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Rachel Reeves will pledge to “stand up for Britain’s national interest” as she heads to Washington DC amid hopes of a UK/US trade deal.

The chancellor will fly to the US capital for her spring meetings of the International Monetary Fund (IMF), the first of which began on Sunday.

During her three-day visit, Ms Reeves is set to hold meetings with G7, G20 and IMF counterparts about the changing global economy and is expected to make the case for open trade.

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Her visit comes after Donald Trump imposed blanket 10% tariffs on all imports into the US, including from the UK, and as talks about reaching a trade deal intensified.

The chancellor will also hold her first in-person meeting with her US counterpart, treasury secretary Scott Bessent, about striking a new trade agreement, which the UK hopes will take the sting out of Mr Trump’s tariffs.

In addition to the 10% levy on all goods imported to America from the UK, Mr Trump enacted a 25% levy on car imports.

Ms Reeves will also be hoping to encourage fellow European finance ministers to increase their defence spending and discuss the best ways to support Ukraine in its war against Russia.

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Starmer and the King pay tribute to Pope Francis

Speaking ahead of her visit, Ms Reeves said: “The world has changed, and we are in a new era of global trade. I am in no doubt that the imposition of tariffs will have a profound impact on the global economy and the economy at home.

“This changing world is unsettling for families who are worried about the cost of living and businesses concerned about what tariffs will mean for them. But our task as a government is not to be knocked off course or to take rash action which risks undermining people’s security.

“Instead, we must rise to meet the moment and I will always act to defend British interests as part of our plan for change.

“We need a world economy that provides stability and fairness for businesses wanting to invest and trade, more trade and global partnerships between nations with shared interests, and security for working people who want to get on with their lives.”

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Charlie Kirk: Powerful right-wing influencer and Trump ally shot dead at event in Utah

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Charlie Kirk: Powerful right-wing influencer and Trump ally shot dead at event in Utah

Right-wing American influencer Charlie Kirk has died after being shot, according to Donald Trump.

The US president announced that the conservative student leader and an ally of Mr Trump had died after being shot during a university event in Orem, Utah.

“The Great, and even Legendary, Charlie Kirk, is dead,” wrote the American leader on his Truth Social account.

“No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us.”

Earlier, witnesses said they heard a shot fired from a nearby building as Kirk spoke, a university spokesperson told Sky’s US partner NBC News.

Videos on social media show Kirk speaking into a microphone while sitting under a white tent with the slogans “The American Comeback” and “Prove Me Wrong”.

A single shot is heard and Mr Kirk can be seen reaching up with his right hand as blood comes out from the left side of his neck. He then falls off his chair.

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File pic: AP
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File pic: AP

A university spokesperson confirmed he had been shot in the neck. He was then taken to hospital by private security and underwent surgery.

President Trump earlier asked people to pray for the 31-year-old conservative activist.

The father-of-two is the chief executive and co-founder of Turning Point USA, a prominent organisation that engages conservative youth on school campuses.

The university earlier said a suspect was in custody but later clarified that was not the case.

Mr Kirk and Turning Point USA played a key role in driving youth support for Mr Trump in last November’s presidential election. His events at college campuses nationwide typically draw large crowds.

President Trump often spoken favourably about Mr Kirk, including multiple times on the campaign trail last year.

File pic: AP
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File pic: AP

During a rally in Washington the day before he was sworn in for a second term in January, Mr Trump told attendees: “Charlie Kirk is here. And I want to thank Charlie. Charlie is fantastic. I mean, this guy.”

A few weeks before, during a rally in Las Vegas on 22 December 2024, Mr Trump called Mr Kirk “incredible”, adding that he “is a special talent, and he’s out there fighting”.

The president, then a candidate for the White House, also appeared last October at a Turning Point USA political rally in Phoenix.

“I want to express my tremendous gratitude to Charlie Kirk. He’s really an amazing guy. Amazing guy,” Mr Trump said.

The president, on the campaign trail last June, also lauded Mr Kirk at a Turning Point Action town hall in Phoenix, saying, “I want to thank a special person, Charlie Kirk, for his tremendous leadership.”

Read more from Sky News:
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With UK state visit looming, Epstein questions come at worst moment for Lord Mandelson

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With UK state visit looming, Epstein questions come at worst moment for Lord Mandelson

The resurfacing of an affectionate greeting to paedophile Jeffrey Epstein, alleged to have come from Lord Mandelson, raises huge questions.

It couldn’t have come at a worse moment – days before Donald Trump’s state visit to the UK, in which Mandelson, the UK’s ambassador to Washington, will play a significant role.

While he focuses on crafting Anglo-American collaboration on technology, his judgment is under scrutiny on both sides of the Atlantic.

Newly released files, which had been demanded by the House of Representatives Oversight Committee on Capitol Hill, appear to contain notes he sent to Jeffrey Epstein.

Follow updates: White House denies Trump behind birthday note

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The messages inside Epstein ‘birthday book’

One reads: “…wherever he is in the world, he remains my best pal!”

“Happy birthday, Jeffrey we love you!!” it concludes.

An image, apparently written by Mandelson, referring to Epstein as a 'best pal'. Credit: U.S. House Oversight Committee
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An image, apparently written by Mandelson, referring to Epstein as a ‘best pal’. Credit: U.S. House Oversight Committee

Mandelson’s connection to the billionaire, who died by suicide in prison while awaiting trial on sex-trafficking charges, is well documented.

A 2019 JP Morgan internal report flagged a notably close relationship between the two.

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But his alleged use of the words “best pal” suggests a closer and warmer relationship than had been previously acknowledged.

Questioned about it in 2025, the UK’s ambassador to the US expressed “deep regret” over knowing Epstein but dismissed the issue as a media “obsession”.

A picture of Epstein and Mandelson together in the 'birthday book' released by the US Congress. Credit: U.S. House Oversight Committee
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A picture of Epstein and Mandelson together in the ‘birthday book’ released by the US Congress. Credit: U.S. House Oversight Committee

Peter Mandelson, once dubbed “the Prince of Darkness” within Westminster, is a veteran politician who served in cabinet under Tony Blair and Gordon Brown.

His appointment as UK Ambassador to the United States in February 2025 surprised many people.

Read more:
What is in Epstein’s ‘birthday book’?

It is unusual for someone considered a political heavyweight to find themselves in what is traditionally a diplomatic role.

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From May: Sky’s James Matthews questions Lord Mandelson over Jeffrey Epstein association

Asked about the alleged birthday greeting, the prime minister’s official spokesperson said Sir Keir Starmer had “full confidence” in the UK’s ambassador to the US.

The one thing sparing him any difficult questions from the White House is the fact that Mr Trump faces just as many himself over Epstein.

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Trump suffers legal setback in bid to fire Fed governor Lisa Cook

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Trump suffers legal setback in bid to fire Fed governor Lisa Cook

Donald Trump’s bid to fire a US central bank rate-setter has suffered a setback after a federal judge blocked the move.

The president revealed last month that he was removing Lisa Cook from her post at the Federal Reserve on alleged mortgage fraud grounds.

The move was widely seen by commentators as a bid to destroy the Fed’s independence through the appointment of a new governor who would support his bid for interest rate cuts to boost the trade war-hit US economy.

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Ms Cook, who denies wrongdoing and any cause to dismiss her, was appointed to the Fed’s board by former US president Joe Biden. The board forms part of the panel that votes on US interest rate decisions.

She secured a preliminary court ruling late on Tuesday which found that the Trump administration’s claims she committed mortgage fraud prior to taking office were likely not sufficient grounds for her removal.

The White House has claimed she inaccurately described three separate properties on mortgage applications, which could have allowed her to obtain lower interest rates and tax credits.

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Lisa Cook is the first black woman to serve as a Fed governor. File pic: AP
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Lisa Cook is the first black woman to serve as a Fed governor. File pic: AP

But US District Judge Jia Cobb said: “President Trump has not identified anything related to Cook’s conduct or job performance as a Board member that would indicate that she is harming the Board or the public interest by executing her duties unfaithfully or ineffectively.”

The ruling, which could yet be appealed, means she can continue in her role while her own lawsuit proceeds.

It could end up in the Supreme Court.

Mr Trump’s demands this year that the Fed cuts rates have so far fallen on deaf ears as the central bank voting has shown too much concern over trade war-linked inflation. Prices have risen as higher import duties have been passed on.

He has repeatedly called for Fed chair Jay Powell to resign but retracted threats to fire him.

The president may actually get his wish for a cut this month amid a deterioration in the employment market – also widely blamed on his trade war – as hiring has slumped.

The central bank, unlike the Bank of England, has a dual mandate to ensure maximum employment as well as keeping inflation in check.

Any rate cut would be unlikely to extinguish the Trump administration’s effort to influence monetary policy.

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The Fed’s ability to set interest rates without regard to politicians’ demands is critical to market confidence, let alone the central bank’s ability to keep inflation under control.

Neither the Fed or the White House commented on the ruling.

Ms Cook’s lawyer, Abbe Lowell, said: “This ruling recognises and reaffirms the importance of safeguarding the independence of the Federal Reserve from illegal political interference.”

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