The UK and US have agreed a trade deal – as Sir Keir Starmer and Donald Trump confirmed the announcement during a phone call broadcast live.

The prime minister was speaking to the US president following hours of speculation as to what would be in the agreement reached with the White House.

Sir Keir said “this is a really fantastic, historic day”, while Mr Trump said the agreement would be a “great deal for both countries”.

The president said the deal will make both the UK and the US “much bigger in terms of trade”.

Sir Keir has made a trade deal with the US a key goal of his premiership, with the government wanting to avoid punitive tariffs that will hamper its ambition to grow the economy.

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