Climate change, the crisis in the Middle East, the continuing war in Ukraine, combating global poverty.
All of these are critical issues for Britain and beyond; all of them up for discussions at the G20 summit in Rio de Janeiro this week, and all of them very much in limbo as the world awaits the arrival of president-elect Donald Trump to the White House.
Because while US President Joe Biden used Nato, the G7 and the G20, as forums to try to find consensus on some of the most pressing issues facing the West, his successor is likely to take a rather different approach. And that begs the question going into Rio 2024 about what can really be achieved in Mr Biden’s final act before the new show rolls into town.
On the flight over to Rio de Janeiro, our prime minister acted as a leader all too aware of it as he implored fellow leaders to “shore up support for Ukraine” even as the consensus around standing united against Vladimir Putin appears to be fracturing and the Russian president looks emboldened.
“We need to double down on shoring up our support for Ukraine and that’s top of my agenda for the G20,” he told us in the huddle on the plane. “There’s got to be full support for as long as it takes.”
But the election of Mr Trump to the White House is already shifting that narrative, with the incoming president clear he’s going to end the war. His new secretary of state previously voted against pouring more military aid into the embattled country.
Mr Trump has yet to say how he intends to end this war, but allies are already blinking. In recent days, German Chancellor Olaf Scholz has spoken with Mr Putin for the first time in two years to the dismay of the Ukrainian president Volodymyr Zelenskyy, who described the call as “opening Pandora’s Box”.
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Ukraine anger over Putin-Scholz call
Sir Keir for his part says he has “no plans’ to speak to Putin as the 1,000th day of this conflict comes into view. But as unity amongst allies in isolating Mr Putin appears to be fracturing, the Russian leader is emboldened: on Saturday night Moscow launched one of the largest air attacks on Ukraine yet.
All of this is a reminder of the massive implications, be it on trade or global conflicts, that a Trump White House will have, and the world will be watching to see how much ‘Trump proofing’ allies look to embark upon in the coming days in Rio, be that trying to strike up economic ties with countries such as China or offering more practical help for Ukraine.
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Both Sir Keir Starmer and French President Emmanuel Macron want to use this summit to persuade Mr Biden to allow Mr Zelenskyy to fire Storm Shadow missiles deep into Russian territory, having failed to win this argument with the president during their meeting at the White House in mid-September. Starmer has previously said it should be up to Ukraine how it uses weapons supplied by allies, as long as it remains within international law and for the purposes of defence.
“I am going to make shoring up support for Ukraine top of my agenda as we go into the G20,” said Sir Keir when asked about pressing for the use of such weaponry.
“I think it’s important we double down and give Ukraine the support that it needs for as long as it needs it. Obviously, I’m not going to get into discussing capabilities. You wouldn’t expect me to do that.”
But even as allies try to persuade the outgoing president on one issue where consensus is breaking down, the prospect of the newcomer is creating other waves on climate change and taxation too. Argentine President Javier Milei, a close ally of Trump, is threatening to block a joint communique set to be endorsed by G20 leaders over opposition to the taxation of the super-rich, while consensus on climate finance is also struggling to find common ground, according to the Financial Times.
Image: Russia’s President Vladimir Putin and US President Donald Trump are seen during the G20 summit in 2018. Pic: Reuters
Where the prime minister has found common ground with Mr Trump is on their respective domestic priorities: economic growth and border control.
So you will be hearing a lot from the prime minister over the next couple of days about tie-ups and talks with big economic partners – be that China, Brazil or Indonesia – as Starmer pursues his growth agenda, and tackling small boats, with the government drawing up plans for a series of “Italian-style” deals with several countries in an attempt to stop 1000s of illegal migrants from making the journey to the UK.
Italy’s Prime Minister Giorgia Meloni has struck financial deals with Tunisia and Libya to get them to do more to stop small-boat crossings, with some success and now the UK is in talks with Kurdistan, semi-autonomous region in Iraq, Turkey and Vietnam over “cooperation and security deals” which No 10 hope to sign next year.
The prime minister refused on Sunday to comment on specific deals as he stressed that tackling the small boats crisis would come from a combination of going after the smuggling gangs, trying to “stop people leaving in the first place” and returning illegal migrants where possible.
“I don’t think this is an area where we should just do one thing. We have got to do everything that we can,” he said, stressing that the government had returned 9,400 people since coming into office.
But with the British economy’s rebound from recession slowing down sharply in the third quarter of the year, and small boat crossings already at a record 32,947, the Prime Minister has a hugely difficult task.
Add the incoming Trump presidency into the mix and his challenges are likely to be greater still when it comes to crucial issues from Ukraine to climate change, and global trade. But what Trump has given him at least is greater clarity on what he needs to do to try to buck the political headwinds from the US to the continent, and win another term as a centre left incumbent.
The business secretary has told Sky News he would not bring a Chinese company into the “sensitive” steel sector again – after the government was forced to take control of British Steel.
Urgent legislation rushed through the House of Commons and House of Lords on Saturday gave ministers the power to instruct British Steel – owned by Chinese company Jingye – to keep the plant open.
The Steel Industry (Special Measures) Bill essentially allows the government to take control of British Steel “using force if necessary”, order materials for steelmaking and instruct that workers be paid. It also authorises a jail sentence of up to two years for anyone breaching this law.
Image: British Steel’s Scunthorpe plant. Pic: Reuters
Jonathan Reynolds told Sunday Morning With Trevor Phillips that he would not “personally bring a Chinese company into our steel sector” again, describing steel as a “sensitive area” in the UK.
The business secretary agreed there is now a high trust bar for Chinese companies to be involved in the UK economy.
He said: “I think steel is a very sensitive area. I don’t know… the Boris Johnson government when they did this, what exactly the situation was. But I think it’s a sensitive area.”
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Jingye stepped in with a deal to buy British Steel’s Scunthorpe plant out of insolvency in 2020, when Mr Johnson was prime minister.
But the company recently cancelled orders for supplies of raw materials needed to keep blast furnaces running at the site – the last in the UK capable of producing virgin steel.
This threw the future of the steel industry into question, and ultimately led to MPs and peers being recalled from parliamentary recess to take part in a rare Saturday sitting when negotiations with Jingye appeared to break down.
An emergency bill to save the plant became law later that day.
Public ownership currently ‘likely option’
It stops short of full nationalisation of British Steel, but Reynolds told Sky News that public ownership remains the “likely option” for the future.
He said: “Well that remains an option. And to be frank, as I said to parliament yesterday, it is perhaps at this stage the likely option.”
However, the minister said he believes there is “potential” for a commercial private sector partner.
He said: “That is my preference, but I feel we’ve got to find a bridge to that. The kind of investments required for the transition to new steel technology, whichever technology that is, it’s a lot of money, a lot of capital.”
Andrew Griffith, the shadow business secretary, said the government’s emergency bill amounts to a “botched nationalisation”.
He told Sky News the Conservatives supported the “least worst” option in the Commons on Saturday.
“There’s clearly still more work to do because the taxpayer is now picking up the bills for a business that is still owned by its Chinese owner,” the Tory frontbencher said.
“I hope the government will very quickly come back and clarify that situation.”
Anti-corruption authorities in Bangladesh have issued a warrant for the arrest of British Labour MP Tulip Siddiq.
Bangladesh’s Anti-Corruption Commission (ACC) sought the warrant over allegations Ms Siddiq received a 7,200sq ft plot of land in the country’s capital, Dhaka.
Ms Siddiq’s lawyers have told Sky News the allegations are “completely false”, adding there was “no basis at all for any charges to be made against her”.
They said there was “absolutely no truth” behind the allegations regarding the plot of land.
The MP resigned as a Treasury minister earlier this year following an investigation by the prime minister’s ethics adviser into her links to her aunt Sheikh Hasina’s regime, which was overthrown in Bangladesh last year.
Lawyers acting for Ms Siddiq wrote to the Bangladeshi Anti Corruption Commission (ACC) several weeks ago saying the allegations were “false and vexatious”.
The allegations surrounding Ms Siddiq are focused on links to her aunt Ms Hasina – who served as the prime minister of Bangladesh for 20 years.
She is accused of becoming an autocrat, with politically-motivated arrests and other abuses allegedly happening on her watch. Ms Hasina claims it is all a political witch hunt.
Image: Tulip Siddiq with Sheikh Hasina in 2009. Pic: Reuters
Ms Siddiq’s lawyer said in a statement that she “has not been contacted by the ACC or any authorities in Bangladesh”.
“The ACC has made various allegations against Ms Siddiq through the media in the last few months,” they said.
“The allegations are completely false and have been dealt with in writing by Ms Siddiq’s lawyers. The ACC has not responded to Ms Siddiq or put any allegations to her directly or through her lawyers.
“Ms Siddiq knows nothing about a hearing in Dhaka relating to her and she has no knowledge of any arrest warrant that is said to have been issued.
“To be clear, there is no basis at all for any charges to be made against her, and there is absolutely no truth in any allegation that she received a plot of land in Dhaka through illegal means.
“She has never had a plot of land in Bangladesh, and she has never influenced any allocation of plots of land to her family members or anyone else.
“No evidence has been provided by the ACC to support this or any other allegation made against Ms Siddiq, and it is clear to us that the charges are politically motivated.”
Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025.
The chairman also noted the Senate Banking Committee’s advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025, as evidence that the committee prioritizes crypto policy. In a statement to Fox News, Scott said:
“We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to American economic dominance across the globe.”
Scott’s timeline for a crypto market structure bill lines up with expectations from Kristin Smith, CEO of the crypto industry advocacy group Blockchain Association, of market structure and stablecoin legislation being passed into law by August.
Support for comprehensive crypto regulations is bipartisan
US lawmakers and officials expect clear crypto policies to be established and signed into law sometime in 2025 with bipartisan support from Congress.
Speaking at the Digital Assets Summit in New York City, on March 18, Democrat Representative Ro Khanna said he expects both the market structure and stablecoin bills to pass this year.
The Democrat lawmaker added that there are about 70-80 other representatives in the party who understand the importance of passing clear digital asset regulations in the United States.
Treasury Secretary Scott Bessent, pictured left, President Donald Trump in the center, and crypto czar David Sacks, pictured right, at the White House Crypto Summit. Source: The White House
Khanna emphasized that fellow Democrats support dollar-pegged stablecoins due to the role of dollar tokens in expanding demand for the US dollar worldwide through the internet.
Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, also spoke at the conference and predicted that stablecoin legislation would be passed into law within 60 days.
Hines highlighted that establishing US dominance in the digital asset space is a goal with widespread bipartisan support in Washington DC.