UK bank tax to double to 6% in January, but increase will last 15 months
The British bank tax will double from 3 percent to 6 percent at the turn of the year, according to a budget proposal.
BusinessThe British bank tax will double from 3 percent to 6 percent at the turn of the year, according to a budget proposal.
BusinessBritain's Defence Secretary John Healey announced in a letter to Prime Minister Keir Starmer that he is resigning. Following the announcement, a minister who served under him, Al Carns, also chose to leave his post. Dan Jarvis will be Healey's replacement.
WorldBritain promises 120,000 new drones in another aid package for Ukraine.
WorldBritain and Norway have carried out a military operation to deter Russian submarines suspected of "hostile activity" in the North Atlantic.
WorldBritish fighter jets have begun a "defensive operation" in the Middle East. Among other things, Iranian drones have been shot down.
WorldIran has fired two missiles towards Cyprus, British Defense Secretary John Healey told the BBC. Cyprus denies the reports.
WorldBritain is stepping up its presence in the Arctic, increasing the number of soldiers in Norway from 1,000 to 2,000.
WorldThe United States, with British support, has seized an oil tanker that has been trying to evade a US blockade near Venezuela for weeks. The ship is said to have links to Venezuela, Russia and Iran - a move condemned by Moscow. Another ship has been seized in the Caribbean Sea, according to the US military.
WorldNorway and the UK are to enter into a new defense agreement that, among other things, will involve a joint fleet of warships to "hunt Russian submarines," the British government says.
WorldA Russian spy ship is sailing just outside Britain's territorial waters north of Scotland, British Defense Minister John Healey said at a press conference in London.
WorldUSA has established a "civil-military coordination center" (CMCC) in Israel. British soldiers are participating in the operation.
WorldThe USA wants to freeze the front lines and let Russia hold on to a large part of Ukraine to get an end to the war. But Ukraine and its European allies are said to have told the USA that it first requires a ceasefire and clarity on security guarantees before negotiations on territories can become relevant, sources tell Bloomberg.
WorldHundreds of thousands of military drones are promised to Ukraine in a new billion-krone support from the United Kingdom and Norway. Germany is simultaneously launching a new cooperation to strengthen Ukraine's countermeasures.
WorldOur plans are well developed and now we are increasing, promise 30 willing countries for a future peacekeeping force in Ukraine – on land, in the air and at sea. But if the USA supports is still unclear.
WorldThe European countries are showing a common "very broad" unity on the fact that Ukraine's long-term security is built on a strong military capability.
WorldNorway and the United Kingdom are entering into a comprehensive defence agreement. The agreement is intended to strengthen defence and security cooperation between the two countries.
WorldNo Crimea, no NATO, and no US soldiers on site. USA's new defense minister Pete Hegseth came to Brussels with tough messages to Ukraine. But he promises that an end to the war is "highest priority".
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