News UK
What impact is Brexit having on the UK economy? – BBC News
In his first speech as UK prime minister on Tuesday, Rishi Sunak said he wanted to “build the economy”.
But many believe that Brexit is having a severe effect on British finances.
The UK’s trade has dropped in recent years, the pound has fallen considerably against the dollar and business investment is yet to return to its peak in 2016.
While these factors are predicted to be a result of Brexit, ministers have blamed international issues.
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The US said it has hit “dozens” of Iranian military targets in overnight attacks, in response to Iran hitting commercial ships in the Strait of Hormuz.
The military said it struck “air-defense systems, coastal radar sites, missile and drone capabilities, and small boats”, using aircraft, ships, and drones – including “one-way attack sea drones for the first time”.
“The Strait of Hormuz is a vital maritime corridor for global trade,” the US military said. “Iran does not control it”.
In response, Iran said it targeted US bases in Jordan, Bahrain, and Kuwait and also radar systems in Oman.
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President Donald Trump has said the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo shipped through the Strait of Hormuz following days of escalating strikes between the two countries.
He said this would stop “Iran’s ships or customers” from entering or leaving the key oil shipping route, but “all other countries will have fair and open use of the Strait”.
Iran’s foreign minister later said whoever provides safe passage “should be compensated for this service”, but Iran would remain the strait’s “GUARDIAN” – using Trump’s word.
Tehran and Washington clashed over the strait’s control after exchanging strikes in the region overnight and on Monday.
The US said it carried out strikes against military targets in Iran, targeting air defence systems, coastal radars, and missile and drone sites. Iran said it responded by striking US military bases in Kuwait, Jordan and Bahrain, and radars in Oman.
Reeta Chakrabari presents BBC News at Ten reporting by Jeremy Bowen.
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Wildfires of ‘exceptional scale’ have taken force in Paris, as neighbouring Spain still tackles flames across the country following its own devastating fires.
Now the UK is also experiencing wildfires in England and Wales, as its third heatwave of the year is set to intensify again this week.
Here’s what we know so far about the extent of wildfires in Europe and the UK, and how heatwaves are impacting them.
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Explosions have been heard near two Iranian port cities, Bandar Abbas and Bushehr, state media has reported.
It comes after another night of strikes between the US and Iran, with Iran’s Islamic Revolutionary Guard Corps saying it hit two UAE tankers in the Strait of Hormuz and targeted US facilities in Jordan and Bahrain.
The UAE called the attack “brazen”, adding that an Indian crew member was killed and eight others were injured.
Meanwhile, the US military says it completed strikes on targets aimed at degrading “Iran’s ability to attack commercial shipping” – Iranian state media reports three people were killed.
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The US military said it was carrying out a new wave of strikes on targets in Iran. It said the aim of the attacks was to degrade Iran’s ability to attack shipping in the strait of Hormuz. It came ass the US Navy resumed its blockade of Iran’s ports.
Iran said that control of the strait of Hormuz was required for its national security and it will exercise sovereignty over the key shipping lane, whatever the cost.
President Trump announced that he was scrapping a plan he had announced a day earlier, for placing a 20% toll or tariff on all cargos passing through the strait of Hormuz.
Clive Myrie presents BBC News at Ten reporting by Sarah Smith in Washington.
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@benjaminbruce-co2ow
December 30, 2023 at 4:16 pm
In today's economy, assistance is critical if we are to survive. I was really hopeful about my investments this year but all my plans have been disoriented, I've been studying the stock market and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
@koolking7344
December 30, 2023 at 4:16 pm
Can’t Britain go back to the eu
@virgilioblanco
December 30, 2023 at 4:16 pm
I could have told you that!!! In fact I did, but bigotry kept you from listening.
@sandrahaywood3367
December 30, 2023 at 4:16 pm
BRITAIN NEVER ACHIEVED BREXIT******REMAINER GLOBALIST NUTTER. JOHNSON
**PARKED***OUR BREXIT VOTE AT **BRINO**
JOHNSON IS A REMAINER AT HEART**
*HE JUST WANTED TO BE SEEN AS THE BRITISH PRIME MINISTER LIKE Churchill*
*BUT THE CHURCHILL BOOTS WERE TOO BIG FOR HIM****
TROUBLE IS HE SPENT OUR BREXIT FREE PORTS MONEY FEEDING THOUSANDS OF WAIFS AND STRAYS WHO FLOATED UP THE CHANNEL*. WHO ARE HELL BENT ON TAKING OVER BRITAIN
AND SUNAK' IS TOO WEAK TO STOP THEM
THE MEEK SHALL INHERIT THE EARTH****###WELL THEY HAVE CERTAINLY INHERITED BRITAIN
WITH JOHNSON & SUNAK''S HELP
@user-ej9qe4me8v
December 30, 2023 at 4:16 pm
What impact are the dithering politicians having on Brexit ? Not a single manifesto delivered. What an absolute shower of xxxxx !!!!!!!
@Viktor-bb
December 30, 2023 at 4:16 pm
Случайно англичане выбрали брейксит
@tw8464
December 30, 2023 at 4:16 pm
"Brexit" = Endless Economic PAIN
@carymarshallfelton9188
December 30, 2023 at 4:16 pm
American was never going to increase trade with the UK. American gets everything it needs from Mexico and China.
@JosephDonohoe-dx7qw
December 30, 2023 at 4:16 pm
SO HOW BRIXIT GOING THEN. 😂😂😂😂😂😂😂😂
@user-cr7nu9no4b
December 30, 2023 at 4:16 pm
i think UK is in real economic crisis
@japfourme381
December 30, 2023 at 4:16 pm
We wouldn’t know, we’re still waiting for it!!
@sucatash57
December 30, 2023 at 4:16 pm
U.K. forgot that they do not have an empire anymore.
Brexiteers are fools.
@phoque121
December 30, 2023 at 4:16 pm
What are those people complaining about? The UK's economy is larger than that of Indonesia. The UK is doing pretty well for a small nation 🤷♂
@FR0GSPLASH123
December 30, 2023 at 4:16 pm
I don’t think BBC are experts in trade OR honesty
@MS-fg8qo
December 30, 2023 at 4:16 pm
I'm an English teacher working in secondary education and I feel sad about the UK's divorce. I also see less interest in Britain among young people over here in Germany. It's terrible. I wish the UK would rejoin us. To quote Pink Floyd: "Together we stand, divided we fall."
@gweilospur5877
December 30, 2023 at 4:16 pm
Brexit was always going to be a disaster. No surprises.
@maxthemagition
December 30, 2023 at 4:16 pm
Brexit means that the EU controls all goods coming from and entering the UK with the exception of N.I.
Thanks very much Brexit.!
@Edinkrama
December 30, 2023 at 4:16 pm
📌.I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
@anthonymanderson7671
December 30, 2023 at 4:16 pm
It's really a shame that people voted for brexit without thinking wisely and knowing the consequences it could have.
@javi8435
December 30, 2023 at 4:16 pm
What impact??? Very easy. WE DO NOT HAVE A TOXIC PARTENER ANYMORE😂😂😂😂😂😂😂😂😂 greetings from the EU