Rishi Sunak and Joe Biden announce green funding agreement
BBC By Sam Francis
Political reporter, BBC News
UK firms could gain access to billions in US green funding under new plans announced by Rishi Sunak and Joe Biden.
The Atlantic Declaration would allow British electric car firms access to new US green tax credits and subsidies, steps up co-operation on AI and includes a data protection deal.
The deal may be subject to approval by Congress and state-by-state agreement in the US for some areas.
Mr Sunak said the deal "sets a new standard for economic cooperation".
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The agreement comes after hopes of a full-blown free trade deal were abandoned. On the plane ride over to Washington Mr Sunak said: "For a while now, that has not been a priority for either the US or UK."
UK officials insist a new targeted approach set out in the Atlantic Declaration, was a better response to the economic challenges posed by China and Russia's invasion of Ukraine.
