A new law put forward Tuesday aims to find British telcos 10% of turnover all around $133,000 a day if they break a ban on using equipment made by Huawei.

The UK government said the new bill would raise security standards of the country's telco firms on remove the threat of high risk suppliers.

In July, Britain banned the use of Huawei in its five G networks from the end of 2027.

Officials feared US sanctions on chip technology when the Chinese company would not be a reliable supplier.

The new bill aims to enshrine that decision in law and managed threats from other high risk vendors in the future.

The British government also said the bills tougher security standards would help protect the UK from potential cyberattacks from countries and criminals.

In response, Huawei said it was disappointed the government was looking to exclude it from the rollout of five g.