{"id":132999,"date":"2023-06-06T22:10:50","date_gmt":"2023-06-06T22:10:50","guid":{"rendered":"https:\/\/fin2me.com\/?p=132999"},"modified":"2023-06-06T22:10:50","modified_gmt":"2023-06-06T22:10:50","slug":"rishi-sunak-urges-stronger-economic-ties-with-us","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/rishi-sunak-urges-stronger-economic-ties-with-us\/","title":{"rendered":"Rishi Sunak urges stronger economic ties with US"},"content":{"rendered":"
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Rishi Sunak will tell Joe Biden Britain and the United States need stronger economic ties to face down the threat from Russia and China.<\/p>\n
In his first White House visit as Prime Minister, he will say trade is as important as defence in protecting the West from hostile states.<\/span><\/p>\n Mr Sunak and the US president are expected to agree on plans to protect key industries following the crisis caused by the global energy spike following Russia\u2019s invasion of Ukraine.<\/span><\/p>\n Ahead of the visit, the PM said: \u201cThe UK and US have always worked in lockstep to protect our people and uphold our way of life. As the challenges and threats we face change, we need to build an alliance that also protects our economies.”<\/span><\/p>\n READ MORE: <\/span>Heat pump scheme a ‘plague on UK’ as Rishi warned of missing key target<\/p>\n \u201cJust as interoperability between our militaries has given us a battlefield advantage over our adversaries, greater economic interoperability will give us a crucial edge in the decades ahead.”<\/p>\n \u201cBy combining our vast economic resources and expertise, we will grow our economies, create jobs and keep our people safe long into the future.\u201d<\/p>\n Mr Sunak announced \u00a314 billion in new investments by US companies that will create thousands of UK jobs and enhance an investment relationship now worth more than \u00a31 trillion.<\/p>\n Projects include a green hydrogen facility in Hull, a new Mars facility in the London Gateway Freeport and projects in Manchester and Birmingham.<\/p>\n Mr Sunak is meeting members of Congress and business leaders during the visit, which will be the fourth time he has met the US President in as many months.<\/p>\n He will also use the visit to outline his vision for Britain to lead the world in tackling the threats posed by artificial intelligence.<\/p>\n Mr Sunak wants London to become home to an international watchdog guarding against the dangers of the rapidly developing technology amid warnings it poses a potentially apocalyptic threat to the human race.<\/p>\n The Prime Minister\u2019s spokesman said the two leaders will be \u201ckeenly focused\u201d on applying their shared values to the \u201cbiggest challenges\u201d faced by the two nations and the rest of the world.<\/p>\n They will discuss how to maintain high levels of support for Ukraine, including ensuring the war torn nation has military capabilities it needs as Putin continues his onslaught.<\/p>\n We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n The spokesman added: \u201cRight now, our economies are going through the biggest transformation since the industrial revolution. From new technologies emerging every day, to the risks posed to our critical supply chains from everything from hostile states to natural disasters.”<\/p>\n \u201cAnd as the challenges we face change, our alliance has to evolve with them.”<\/p>\n \u201cJust as we have worked together for generations to protect our traditional security, the UK and US need to focus our efforts and expertise on our economic security \u2013 elevating our economic alliance to the same status as our defence cooperation.”<\/p>\n \u201cThat includes everything from protecting our supply chains and insulating our economies against manipulation from hostile states, to increasing our mutual investment in green technology, to governing the development and use of AI.\u201d<\/p>\n