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US puts £31bn tech ‘prosperity deal’ with Britain on ice

Pledge to invest billions in UK paused, with Washington citing lack of progress on trade barriers across pond

The US has paused its promised multi-billion-pound investment into British tech over trade disagreements, marking a serious setback in US-UK relations.

The £31bn “tech prosperity deal”, hailed by Keir Starmer as “a generational stepchange in our relationship with the US” when it was announced during Donald Trump’s state visit, has been put on ice by Washington.

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© Photograph: Kevin Lamarque/Reuters

© Photograph: Kevin Lamarque/Reuters

© Photograph: Kevin Lamarque/Reuters

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UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’

Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027.

The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA).

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© Photograph: Dimitris Aspiotis/Shutterstock

© Photograph: Dimitris Aspiotis/Shutterstock

© Photograph: Dimitris Aspiotis/Shutterstock

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Starmer to pick new US ambassador as relations with Trump tested

Exclusive: A trio of candidates have been interviewed by the PM, but he could still decide to directly appoint someone else

Keir Starmer is poised to choose a new ambassador to Washington from a shortlist of three as relations with the US are tested over Ukraine and Donald Trump’s attacks on European leaders.

The prime minister held interviews with three finalists for the role this week, the Guardian has learned, with Downing Street preparing to make an appointment before the end of the year.

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© Photograph: Leon Neal/AP

© Photograph: Leon Neal/AP

© Photograph: Leon Neal/AP

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