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  • Nature degradation could cause a 12% loss to UK GDP, new analysis suggests

    The deterioration of the UK's natural environment could lead to an estimated 12% loss to GDP, according to new analysis. In comparison, the financial crisis of 2008 took around 5% off the value of the UK GDP, while the COVID-19 pandemic cost the UK up to 11% of its GDP in 2020.

  • UK to boost defence spending to 2.5% of GDP, Sunak says

    PM pledges to put arms industry on ‘war footing’ with plan to raise defence budget to £87bn a year by 2030Britain will boost its defence spending to 2.5% of national output by the end of the decade as Rishi Sunak pledged to put the UK’s arms industry on a “war footing” in response to global threats.The prime minister’s plan, which he said would help the UK deal with an “increasingly dangerous” world, would steadily increase defence spending to £87bn a year by 2030. Continue reading

  • UK Navy Reports Two Vessels Attacked In Red Sea, One Damaged

    UK Navy Reports Two Vessels Attacked In Red Sea, One Damaged Yemen's Iran-backed Houthi rebels may have launched attacks on two vessels transiting southwest of Mukha, a port city on the highly contested southern Red Sea. Bloomberg says the UK Navy has confirmed two attacks on vessels in a series of headlines hitting the Terminal around 1400 ET. UK NAVY: REPORTS 2 ATTACKS ON VESSEL SW OF AL MUKHA, YEMEN There are also reports that one of the vessels is "damaged." UK NAVY SAYS...