Bank of England Governor BAILEY said he does not think the UK banking system needs more capital.

At the White House Oval Office, Trump promoted the "Trump account" as a vehicle for children to accumulate wealth and highlighted Michael and Susan Dell’s pledge of more than $6 billion to fund the accounts. He also urged attendees to buy Dell computers (DELL.N) while publicly praising the Dells’ contribution.

UK business and trade secretary Peter Kyle said Labour’s industrial strategy will be maintained through the imminent leadership transition. Andy Burnham, the most likely successor to Starmer, has committed to support the policy and has already benefited from the decade-long industrial growth plan in Greater Manchester. Kyle said businesses can be confident the strategy’s basic framework will not change, but added he has held private discussions with Burnham and would not speak for him; Burnham should set out his own position.