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Time to throw some money at Nokia/Ericsson stock.
Sad to see UK sabotaging its own infrastructure just to boost insider trading profits for some US politicians.
If you think this is sad then you wouldn’t want to know what’s happening with energy in Europe.
It’s a very different situation - Europe has been militarily attacked by Russia, while China hadn’t attacked anyone for many decades.
Dumb decision that won't actually address security in a meaningful way.

Are there any backdoors in Huawei kit? Unlikely but possible (to be fair, just like with any other piece of hardware/software you can't audit).

But the backdoors aren't what I'd be worried about. No need for a backdoor when all the access is intentionally outsourced to the lowest bidders: https://berthub.eu/articles/posts/5g-elephant-in-the-room/, the engineering culture is non-existent and insiders aren't paid enough to care anyway, not to mention vulnerable to bribery.

When you solve the above issues, by all means, remove suspicious hardware. Until then, nobody needs to burn a backdoor when they can bribe or hack the unlimited supply of monkeys who have privileged access but not the wages, working & living conditions, skills and career prospects that would encourage them to decline such bribes or be more mindful of compromise attempts.

The article mentions 5G networks only. 4G network is also mostly Huawei. Is there anything specific with 5G security? Or would it be too expensive to replace the widespread previous generation equipment?