As it happened: Theresa May in Davos

Summary

May speaks about Brexit at Davos
Says UK to lead world on free trade
Audience is mainly business leaders
IMF's Lagarde warns UK of Brexit pain
UK to trigger EU exit talks by April

Live Reporting

Alex Hunt, Jackie Storer and Emma Griffiths

Chart: Pound and FTSE 100 since the EU referendumpublished at 12:03 Greenwich Mean Time 16 January 2017
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Follow live coverage of NI Assembly latestpublished at 12:01 Greenwich Mean Time 16 January 2017
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Labour: UK must be 'cautious' over US trade talkpublished at 11:57 Greenwich Mean Time 16 January 2017
More from Labour's shadow international trade secretary Barry Gardiner.
He has told the BBC the UK should treat talk of a US fast-track trade deal with caution given Washington may have different commercial priorities - in areas such as food safety, animal welfare and healthcare provision.
Quote Message
There are certainly areas, if I was a farmer or perhaps a car manufacturer, that I would want to look very carefully at any such deal before the UK were to sign it...These are areas that we have to be very careful we have proper scrutiny over."
Norman Smith: Speech alone 'not good enough' say Labourpublished at 11:57 Greenwich Mean Time 16 January 2017
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Trump interview: 'Dismay and concern' in Germanypublished at 11:57 Greenwich Mean Time 16 January 2017
Image source, EPA
BBC Berlin correspondent Jenny Hill says Donald Trump's Times interview has caused "dismay, concern but perhaps not surprise" in Germany.
The president-elect described Angela Merkel's migration policy as a "catastrophe", questioned the future of Nato and threatened German car makers with high import tariffs.
Although Mr Trump described Chancellor Angela Merkel as Europe's most important leader, he suggested the EU had become a vehicle for Germany.
German Vice-Chancellor Sigmar Gabriel responded by blaming "faulty, interventionist American policies in the Mediterranean and Middle East" for the refugee crisis which has pre-occupied Europe in the past 18 months.
Our correspondent said that while few in Germany expected the new transatlantic relationship to echo the warm and trusting alliance nurtured by Angela Merkel and Barack Obama, there was anger over Mr Trump's apparent stance on key issues which matter to Berlin. Read more
Gove under fire from an ex-colleaguepublished at 11:27 Greenwich Mean Time 16 January 2017
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Trump's 'obsolete' comment worries Natopublished at 11:24 Greenwich Mean Time 16 January 2017
Germany's foreign minister says Donald Trump is contradicting his nominee for defence secretary.
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Tim Farron 'frightened' by Trump visionpublished at 11:23 Greenwich Mean Time 16 January 2017
Image source, PA
Tim Farron, leader of the Liberal Democrats, the UK's fourth biggest political party, has dismissed Michael Gove's interview with Donald Trump as a "puff piece from an admiring fan".
He said the US president-elect's vision of his country's future relationship with Europe, which he suggested involved rowing back on commitments on climate change and international aid and a more lukewarm attitude towards collective defence and Nato, "frightened" him.
Quote Message
This president warns that helping refugees, saving people escaping the horrors of war, is a bad idea and instead we should be lifting sanctions on Putin despite him backing Assad. This is a man lacking a moral compass who is about to be inaugurated as the president."
Move to ditch strike rules in Walespublished at 11:06 Greenwich Mean Time 16 January 2017
Rules making it harder to call strikes in public services will be scrapped in Wales under Welsh Government plans.
Ministers have published a bill, external to repeal parts of the UK government's Trade Union Act, external of 2016.
Welsh Labour has pledged to ditch restrictions on industrial action in the NHS, the fire service, schools and other devolved services.
The UK government said people had "a right to expect protections from undemocratic strike action".
One key restriction in the Westminster law is to allow strikes only if they are backed by 40% of a union's members in a ballot.
Welsh ministers have denied seeking to satisfy Labour's trade union funders, saying public sector employers supported the plans. Read more
Russia 'agrees with Trump' about Natopublished at 11:02 Greenwich Mean Time 16 January 2017
BBC Monitoring
News from around the globe
Image source, AP
It is not only Downing Street that has been closely studying Donald Trump's comments in the Times.
The Kremlin has picked up on what the president-elect had to say about Nato and the risk the defence alliance, without reform, may become "obsolete".
According to BBC Monitoring, Russian news agency Interfax is reporting government spokesman Dmitry Peskov as saying.
Quote Message
Nato really is obsolete and we also agree with that. We have long been speaking about our views of this organisation, a systemic goal of which is confrontation."
Donald Trump praises 'our Nigel'published at 10:59 Greenwich Mean Time 16 January 2017
Image source, AP
Another line from Michael Gove's Times interview with Donald Trump. The president-elect called former UKIP leader Nigel Farage - the first British politician to visit him following his victory - a "great guy". He described the MEP as "our Nigel".
John Lewis book sales soar after Trump rowpublished at 10:59 Greenwich Mean Time 16 January 2017
Civil rights activist John Lewis questioned Trump's presidency - then soared to the top of Amazon's book charts.
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Watch: What to look out for in May's Brexit speechpublished at 10:49 Greenwich Mean Time 16 January 2017
BBC assistant political editor's guide
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Listen: 'Everything works against fathers'published at 10:48 Greenwich Mean Time 16 January 2017
Today Programme
BBC Radio 4
Adrienne Burgess, chief executive of the Fatherhood Institute, tells Today that current 'shared leave' arrangements for parents only benefit a minority of families and don't go far enough in helping fathers get paternity leave from work.
MPs on the Women and Equalities Select Committee are launching an inquiry as new research reveals fathers don’t feel supported in the workplace to care for their children and nearly half of working fathers would like a less stressful job so they can spend more time caring for their children.
Donald Trump is 'no Ronald Reagan'published at 10:38 Greenwich Mean Time 16 January 2017
Sky News
Image source, Reuters
Former US diplomat James Rubin says that while Michael Gove may have left his interview with Donald Trump with a smile on his face with regard to trade prospects, the US president-elect's views on Nato may have been more "troubling" for a British audience.
Mr Trump suggested the transatlantic defence alliance needed root-and-branch reform to avoid it becoming "obsolete" and that its European members needed to take more responsibility.
While Mr Trump's views on improving defence procurement were worth listening to, the Democrat politician questioned his ideological outlook and willingness to continue to use Nato as the vehicle to defend Europe's interests against Russian expansionism.
"Donald Trump is no Ronald Reagan and Theresa May is no Margaret Thatcher," he tells Sky News.
Listen again: Pienaar's Politicspublished at 10:38 Greenwich Mean Time 16 January 2017
BBC Radio 5 live
John speaks to the two front runners for the post of Unite General Secretary, Len McCluskey & Gerard Coyne. He also speaks to the man tipped to be Donald Trump's EU Ambassador, Ted Malloch. Labour's Lisa Nandy is our backbencher of the week.
Gove: Trump is 'a fan' of the Timespublished at 10:10 Greenwich Mean Time 16 January 2017
Sky News
Image source, Press Association
Michael Gove has told Sky News that he approached the interview with Mr Trump "as a writer" not as a politician.
Asked whether he was granted the interview because of his political connections, he suggests that Mr Trump "clearly is a fan" of The Times before elaborating that the president-elect wanted to share his views on "Brexit, Britain, Europe and the world" with a British audience.
What kind of relationship will Mr Trump have with Theresa May? Although they have never met, apparently he has "nothing but praise" for the prime minister and holds her in "warm personal regard".
Mrs May, he adds, is a "cool customer" and will be able to handle the relationship in a way which is in Britain's national interest.
Deadline looms for future of Northern Ireland executivepublished at 09:58 Greenwich Mean Time 16 January 2017
Image source, PA
In other news, Secretary of State for Northern Ireland James Brokenshire is set to call Assembly elections later if Sinn Féin fails to nominate a deputy first minister to replace Martin McGuinness.
He quit when DUP leader Arlene Foster refused to stand aside as first minister while a botched energy scheme was investigated.
Because they hold a joint office, the resignation automatically put the DUP leader out of her job.
Elections must be called if the positions are vacant for seven days.
The DUP is expected to re-nominate Mrs Foster as first minister shortly after 12:00 GMT, but Sinn Féin is adamant it will not put forward a replacement for Mr McGuinness, meaning neither first nor deputy first minister can resume their job at Stormont Castle.
Assuming there is no last minute breakthrough by 17:00 GMT, the onus will be on Secretary of State James Brokenshire to name a date for a fresh election either in late February or early March. Read more
What our Texas road trip taught uspublished at 09:57 Greenwich Mean Time 16 January 2017
We look back on a 2,500 mile road trip around the state of Texas in the days before Donald Trump won the US presidential election.
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Boris Johnson: Trump's views 'great to hear'published at 09:56 Greenwich Mean Time 16 January 2017
Foreign Secretary Boris Johnson has been giving his reaction to his former Vote Leave colleague Michael Gove's interview with Donald Trump.
Speaking in Brussels, where he is attending a meeting of foreign ministers, he said it had been "great to hear" the incoming US president say a trade deal between the UK and US could be expedited after the UK leaves the EU.
Quote Message
I think it's very good news that the United States of America wants to deal a good free trade deal with us and wants to do it very fast. Clearly it will have to be a deal that is very much in the interests of both sides but I have no doubt that it will be.”