A second European nation has joined the battle against Islamic terrorists attempting to overthrow the Malian government as the UK has begun to transport French troops and supplies via C17 aircraft.
The British have called the move “limited logistical support” with support of the nation’s National Security Council. Defense Minister Andrew Robathan said that he expected operations by the Royal Air Force to last about a week. Continue reading
The U.K. is on the verge of a major discussion concerning the future of the country within the E.U. Prime Minister David Cameron is preparing to make a major speech on the matter within the next month. Continue reading
The UK reported a surprisingly strong drop in unemployment between August and October. The unemployment figure fell 82,000 to 2.51 million. It was the biggest fall in unemployment in eleven years. Continue reading
The UK could run out of energy generating capacity by 2015 according to a report from energy regulator Ofgem. The report blames the potential shortage on coal-fired power stations connected to European Union environmental regulations.
Britain’s Energy Secretary said that the government would be responding to the report before the end of 2012. Continue reading
A storm being called the “most intense September storm in 30 years” is causing flooding that is threatening thousands of homes across England.
The flooding has even caused Tadcaster, North Yorkshire to be split in two after damaging a bridge forcing it to be closed “as a precaution.” Continue reading
The recession in the UK officially deepened after reports of the country’s gross national product falling .7% between April and June. The fall was more than double the .3% drop in the first three months of 2012.
The fall marks the fourth negative quarter in five quarters for the UK with the latest the worst of the four declines. It’s the largest fall in GDP growth since a 1.6% fall in the first quarter of 2009. Continue reading
European Union officials announced that the group has moved closer to creating a central European treasury that would be able to override the individual budgets of member nations. The system would essentially create a government entity in Brussels that would have power over the economies of all member nations.
Several leaders in the EU want the debts of individual member nations to be guaranteed by all the members of the Eurozone instead of each member being individually a problem on the system like Greece and Spain have been in the last year. Continue reading
The head of Britain’s intelligence agency, MI5, said in his first public speech in two years that his group is fighting an “astonishing” level of cyber-attacks.
Jonathan Evans warned of “internet vulnerabilities” that are being exploited not only by individual cyber-criminals but also by foreign governmental agencies. Continue reading
Markets across Europe were rocked this morning after more bad economic news for banks in Spain.
Late Thursday credit agency Moody’s cut the credit ratings of sixteen Spanish banks. Moody’s also cut the credit rating of Santander UK, the British subsidiary of Spanish banking giant Santander.
Moody’s stated reasons for the downgrade included Spain’s return to a recession, bad loans in the property industry and financial challenges for the government. Continue reading