US puts £31bn tech ‘prosperity deal’ with Britain on ice

Pledge to invest billions in UK paused, with Washington citing lack of progress on trade barriers across pond

The US has paused its promised multi-billion-pound investment into British tech over trade disagreements, marking a serious setback in US-UK relations.

The £31bn “tech prosperity deal”, hailed by Keir Starmer as “a generational stepchange in our relationship with the US” when it was announced during Donald Trump’s state visit, has been put on ice by Washington.