Britain’s financial regulators are rolling back certain diversity and inclusion requirements in response to firms’ pushback, while insisting they remain committed to shielding consumers and maintaining equitable market conditions.

The US administration has introduced 50% tariffs on Canadian aluminium and steel, driving up metal prices and sparking concern among manufacturers and exporters over potential further disruption to key industrial sectors.

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.