London’s FTSE 100 Index fell sharply as the US president claimed the UK is ‘out of line’, but suggested a deal is possible with Britain.

Peers voted 206 to 45, majority 161, in favour of an amendment to the Royal Albert Hall Bill addressing conflict of interest concerns.

Donald Trump is in office, and he has signed an executive order to create DOGE — the Department of Government Efficiency — with Elon Musk leading the way.