Author: News Desk

Today’s news summary – Paper Talk: US and UK strike Houthis & Horizon scandal public inquiry  Friday’s front pages lead on the build-up to the US-UK strikes on Houthi military targets in Yemen. Online, the paper’s headline stories are on the reaction to the strikes.  US and UK strike Houthis The Sun Online boldly announces the Western response, accompanied by an unverified image displaying an explosion and fireball in the Yemeni city of Hodeidah. MailOnline follows suit with a headline proclaiming “It’s payback time,” detailing how coalition forces unleashed a bombardment on the rebels using warships, fighter jets, and submarines. The…

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Red Sea attacks could shrink economy, warns Treasury Ongoing attacks on shipping in the Red Sea are causing concern for the government, as it could further shrink the UK economy. According to the BBC, the Treasury has modelled scenarios that include a potential rise of over $10 per barrel in crude oil prices and a 25% increase in natural gas. Following military strikes, the price of Brent crude, the international benchmark for oil prices, increased by 2% to $78.94 per barrel on Friday. Meanwhile, US West Texas crude rose by 2.1% to $73.55. Vincent Clerc, the CEO of shipping giant…

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Britain to increase Ukraine support to £2.5bn, Rishi Sunak announces The UK is stepping up its support for Ukraine with a significant £2.5bn boost in military aid, marking the largest annual commitment since Russia’s invasion. Rishi Sunak announced this during a visit to Ukraine, where they will also ink a new agreement focused on Ukraine’s enduring security. The aid package includes provisions for long-range missiles, air defence, and artillery shells, with approximately £200m earmarked for drones, primarily of UK origin. This upcoming financial year, starting in April will witness the most extensive drone delivery to Ukraine from any country, according…

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UK economic growth rebounds in November The UK’s economy rebounded in November after shrinking during the previous month, according to official figures. The economy grew by 0.3% which was both stronger than expected and an improvement on October. The Office for National Statistics said the bounce back was led by the services sector, with areas such as retail boosted by Black Friday sales. While the monthly growth figure was stronger than expected, the ONS figures also showed that in the three months to November, the economy shrank by 0.2%. Economists predict it will be a close call as to whether…

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