Francine Lacqua

Let's maybe start with with the news of the week.

You know, the prime minister, Starmer and others are rebuking Donald Trump and saying he's wrong.

And yet they're still trying to stop him escalating.

I mean, can you really have it both ways or is now the time to go strong against him?

I mean, you know, President Trump has gone after Keir Starmer also on the sale of an island, which he previously approved.

So how would you

characterize relationships between the two right now?

If we had a level of anxiousness in Davos right now, it would be like...

through the roof and there's a lot of opinion saying, look, are the UK and EU sleepwalking into disaster right now because they were blindsided about what to do with Greenland?

Like, what's your response to those criticisms?

What are the risks if this escalates?

Is it to the economy or does the UK and Europe worry about intelligence sharing with the US and Ukraine?

But you think the trade deal stands?

Because at the moment there's wild speculation about whether everything needs negotiating, whether President Trump goes really hard.

How do you model this?

And I want to get back to you in a second.

Governor Bailey, though, said that he worries about also President Trump's attacks on the Fed and that could create shockwaves for the UK.

Do you agree with that?

So there's no worry about central bank independence that could also impact or inspire maybe some of the opposition in the UK were they to come to power?

Chancellor, I don't know whether you're meeting with Scott Besant, the Treasury Secretary here, or if you bump into him on promenade.