The UK's energy partner.

Learn more at equinore.

Good morning from the newsroom of the Financial Times.

Today is Monday, July 29th. Good morning from the Newsroom of the Financial Times.

Today is Monday, July 29th, and this is your FT news briefing.

The UK Chancellor of the Exchequer is planning to announce increased funding for a no-deal Brexit.

Deutsche Bank is investigating whether confidential client data was compromised after its first round

of layoffs.

President Donald Trump replaces the U.S. National Intelligence Director and foreign manufacturing groups are being affected by China's shrinking car market.

Plus, the F.T.'s Arash Masudi explains the significance behind the takeover talks between the

London Stock Exchange and Refinitive. I'm Mark Filipino and here's the news you need to start

your day.

It looks like the British government is getting ready to put more funding aside for a possible

no-deal Brexit. A source told the F.T. that the new UK Chancellor of the Exchequer,

Saajit Javid, is preparing to announce more than 1 billion pounds and increased funding

for a no deal. That would add to the 4.2 billion already allocated under the previous

Chancellor Philip Hammond. In a column for the Sunday telegraph, Mr. Javid said, quote,

all necessary funding would be made available for no-deal planning.

He said the money would help hire an additional 500 UK Border Force officers, as well as provide

for small businesses and new infrastructure.

Even though some Tory MPs remain opposed to a no-deal exit,

the British government is working under the assumption the UK will leave the EU

...