UK's withdrawal are due to formally finish.