Rishi Sunak and Joe Biden announce new economic partnership called "Atlantic Declaration"
It's not the same as a free trade deal, but is designed to strengthen co-operation between the countries
It will "reduce vulnerabilities" across supply chains and "keep Russia out of global civil nuclear power market"
Sunak says the US-UK economic relationship has "never been stronger"
He says the new agreement means new US investment in the UK, and reduced trade barriers in "technologies of the future"
Earlier, Sunak thanked Biden for his accommodation at Blair House - also known as the President's Guest House
He said the building in Washington DC was better than the spare room in Downing Street
In the same chat, Biden called the prime minister "Mr President", before correcting himself
The two men are giving a news conference - you can watch by pressing the play button above
We're ending our live coverage of Rishi Sunak and Joe Biden's meeting in the US.
To read more about the pair's transatlantic economic agreement announced today, look here.
And to read Chris Mason's analysis about what Sunak is trying to achieve in the US, click here.
Today's writers were Heather Sharp, Malu Cursino, Emily McGarvey and Sam Francis. The editor was Rob Corp.
Image source, PA MediaLet's take a look at the key points from Joe Biden and Rishi Sunak's news conference in the White House:
Sarah Smith
North America editor
It’s a big moment for any British PM to meet the US president in the Oval Office and then to stand beside him at a formal press conference in the White House's East Room.
Every prime minister who has done this has had the aim of presenting a close relationship with America. For Rishi Sunak, a conviction Brexiteer, it’s more important than ever to demonstrate that post-Brexit Britain has not lost status and influence with the United States.
To that end Downing Street should be very happy with the way the president praised his initiative to lead a global conversation about the risks of AI. Clearly the hopes for a comprehensive trade deal with the US are off the table. But the American president seems to care enough about the bilateral relationship to say all the other things Sunak wanted to hear
As we mentioned earlier, the US and UK have agreed a deal aimed at enhancing economic co-operation between the two countries - albeit not the full trade pact many Conservatives wanted after Brexit.
According to No 10 Downing Street, Prime Minister Rishi Sunak says the new Atlantic Declaration "sets a new standard for economic co-operation, propelling our economies into the future so we can protect our people, create jobs and grow our economies together".
The UK and US have "always pushed the boundaries of what two countries can achieve together" his statement reads.
The two nations have "shared intelligence we don’t share with anyone else" and "built the strongest investment relationship in world history," he says.
So he says it's "natural" that they would look to each other to build a stronger economic future together.
Sarah Smith
North America editor
The UK and US have launched the Atlantic Declaration. It may be a framework for an economic partnership, but it is not the kind of comprehensive free trade deal that some on the Leave side promised would follow Brexit.
There will be greater co-operation - it’s about strengthening and deepening our partnership, says Sunak.
But he skirted around the question - from our political editor Chris Mason - about why a full free trade deal is no longer being discussed.
Just before the president and prime minister left, and in answer to the final question, Sunak said President Biden doesn't believe in zero-sum competition amongst allies and that stance was agreed at the recent G7 summit in Hiroshima.
Today's agreement, Sunak said, is about strengthening and deepening co-operation not looking inward and protectionism
"It's about co-operation on the big economic issues of our time.
"This president and his administration is completely attuned to he needs and concerns of its allies on these issues," Sunak said.
Coming in at around 45 minutes, the news conference closes with the two leaders walking out of the White House's East Room.
We'll bring you analysis, reaction and key video clips as we get them.
We're now hearing the last question, which comes from the Times newspaper (that's the Times of London).
Biden is asked again if it's time for the next Nato chief to be British, alluding to current UK Defence Secretary Ben Wallace.
Biden says the next secretary-general could be British, but it'll be up to the alliance to decide on who is the next leader.
The Times asks whether the era of unfettered globalisation is over. Biden says the pandemic highlighted that we should not rely on one centre of support for any of the things that are needed for economic growth.
He says fundamental changes are taking place in terms of international trade.
Biden goes on to say that globalisation is still real, but "trickle down economics" is no longer useful.
Chris Mason
Political editor
President Biden describes UK Defence Secretary Ben Wallace as a "very qualified individual" as a candidate for Nato secretary general.
But he says a consensus among members of the defence alliance will have to be reached before an appointment.
Asked if it should be Wallace, he says "maybe".
Image source, ReutersThe BBC's own Chris Mason asks whether the Atlantic Declaration, announced today, is "an acknowledgement of the failure" of the UK and US to strike a full free-trade deal - which was promised in the 2019 Tory manifesto.
Mason then asks Biden "why won't you do a full trade deal with the UK?"
Sunak says today's announcement is about "what can do most benefit to our citizens as quickly as possible".
The declaration "responds to particular challenges and opportunities we face right now" - the first being economic security, in the face of rising challenges from China and Russia. The second is "building prosperity and creating jobs".
In response Biden says, "cooperation on data and AI" between the UK and US is vital as is has "a limitless capacity and possibility but we have to do it with great care".
Biden is asked what his government is doing to safeguard the transgender community.
As president he says he is proud to have strengthened civil rights protection for LGBT Americans during his time in office.
"But our fight is far from over," he adds, saying it is an appeal to fear. "These are our kids, these are our neighbours," Biden adds.
Biden says his administration is pushing through some initiatives to protect the LGBT community:
"Congress must pass the Equality Act," he adds, saying that children from the community will be protected by his government.
A reporter asks Sunak: "How is regulating AI any different to what's been done on the global scale far to deal with climate change and other existential threats?"
Sunak responds by saying it's clear AI will bring incredible benefits to society and economies but it does "pose very real risks" and leaders need to put up guardrails.
He says he and Biden are aligned on wanting to discuss with other countries about what those guardrails should be and there's a series of measures they can implement.
Sunak compares AI to climate change "where we come together to work out how to tackle" it and says "we need to bring that same spirit of urgency to the challenges AI poses".
"The pace of the technological change is faster than people had anticipated", Sunak says, adding that he's delighted they will both work with haste to do that.
Image source, ReutersBiden and Sunak have agreed on an action plan for this partnership. Here is some of the detail that No 10 Downing Street has sent us on what it entails:
Sunak is asked about long-term security arrangements for Ukraine, and whether he's found a common position with Biden on that.
The prime minister replies that the UK needs to share the burden of spending alongside the US and encourage other countries to follow.
In the long-term, it's about deterrence, Sunak says.
Russia's President Vladimir Putin will think he can "wait us out" and that the alliance will tire. That's not the case, he says. "We're not going anywhere."
Biden says he believes the US will have the funding to support Ukraine for as long as it takes.
Sarah Smith
North America editor
Image source, ReutersThe message from Rishi Sunak is that after Brexit, the UK is still as reliable an ally to the US as ever.
He clearly wants to emphasise the close relationship - or indispensable as he called it - between the two nations.
Faisal Islam
Economics editor
Rishi Sunak and Joe Biden are keen to stress the economic special relationship. The announcements in the “Atlantic Declaration” indicate a closer relationship on technology, defence and green industries.
The UK car industry wanted a “critical minerals agreement” to be signed with the US - opening up British car exports to be treated in the US like domestic-produced vehicles in terms of significant green subsidies.
The declaration confirms that negotiations will now begin - though Japan signed an equivalent deal with the US three months ago, and the equivalent US-EU deal has already been drafted.
The US and UK will now co-operate on critical supply chains, and economic resilience in the face of shocks.
But what the friendly language of the declaration omits, though, is that the UK is not planning to follow the US on its path of massive tax subsidies for green investment.
The White House believes this is creating hundreds of thousands of highly-paid manufacturing jobs, in left behind areas, helping with net zero ambitions and reducing economic reliance on China.
Sunak is trying to keep in tune with this revolution in US economic policy without following it.
The same Bidenomics policies also mean that what was thought of as one of the great prizes of Brexit - the ability to do a proper free trade deal with the US - is not on the US agenda.
Sarah Smith
North America editor
Joe Biden said the words every British prime minister wants to hear: “It is a special relationship - there is no country closer to us."
It’s a rather meaningless phrase, “special relationship”.
But if a US president doesn’t say it when standing next to the UK prime minister, everyone will speculate that Britain is no longer America’s closest ally.
UK Prime Minister Rishi Sunak closes "with a personal reflection", saying he and the president have seen a lot of each other over recent months.
Sunak goes on say he gathers the two leaders' wives have even started taking spin classes together.
Sunak says the alliance between the UK and US is strong and the two nations share the same beliefs.
Adding that when they stand together the world is safer and a far more prosperous place.
Sunak comments on leaving EU and future of UK
Rishi Sunak says he understands that the US may be wondering what type of ally the UK might be after Brexit.
"Judge us by our actions," Sunak says.
The UK is as committed to its values and allies as ever and remains as "attractive" for investments as ever, Sunak argues.
"That is the future we are creating in Britain: Confident proud and free".
Sunak says today they agreed the Atlantic declaration which he says is a new economic partnership for a new age, "a kind that has never been agreed before".
He says they are launching a new critical minerals agreement and the two countries are building on extraordinary shared strengths on the future of technology.
"Our job as leaders is to ensure the tech revolution makes us more secure, not less," Sunak says.
Sunak says the president and he "agreed to worked together on AI security, so we can seize extraordinary possibilities and do so with confidence".