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Dominic Raab has insisted he “behaved professionally at all times” despite facing an official inquiry into his conduct.

The deputy prime minister is being investigated by senior lawyer Adam Tolley KC over numerous bullying allegations.

But, denying the allegations, Mr Raab told The Telegraph newspaper he is “confident” he has behaved appropriately.

“I’m confident I have behaved professionally at all times. And I will engage with the inquiry, and of course I would not want to say anything that prejudiced it,” he said.

Asked if he was any more robust than former prime minister Margaret Thatcher, he said: “I think it’s difficult to compare different eras.

“But I think standards of professionalism, whether they’re in the business sector, the voluntary sector or the public sector, should involve setting high standards and zero bullying, and those two things are perfectly reconcilable.”

In a separate interview with the BBC, Mr Raab said he would not comment on recent “anonymous reports in the media”.

More on Dominic Raab

He added that, in his experience, such reports were “mostly incorrect”.

Prime Minister Rishi Sunak has resisted calls for Mr Raab to be suspended or to step aside while he is investigated, saying he will wait until the conclusion of the inquiry first.

“The independent adviser is conducting his investigation; I can’t prejudge the outcome of that investigation. It’s right that it concludes,” the PM said earlier this week.

“But as people have seen from how I’ve acted in the past, when I’m presented with conclusive independent findings that someone in my government has not acted with the integrity or standards that I would expect of them, I won’t hesitate to take swift and decisive action.

“That’s what I’ve done in the past. But with regard to this situation, it’s right that we let the independent process continue.”

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Sunak under pressure over Raab

Dave Penman, the leader of the FDA union, which represents senior civil servants, said Mr Raab should stop giving public statements about the inquiry into bullying allegations against him.

“What we need is for this inquiry to conclude as quickly as possible and for the protagonist in it, who has been reminded about confidentiality, to stop giving comments to the public,” he told BBC Radio 4’s Today programme.

“This demonstrates ably the issue of why the prime minister should have suspended Dominic Raab because, while these allegations are hanging over him, he is still serving as a minister, there are still concerns about someone who conducts themselves potentially in that way still being in charge of civil servants.”

Read more: The five days of allegations against the deputy PM

Meanwhile, questions are also swirling about what Mr Sunak knew of the allegations after a source told Sky News the PM was told about Mr Raab’s “unacceptable behaviour” over the summer before he became prime minister and appointed the deputy PM to his cabinet role.

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‘Bullying is about abuse of power’

The source told Sky News’ political editor Beth Rigby that Mr Sunak was made aware of Mr Raab’s conduct but the PM was never “directly told” about specific issues.

Downing Street has said Number 10 officials never advised the PM against appointing Mr Raab and that he was “not aware of any formal complaints” at the time of appointing him.

No 10 has insisted it is right to wait for the investigation to be concluded before taking any action.

It has not put a timeframe on when the investigation will finish, only saying it is hoped it will be concluded “swiftly”.

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Stock markets slump for second day running after Trump announces tariffs – in worst day for indexes since COVID

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Stock markets slump for second day running after Trump announces tariffs - in worst day for indexes since COVID

Worldwide stock markets have plummeted for the second day running as the fallout from Donald Trump’s global tariffs continues.

While European and Asian markets suffered notable falls, American indexes were the worst hit, with Wall Street closing to a sea of red on Friday following Thursday’s rout – the worst day in US markets since the COVID-19 pandemic.

As it happened: Worst week’s trading in five years

All three of the US’s major indexes were down by more than 5% at market close; The Dow Jones Industrial Average plummeted 5.5%, the S&P 500 was 5.97% lower, and the Nasdaq Composite slipped 5.82%.

The Nasdaq was also 22% below its record-high set in December, which indicates a bear market.

Read more: What’s a bear market?

Ever since the US president announced the tariffs on Wednesday evening, analysts estimate that around $4.9trn (£3.8trn) has been wiped off the value of the global stock market.

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Mr Trump has remained unapologetic as the markets struggle, posting in all-caps on Truth Social before the markets closed that “only the weak will fail”.

The UK’s leading stock market, the FTSE 100, also suffered its worst daily drop in more than five years, closing 4.95% down, a level not seen since March 2020.

And the Japanese exchange Nikkei 225 dropped by 2.75% at end of trading, down 20% from its recent peak in July last year.

Pic: Reuters
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US indexes had the worst day of trading since the COVID-19 pandemic. Pic: Reuters

Trump holds trade deal talks – reports

It comes as a source told CNN that Mr Trump has been in discussions with Vietnamese, Indian and Israeli representatives to negotiate bespoke trade deals that could alleviate proposed tariffs on those countries before a deadline next week.

The source told the US broadcaster the talks were being held in advance of the reciprocal levies going into effect next week.

Vietnam faced one of the highest reciprocal tariffs announced by the US president this week, with 46% rates on imports. Israeli imports face a 17% rate, and Indian goods will be subject to 26% tariffs.

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Do Trump’s tariffs add up?

Read more:
Markets gave Trump a clear no-confidence vote
There were no winners from Trump’s tariff gameshow

China – hit with 34% tariffs on imported goods – has also announced it will issue its own levy of the same rate on US imports.

Mr Trump said China “played it wrong” and “panicked – the one thing they cannot afford to do” in another all-caps Truth Social post earlier on Friday.

Later, on Air Force One, the US president told reporters that “the beauty” of the tariffs is that they allow for negotiations, referencing talks with Chinese company ByteDance on the sale of social media app TikTok.

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Tariffs: Xi hits back at Trump

He said: “We have a situation with TikTok where China will probably say, ‘We’ll approve a deal, but will you do something on the tariffs?’

“The tariffs give us great power to negotiate. They always have.”

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Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

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Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

More on Donald Trump

He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

Read more:
There were no winners from Trump’s tariff gameshow
Trade war sparks ‘$2.2trn’ global market sell-off

These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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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.

Read more from Sky News:
Highs and lows of Five-Year Keir
MP tells Sky News she was targeted online by Tate brothers

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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