Select committee: Business, Innovation, Science and Trade Committee
Recommendation 2
10th Report – US Economic Prosperity Deal
Published 14 Sep 2025
Addressed to Department for Business and Trade
Business, Innovation, Science and Trade Committee UK trade with the US, India and EU All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Recommendation (the committee's words)
The UK must integrate economic engagement with the US into our broader geopolitical dialogue and minimise the risks of ad hoc, zero-sum bargaining with a far larger partner by now turning paper promises into binding bargains. The UK should de-risk future volatility in US-UK trade by developing deeper long-term industry partnerships in priority Industrial Strategy sectors and maximising alignment in our shared economic security objectives. In particular it is important the UK leverages the potential for a deeper US-UK partnership to ensure Western leadership over China in the race for technological supremacy—particularly in AI and defence tech, de- risked supply chains, and greater security for supplies of critical minerals. (Recommendation, Paragraph 27) General Terms of the Economic Prosperity Deal
From: Business, Innovation, Science and Trade Committee, 10th Report – US Economic Prosperity Deal (HC 1306), 14 September 2025
Government response
The government responded to the whole report on 28 November 2025 (deadline 14 November 2025).
Summary written by Accountability Index from the government's response. It is not the government's own words.The government's response sets out its work on the Economic Prosperity Deal (EPD) and states that discussions with the US on the full scope of the deal are continuing, without stating that it accepts or rejects the Committee's recommendations as a whole.
- On parliamentary scrutiny and a Commons debate, the government states that it "will continue to keep the House fully informed" and that any final EPD agreement "will be scrutinised by Parliament in line with established procedures". It does not set out a timetable or commit to a debate.
- On steel and aluminium, it says the UK "will remain the only country in the world to benefit from a preferential 25% rate" and commits to publishing its steel strategy "by the end of this year".
- On the Trade Remedies Authority, the government is "seeking to introduce legislation as soon as parliamentary time allows", with further details "in due course".
- On forced labour, it says it is "actively examining" existing measures and "considering" approaches including mandatory due diligence and import controls, as part of a review of responsible business conduct.