Rishi Sunak will set out a five-point economic action plan to address global instability and the rising cost of living at this week’s G20 summit – where he will face Russia’s foreign minister and call out Vladimir Putin’s regime.
The prime minister is travelling to Bali for talks with leaders of the world’s biggest economies in his second test on the world stage since gaining office less than a month ago, following his swift visit to the COP27 climate talks in Egypt.
US President Joe Biden, France’s Emmanuel Macron and China’s Xi Jinping will all be present at the talks on Tuesday and Wednesday.
They are all expected to meet Russian Foreign Minister Sergei Lavrov and confront him. President Putin will likely skip the meeting despite Russia being a G20 member, in the face of condemnation of his war in Ukraine.
Mr Sunak warned this year’s meeting will not be “business as usual” as the world confronts the most significant set of economic challenges since the first G20 meeting in 2008, which took place in response to the financial crisis at the time.
The prime minister said he will “call out Putin’s regime” during the first encounter between a British prime minister and Russian government officials since the invasion began in February.
Ahead of the trip to Indonesia, Mr Sunak’s official spokesman said: “We will absolutely use every opportunity to confront Russia about their continued illegal actions.
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“We will speak with our allies in one voice on this.”
It is likely to be the most fractious G20 meeting ever as divisions between the world’s 20 major economies are so deep the traditional “family photo” of all the leaders has been called off because many leaders will not want to be pictured with anybody from Putin’s regime.
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Diplomats have raised doubts leaders will be able to issue a joint communique at the end of the summit, as usually happens.
While most would like to agree on a statement condemning Russia, that will not happen as Russia would have to agree to it.
Mr Sunak’s spokesman said whether there is a communique or not will make no difference to the UK’s position, adding; “We will ensure the UK’s position is heard loud and clear throughout the summit and we are confident that we will be speaking in line with a wide range of allies.”
Image: Rishi Sunak laid a wreath at the Cenotaph for Remembrance Sunday, with former PMs and Sir Keir Starmer present
Mr Sunak will lay out a five-point economic plan calling for:
• His fellow leaders to direct government support to where it is most needed – in their own countries and internationally
• The end to the weaponisation of food production and distribution, including calling for the Black Sea Grain Initiative to be renewed on 19 November and a G20-wide commitment to never use food as a weapon
• Each country’s energy security to be strengthened and to reduce energy dependence on Russia by working with partners to unlock investment needed to accelerate to green energy
• The opening up of global trade, including advancing bilateral free trade agreements and reform of the World Trade Organisation to “release the opportunities of the 21st Century while tackling the manipulation of global markets by malign actors”
• Honest, reliable finance to help developing countries grow sustainably by ensuring the international financial system can help those countries grow without becoming dependent on lenders.
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2:55
Chancellor: ‘We’ll be asking everyone for sacrifices’
Mr Sunak will meet Mr Biden for the first time, with the pair due to hold bilateral talks, but the US president’s priority is likely to be talking to President Xi to establish “red lines” as US-Chinese relations remain fraught.
The PM is also set to have one-on-one meetings with India’s PM Narendra Modi, Japan’s premier Fumio Kishida, new Australian Prime Minister Anthony Albanese and Saudi Arabia’s Crown Prince Mohammed bin Salman.
After a rocky few months in UK politics, with three PMs in two months, Mr Sunak will be keen to use the summit to restore Britain’s reputation for reliability and stability.
The summit will also be an opportunity to influence an international agenda ahead of the chancellor’s autumn statement this Thursday, Mr Sunak’s spokesman said.
The PM said: “Later this week the autumn statement will set out how we will get this country on the right path, put public finances on a stable footing and get debt falling.
“Creating a stable international system that protects the most vulnerable will be a core part of that work.
“But addressing the biggest economic crisis in a decade will require a concerted effort by the world’s largest economies – these are not problems we can solve alone.
“At the G20, leaders need to step up to fix the weaknesses in the international economic system which Putin has exploited for years.”
The Rohingya refugees didn’t escape danger though.
Right now, violence is at its worst levels in the camps since 2017 and Rohingya people face a particularly cruel new threat – they’re being forced back to fight for the same Myanmar military accused of trying to wipe out their people.
Image: A child at the refugee camp in Cox’s Bazar
Militant groups are recruiting Rohingya men in the camps, some at gunpoint, and taking them back to Myanmar to fight for a force that’s losing ground.
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Jaker is just 19.
We’ve changed his name to protect his identity.
He says he was abducted at gunpoint last year by a group of nine men in Cox’s.
They tied his hands with rope he says and took him to the border where he was taken by boat with three other men to fight for the Myanmar military.
“It was heartbreaking,” he told me. “They targeted poor children. The children of wealthy families only avoided it by paying money.”
And he says the impact has been deadly.
“Many of our Rohingya boys, who were taken by force from the camps, were killed in battle.”
Image: Jaker speaks to Sky’s Cordelia Lynch
Image: An aerial view of the refugee camp in Cox’s Bazar
The situation in Cox’s is desperate.
People are disillusioned by poverty, violence and the plight of their own people and the civil war they ran from is getting worse.
In Rakhine, just across the border, there’s been a big shift in dynamics.
The Arakan Army (AA), an ethnic armed group has all but taken control of the state from the ruling military junta.
Both the military and the AA are accused of committing atrocities against Rohingya Muslims.
And whilst some Rohingya claim they’re being forced into the fray – dragged back to Myanmar from Bangladesh, others are willing to go.
US President Donald Trump has told Gazans to hand over Israeli hostages or “you are dead”.
The threat, made over social media, came hours after the White House confirmed that US officials had broken with tradition to hold direct talks with Hamas.
The US has previously avoided direct contact with the group owing to Washington’s longstanding position not to negotiate with terrorists – with Hamas having been designated as a terrorist group in the US since 1997.
In a press conference on Wednesday, White House press secretary Ms Keavitt said there had been “ongoing talks and discussions” between the US officials and Hamas.
Image: File pic: AP
But she would not be drawn on the substance of the talks – taking place in Doha, Qatar – between US officials and Hamas, but said Israel had been consulted.
Ms Leavitt continued: “Dialogue and talking to people around the world to do what’s in the best interest of the American people, is something that the president has proven is what he believes is a good faith, effort to do what’s right for the American people.”
There are “American lives at stake,” she added.
Adam Boehler, Mr Trump’s pick to be special envoy for hostage affairs, participated in the direct talks with Hamas.
A spokesperson for Benjamin Netanyahu’s office said Israel had “expressed to the United States its position regarding direct talks with Hamas”.
Hours later, Mr Trump warned Hamas to hand over Israeli hostages or “it’s over for you” – adding: “This is your last warning”.
Image: Hamas militants on the day of a hostage handover in Gaza in February. Pic: Reuters
On his Truth Social platform, Mr Trump wrote: “Release all of the hostages now, not later, and immediately return all of the dead bodies of the people you murdered or it is over for you.
“Only sick and twisted people keep bodies and you are sick and twisted. I am sending Israel everything it needs to finish the job, not a single Hamas member will be safe if you don’t do as I say.”
Mr Trump met with freed Israeli hostages on Wednesday, something he referenced in his social media post, before adding: “This is your last warning. For the leadership of Hamas, now is the time to leave Gaza, while you still have a chance.
“Also, to the people of Gaza, a beautiful future awaits, but not if you hold hostages. If you do, you are dead. Make a smart decision. Release the hostages now, or there will be hell to pay later.”
Israel estimates about 24 living hostages, including American citizen Edan Alexander, and the bodies of at least 35 others, are still believed to be in Gaza.
Image: Donald Trump with Benjamin Netanyahu in February. Pic: Reuters
The US has a long-held policy of not negotiating with terrorists – which it is breaking with these talks as Hamas has been designated a foreign terrorist organisation by the US government’s National Counterterrorism Center since 1997.
The discussions come as a fragile Israel-Hamas ceasefire continues to hold, but its future is uncertain.
Image: Palestinians amid the rubble in the southern Gaza strip. Pic: Reuters
Mr Trump has signalled he has no intention of pushing the Israeli prime minister away from a return to combat if Hamas does not agree to terms of a new ceasefire proposal – which, Israel says, has been drafted by US Middle East envoy Steve Witkoff.
The new plan would require Hamas to release half its remaining hostages – the group’s main bargaining chip – in exchange for a ceasefire extension and a promise to negotiate a lasting truce.
Donald Trump has admitted his tariffs on major trading partners will cause “a little disturbance” – as China said it was “ready” for “any type of war” with the US.
The US president made his comments in an address to Congress, hours after the levies on imports came into effect.
Producers in Mexico and Canada have been hit with a 25% tax on items they export to the US, while a 20% tariff has been applied to Chinese imports.
Image: Donald Trump and Chinese President Xi Jinping. The US president has admitted his tariffs will cause ‘a little disturbance’ – as China responds. Pic: Reuters/AP
Stock markets, which Mr Trump is said to pay close attention to, slid on the tariffs news.
Exporters in the affected countries as well as businesses in the US and economists have raised concerns about the potential price-raising impact of the tariffs.
Making imports more expensive will likely make goods more expensive and could push prices up across the board.
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6:35
Trump’s Congress speech unwrapped
Concern over threat to interest rates
A cycle of high inflation could lead to interest rates being higher for longer in the US, the world’s largest economy, which could dampen economic activity.
A slowed US economy would have global consequences but even without a hit to the States, there are fears of a global trade war – in which countries add their own trade barriers in the form of tariffs.
The Chinese embassy in the US posted on X: “If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.”
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Speaking to Sky News presenter Yalda Hakim the US former deputy national security advisor Matt Pottinger said Chinese president Xi Jinping was turning the Chinese economy “into a wartime economy”
“He’s preparing his economy for war so that it can withstand the shocks of war,” he said on The World with Richard Engel and Yalda Hakim podcast
“That means he’s willing to undergo massive inefficiencies in the economy. He’s willing to stockpile food that otherwise would flow easily and more cheaply in from foreign vessels.”
“He’s stockpiling copper and all kinds of inputs into the economy. He is making sure that the private sector is wholly aligned with his broad goals, which are about increasing the Chinese Communist Party’s control over the economy and creating a bigger, better defence industrial base,” Mr Pottinger said.
“He’s preparing for war.”
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Canada’s prime minister Justin Trudeau said his country was launching its own WTO challenge and described the US tariffs as a “dumb thing to do”.
He also warned the move by the Trump administration would impact American workplaces and add to inflation in the US.
Addressing the American public, he said: “We don’t want this… but your government has chosen to do this to you.”
Canada has announced the imposition of 25% tariffs on US imports worth C$30bn (£16.3bn).
But US commerce secretary Howard Lutnick struck a different note on tariffs and on Monday said the president will “probably” announce a compromise with Canada and Mexico as early as Wednesday.