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Whether or not Rishi Sunak will attend COP27 is “under review”, Downing Street has confirmed – as the PM faces mounting calls to attend the climate conference in Egypt.

Asked if the prime minister will be attending the summit, a Number 10 spokesperson said that “any attendance at COP would depend on progress on preparation for that fiscal event – and that work is ongoing”.

Last week, Downing Street said the PM would not be attending the conference in Sharm el Sheikh next month as he would be preoccupied with “other pressing domestic commitments, including preparations for the autumn budget”.

The spokesperson added: “The prime minister fully recognises the importance of the COP summit and is fully committed to addressing climate change.”

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Probed on whether this decision could change, the spokesperson continued: “I think that the prime minister set out that the public would rightly want him to focus on the domestic issues, particularly on restoring fiscal credibility and delivering on a budget that works for the British people.

“There is substantial progress being made on that and so we are keeping the position on COP under review.”

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Speaking to broadcasters on a visit to Croydon University Hospital on Friday, Mr Sunak reiterated this, insisting that he must focus on the “depressing domestic challenges” rather than head to the climate conference in Egypt.

But Labour leader Sir Keir Starmer accused Mr Sunak of displaying a “failure of leadership”.

“Britain showing up to work with world leaders is an opportunity to grasp. Not an event to shun,” he posted on social media.

Rebecca Newsom, head of politics at Greenpeace UK, accused Mr Sunak of not taking climate change “seriously enough”.

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PM defends decision not to attend COP27

While, over the weekend, the president of last year’s summit Alok Sharma suggested the PM risks undermining Britain’s position as a world leader on green issues if he shuns the conference.

“I’m pretty disappointed that the prime minister is not going. I understand that he’s got a huge in-tray of domestic issues that he has to deal with,” the government’s climate tsar told The Sunday Times.

“But I would say that going to COP27 would allow for engagement with other world leaders. And I think it does send a signal – if the prime minister was to go – about our renewed commitment on this issue.”

Mr Sharma, who lost his cabinet seat in the latest reshuffle, will also be there, along with US president Joe Biden and America’s special envoy on climate change, John Kerry.

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King Charles will not attend COP27 in Egypt, Buckingham Palace says

A spokesperson for the Scottish government last week confirmed First Minister Nicola Sturgeon is planning to attend COP27.

“Given the vital importance of governments working together to tackle climate change, it is the first minister’s intention to attend COP27,” the spokesperson said on Friday.

“Details of the ministerial programme are currently being finalised.”

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Prime Minister should be at COP

Mr Sunak’s predecessor Liz Truss had been due to attend the summit which is due to take place from 6 to 18 November.

New Chancellor Jeremy Hunt’s autumn budget – in which he will set out his government’s tax and spending plans – will be delivered on 17 November.

It has been reported that former PM Boris Johnson is planning to attend the summit to show his support for international efforts to tackle climate change.

Last week, Environment Secretary Therese Coffey defended Mr Sunak’s decision not to go to COP27, insisting that protecting the planet was “absolutely a priority for the government”.

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Environment secretary defends Sunak’s COP snub

While former business secretary Jacob Rees-Mogg said the PM was right not to go to the summit, saying: “The cost of living won’t be solved in Sharm el Sheikh where each hotel room for the conference is £2,000 a night.”

But signalling a potential U-turn earlier on Monday, environment minister Mark Spencer told Sky News that Mr Sunak would go to COP27 “if he’s got time”, adding that the prime minister has “an inbox which is full to the brim”.

Meanwhile, on Sunday it was announced that King Charles will host a reception for key COP27 figures at Buckingham Palace on Friday, despite not attending the conference himself.

Read more:
King faces tough test if he wants to keep his personal climate fight alive

The King, who has been a passionate campaigner on environmental issues, will host the event which will bring together over 200 international business leaders, decision makers and NGOs (non-governmental organisations) to mark the end of the United Kingdom’s presidency of COP26 and look ahead to the COP27 summit in Egypt.

The King has attended the UN climate conference for a number of years and delivered one of the keynote speeches at the opening ceremony for COP26 in Glasgow – but will not be going to Sharm el Sheikh.

Guests at the King’s Buckingham Palace reception will include Mr Sunak, who is expected to speak briefly at the event.

Watch the Daily Climate Show at 3.30pm Monday to Friday, and The Climate Show with Tom Heap on Saturday and Sunday at 3.30pm and 7.30pm.

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The show investigates how global warming is changing our landscape and highlights solutions to the crisis.

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Court confirms sacking of South Korean president who declared martial law

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Court confirms sacking of South Korean president who declared martial law

South Korea’s constitutional court has confirmed the dismissal of President Yoon Suk Yeol, who was impeached in December after declaring martial law.

His decision to send troops onto the streets led to the country’s worst political crisis in decades.

The court ruled to uphold the impeachment saying the conservative leader “violated his duty as commander-in-chief by mobilising troops” when he declared martial law.

The president was also said to have taken actions “beyond the powers provided in the constitution”.

Demonstrators who stayed overnight near the constitutional court wait for the start of a rally calling for the president to step down. Pic: AP
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Demonstrators stayed overnight near the constitutional court. Pic: AP

Supporters and opponents of the president gathered in their thousands in central Seoul as they awaited the ruling.

The 64-year-old shocked MPs, the public and international allies in early December when he declared martial law, meaning all existing laws regarding civilians were suspended in place of military law.

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More on South Korea

The Constitutional Court is under heavy police security guard ahead of the announcement of the impeachment trial. Pic: AP
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The court was under heavy police security guard ahead of the announcement. Pic: AP

After suddenly declaring martial law, Mr Yoon sent hundreds of soldiers and police officers to the National Assembly.

He has argued that he sought to maintain order, but some senior military and police officers sent there have told hearings and investigators that Mr Yoon ordered them to drag out politicians to prevent an assembly vote on his decree.

His presidential powers were suspended when the opposition-dominated assembly voted to impeach him on 14 December, accusing him of rebellion.

The unanimous verdict to uphold parliament’s impeachment and remove Mr Yoon from office required the support of at least six of the court’s eight justices.

South Korea must hold a national election within two months to find a new leader.

Lee Jae-myung, leader of the main liberal opposition Democratic Party, is the early favourite to become the country’s next president, according to surveys.

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

Stock markets around the world fell on Thursday after Donald Trump announced sweeping tariffs – with some economists now fearing a recession.

The US president announced tariffs for almost every country – including 10% rates on imports from the UK – on Wednesday evening, sending financial markets reeling.

While the UK’s FTSE 100 closed down 1.55% and the continent’s STOXX Europe 600 index was down 2.67% as of 5.30pm, it was American traders who were hit the most.

Trump tariffs latest: US stock markets tumble

All three of the US’s major markets opened to sharp losses on Thursday morning.

A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. Pic: AP
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The S&P 500 is set for its worst day of trading since the COVID-19 pandemic. File pic: AP

By 8.30pm UK time (3.30pm EST), The Dow Jones Industrial Average was down 3.7%, the S&P 500 opened with a drop of 4.4%, and the Nasdaq composite was down 5.6%.

Compared to their values when Donald Trump was inaugurated, the three markets were down around 5.6%, 8.7% and 14.4%, respectively, according to LSEG.

More on Donald Trump

Worst one-day losses since COVID

As Wall Street trading ended at 9pm in the UK, two indexes had suffered their worst one-day losses since the COVID-19 pandemic.

The S&P 500 fell 4.85%, the Nasdaq dropped 6%, and the Dow Jones fell 4%.

It marks Nasdaq’s biggest daily percentage drop since March 2020 at the start of COVID, and the largest drop for the Dow Jones since June 2020.

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The latest numbers on tariffs

‘Trust in President Trump’

White House press secretary Karoline Leavitt told CNN earlier in the day that Mr Trump was “doubling down on his proven economic formula from his first term”.

“To anyone on Wall Street this morning, I would say trust in President Trump,” she told the broadcaster, adding: “This is indeed a national emergency… and it’s about time we have a president who actually does something about it.”

Later, the US president told reporters as he left the White House that “I think it’s going very well,” adding: “The markets are going to boom, the stock is going to boom, the country is going to boom.”

He later said on Air Force One that the UK is “happy” with its tariff – the lowest possible levy of 10% – and added he would be open to negotiations if other countries “offer something phenomenal”.

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How is the world reacting to Trump’s tariffs?

Economist warns of ‘spiral of doom’

The turbulence in the markets from Mr Trump’s tariffs “just left everybody in shock”, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions in Boston, told Reuters.

He added that the economy could go into recession as a result, saying that “a lot of the pain, will probably most acutely be felt in the US and that certainly would weigh on broader global growth as well”.

Meanwhile, chief investment officer at St James’s Place Justin Onuekwusi said that international retaliation is likely, even as “it’s clear countries will think about how to retaliate in a politically astute way”.

He warned: “Significant retaliation could lead to a tariff ‘spiral of doom’ that could be the growth shock that drags us into recession.”

Read more:
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Tariffs about something more than economics: power

It comes as the UK government published a long list of US products that could be subject to reciprocal tariffs – including golf clubs and golf balls.

Running to more than 400 pages, the list is part of a four-week-long consultation with British businesses and suggests whiskey, jeans, livestock, and chemical components.

Meanwhile, Prime Minister Sir Keir Starmer said on Thursday that the US president had launched a “new era” for global trade and that the UK will respond with “cool and calm heads”.

It also comes as Canadian Prime Minister Mark Carney announced a 25% tariff on all American-imported vehicles that are not compliant with the US-Mexico-Canada trade deal.

He added: “The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. This is a tragedy.”

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Donald Trump announces sweeping global trade tariffs – including 10% on UK imports

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Donald Trump announces sweeping global trade tariffs - including 10% on UK imports

Donald Trump has announced a 10% trade tariff on all imports from the UK – as he unleashed sweeping tariffs across the globe.

Speaking at a White House event entitled “Make America Wealthy Again”, the president held up a chart detailing the worst offenders – which also showed the new tariffs the US would be imposing.

“This is Liberation Day,” he told a cheering audience of supporters, while hitting out at foreign “cheaters”.

Follow live: Trump tariffs latest

He claimed “trillions” of dollars from the “reciprocal” levies he was imposing on others’ trade barriers would provide relief for the US taxpayer and restore US jobs and factories.

Mr Trump said the US has been “looted, pillaged, raped, plundered” by other nations.

President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)
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Pic: AP

His first tariff announcement was a 25% duty on all car imports from midnight – 5am on Thursday, UK time.

Mr Trump confirmed the European Union would face a 20% reciprocal tariff on all other imports. China’s rate was set at 34%.

The UK’s rate of 10% was perhaps a shot across the bows over the country’s 20% VAT rate, though the president’s board suggested a 10% tariff imbalance between the two nations.

It was also confirmed that further US tariffs were planned on some individual sectors including semiconductors, pharmaceuticals and critical mineral imports.

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Trump’s tariffs explained

The ramping up of duties promises to be painful for the global economy. Tariffs on steel and aluminium are already in effect.

The UK government signalled there would be no immediate retaliation.

Business and Trade Secretary Jonathan Reynolds said: “We will always act in the best interests of UK businesses and consumers. That’s why, throughout the last few weeks, the government has been fully focused on negotiating an economic deal with the United States that strengthens our existing fair and balanced trading relationship.

“The US is our closest ally, so our approach is to remain calm and committed to doing this deal, which we hope will mitigate the impact of what has been announced today.

“We have a range of tools at our disposal and we will not hesitate to act. We will continue to engage with UK businesses including on their assessment of the impact of any further steps we take.

“Nobody wants a trade war and our intention remains to secure a deal. But nothing is off the table and the government will do everything necessary to defend the UK’s national interest.”

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Who showed up for Trump’s tariff address?

The EU has pledged to retaliate, which is a problem for Northern Ireland.

Should that scenario play out, the region faces the prospect of rising prices because all its imports are tied to EU rules under post-Brexit trading arrangements.

It means US goods shipped to Northern Ireland would be subject to the EU’s reprisals.

The impact of a trade war would be expected to be widely negative, with tit-for-tat tariffs risking job losses, a ramping up of prices and cooling of global trade.

Research for the Institute for Public Policy Research has suggested more than 25,000 direct jobs in the UK car manufacturing industry alone could be at risk from the tariffs on car exports to the US.

The Society of Motor Manufacturers and Traders (SMMT) had said the tariff costs could not be absorbed by manufacturers and may lead to a review of output.

The tariffs now on UK exports pose a big risk to growth and the so-called headroom Chancellor Rachel Reeves was forced to restore to the public finances at the spring statement, risking further spending cuts or tax rises ahead to meet her fiscal rules.

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What do Trump’s tariffs mean for the UK?
The rewards and risks for US as trade war intensifies

A member of the Office for Budget Responsibility (OBR), David Miles, told MPs on Tuesday that US tariffs at 20% or 25% maintained on the UK for five years would “knock out all the headroom the government currently has”.

But he added that a “very limited tariff war” that the UK stays out of could be “mildly positive”.

He said: “There’s a bit of trade that will get diverted to the UK, and some of the exports from China, for example, that would have gone to the US, they’ll be looking for a home for them in the rest of the world.

“And stuff would be available in the UK a bit cheaper than otherwise would have been. So there is one, not central scenario at all, which is very, very mildly potentially positive to the UK. All the other ones which involve the UK facing tariffs are negative, and they’re negative to very different extents.”

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