Markets tumbled after the US President refused to dismiss a possible downturn, with banks scrapping optimistic forecasts and major tech firms suffering a steep share price decline.

In a crucial effort to secure renewed backing, the leadership intends to offer limited concessions and fortify ties with key partners overseas, underscoring a strategic pivot that emphasises continued alignment with the PM and the West while bolstering economic and diplomatic footing.

The Fed has sought to reassure markets by highlighting a cautious stance on interest rates despite disappointing employment figures, signalling no immediate move to ease monetary policy.

Brussels reaffirms firm backing for Kyiv in the war, emphasising unity with Britain and the wider West to bolster security and cooperation.