Britain - Britain approves new North Sea oil drilling in welcome news for the industry but not activists



Britain, officially known as the United Kingdom of Great Britain and Northern Ireland, is a country located in western Europe. It is surrounded by the Atlantic Ocean, the North Sea, and the English Channel, and is composed of four constituent countries: England, Scotland, Wales, and Northern Ireland. With a population of approximately 67 million, it is the fifth-largest economy in the world and a prominent global player in politics, economics, and culture.

History

Britain has a long and complex history, dating back to prehistoric times. The Celts were the first inhabitants of the British Isles, followed by the Romans who invaded Britain in 43 AD and established a province. The Anglo-Saxons then invaded and settled in England in the 5th and 6th centuries, followed by the Vikings in the 9th century. The Norman Conquest in 1066 led to the establishment of a feudal system in England and the beginning of the Middle Ages.

During the 16th and 17th centuries, Britain became a major global power. The Tudor monarchs, particularly Henry VIII and Elizabeth I, oversaw a period of cultural and economic growth, while the British Empire expanded across the world through colonization. The Industrial Revolution of the 18th and 19th centuries saw Britain become a leader in manufacturing and industry, with the development of new technologies and systems of production.

In the 20th century, Britain played a significant role in both World Wars and was a founding member of the United Nations. It experienced economic difficulties in the 1970s and 1980s but saw renewed growth under the leadership of Prime Minister Margaret Thatcher. In 2016, Britain voted in a referendum to leave the European Union, a decision known as “Brexit.”

Geography

Britain is located on the northwest coast of Europe and consists of the island of Great Britain (which includes Scotland, Wales, and England) and the northeastern part of the island of Ireland (Northern Ireland). It has a total land area of approximately 243,610 square kilometers.

The country is characterized by a diverse landscape of mountains, valleys, forests, and coastline. The highest point is Ben Nevis in Scotland, which stands at 1,345 meters above sea level, while the longest river is the River Severn in England. The climate is temperate, with mild winters and cool summers.

Demographics

As of 2021, Britain has a population of approximately 67 million people. English is the official language, and the majority of the population identifies as Christian, although there are significant numbers of Muslims, Hindus, and Sikhs. Immigrants and their descendants from a variety of countries make up a significant proportion of the population, particularly in large cities.

Economy

Britain has a highly developed, mixed-market economy. It is the fifth-largest economy in the world and the second-largest in Europe after Germany. The service sector is the largest sector of the economy, contributing around 80% of GDP, followed by manufacturing and construction.

Britain has a highly skilled workforce and is a leader in fields such as finance, technology, and creative industries. The London Stock Exchange, one of the largest stock exchanges in the world, is located in London.

Politics

Britain has a parliamentary system of government, with the Prime Minister as the head of government and the monarch as the symbolic head of state. The current Prime Minister is Boris Johnson, and Queen Elizabeth II has been the monarch since 1952.

The country is divided into constituencies, which elect Members of Parliament (MPs) to the House of Commons. The House of Lords, the upper house of Parliament, is composed of appointed members and peers.

Culture

Britain has a rich cultural heritage and is famous for its literature, music, theater, and film. William Shakespeare is considered one of the most important playwrights in history, while other notable writers include Jane Austen, Charles Dickens, and J.K. Rowling.

Pop music has been influential in Britain for decades, with famous artists such as The Beatles, Elton John, and David Bowie. The country is also famous for its theater, with the West End district of London being a hub for musicals and plays.

Traditions such as afternoon tea, the changing of the guard at Buckingham Palace, and the annual Wimbledon tennis tournament are iconic symbols of British culture.

Conclusion

In conclusion, Britain is a country with a rich history, diverse landscape, and strong economy. Its cultural contributions have impacted the world in areas such as literature, music, and theater. While it faced economic challenges in recent decades and Brexit has created uncertainty, Britain remains a prominent global player and a major player in the European political landscape.


Disclaimer
6do Encyclopedia represents the inaugural AI-driven knowledge repository, and we cordially invite all community users to collaborate and contribute to the enhancement of its accuracy and completeness.
Should you identify any inaccuracies or discrepancies, we respectfully request that you promptly bring these to our attention. Furthermore, you are encouraged to engage in dialogue with the 6do AI chatbot for clarifications.
Please be advised that when utilizing the resources provided by 6do Encyclopedia, users must exercise due care and diligence with respect to the information contained therein. We expressly disclaim any and all legal liabilities arising from the use of such content.

‘Common sense’ to allow EU nationals full voting rights, Starmer suggests

The Independent

23-05-15 12:02


UK Labour party leader, Sir Keir Starmer, has endorsed extending voting rights to EU nationals who have lived and worked in the UK for a significant period. Although expressed as a matter of principle not policy, Labour has also suggested allowing 16-year-olds to vote in national elections and extending voting rights to settled migrants. Current polling indicates such a move would be popular: a June Survation poll revealed 45% of the UK electorate support extending the franchise to 16 and 17-year-olds.

https://www.independent.co.uk/news/uk/labour-vince-cable-the-observer-wales-hands-b2339014.html
Sting blasts government’s lack of ‘decency’ over Afghan war hero

The Independent

23-05-15 12:01


Pop star Sting has joined a campaign to support an Afghan pilot who served British and coalition forces in their fight against the Taliban. The RAF squadron leader is facing deportation to Rwanda after arriving in the UK by boat with his family. Despite being told he faces danger from the Taliban and Islamic State fighters if he is sent back to Afghanistan, he is not eligible for the Afghan Relocations and Assistance Policy, which applies only to those who were directly employed by the British forces and are at significant risk if they do not leave the country.

https://www.independent.co.uk/news/uk/home-news/sting-afghan-pilot-government-rwanda-b2339052.html
Voter ID is ‘gerrymandering’ which backfired on Tories, says Rees-Mogg

The Independent

23-05-15 11:40


Jacob Rees-Mogg has said that the Conservative government’s voter ID policy was an attempt at “gerrymandering”. The policy required voters to have photo ID when voting in English local elections. Rees-Mogg claims that the policy made it harder for elderly voters, who are generally more likely to vote Conservative, to take part. Labour and other groups have also criticised the policy on the grounds that it disproportionately affects marginalised groups. However, the government insists that it was introduced in order to prevent voter fraud and protect the integrity of elections.

https://www.independent.co.uk/news/uk/politics/rees-mogg-voter-id-tories-b2339068.html
‘Common sense’ to allow EU nationals full voting rights: Starmer

The Independent

23-05-15 11:12


UK Labour Party leader Sir Keir Starmer has stated that allowing EU citizens resident in the country to vote in general elections would be "common sense". Sir Keir went on to say that it would be wrong to deny the vote to people who had made economic contributions to the UK and raised families in the country. The comments came in response to a question during an interview with LBC radio. Labour has also said it is open to lowering the voting age to 16.

https://www.independent.co.uk/news/uk/labour-vince-cable-wales-the-observer-hands-b2339014.html
Kremlin says UK military aid to Ukraine won't change conflict's course

Reuters

23-05-15 11:05


Russia has expressed an "extremely negative" response to the UK supplying Ukraine with military hardware, including long-range drones, but Vladimir Putin's spokesman Dmitry Peskov says Russia does not believe it will change the course of the conflict. Ukrainian President Volodymyr Zelenskiy arrived in Britain on Monday as part of a European tour to seek new arms for a counter-offensive against Russia. The Kremlin views the UK's military aid to Ukraine as making things worse for Ukraine, and making the situation much more complex.

https://www.reuters.com/world/europe/kremlin-says-uk-military-aid-ukraine-wont-change-conflicts-course-2023-05-15/
Michael Gove accuses Keir Starmer of trying to undermine Brexit

Telegraph

23-05-16 00:08


UK Cabinet Office Minister Michael Gove has written a letter accusing the leader of the opposition Labour Party, Keir Starmer, of trying to rig future elections and undermine Brexit by allowing EU citizens to vote. The accusation comes after it was reported that Starmer's proposal seeks to allow migrants who live permanently in the UK and pay tax to be permitted to vote in general elections, if elected. This would be expected to affect around 3.4 million EU nationals in the UK who have already fulfilled the requirements for settled status. Starmer's proposals also include granting votes to 16 and 17-year-olds.

https://www.telegraph.co.uk/politics/2023/05/16/michael-gove-keir-starmer-undermining-brexit-eu-vote/
Letters: Britain’s aspirational young have been left without a party to vote for

Telegraph

23-05-16 00:01


The UK’s Conservative, Liberal Democrat, and Labour parties are all failing young people, according to letters printed in The Daily Telegraph. The Conservative government has been criticised for imposing high rental costs on younger people, denying them the chance of home ownership, and paying benefits to richer pensioners. The Liberal Democrat party was accused by another letter writer of opposing building developments, essentially ruling out house ownership for younger people. Labour was criticised by a third correspondent for planning to penalise companies which offered employment opportunities. The three parties were also claimed to have failed to institute Tory values or provide effective leadership capable of solving the country’s current problems.

https://www.telegraph.co.uk/opinion/2023/05/16/letters-aspirational-young-without-a-party-to-vote-for/
China’s Hidden Century, British Museum: more chic jaunt than trip of a lifetime

Telegraph

23-05-16 00:01


An exhibition called “China’s Hidden Century” has opened at the British Museum, chronicling the history of China during the period of the Qing dynasty from the end of the eighteenth century to 1912. Critics have praised the exhibition’s efforts to inject humanity into what is a complex and distant time period. More than 300 artefacts are included, including silks, ceramics and paintings, as well as tales relating to women and minority groups. Exhibits narrate the internal conflict, as well as detailing the challenges posed by incursions from foreign powers such as the United Kingdom.

https://www.telegraph.co.uk/art/what-to-see/chinas-hidden-century-british-museum-review/
In European Tour, Zelensky Reaps Billions More in Promised Military Aid

NY Times

23-05-15 23:00


Germany has pledged to give Ukraine a nearly $3 billion package of weapons, as well as making less concrete promises of additional weapons from France and Italy. The United States remains by far the largest supplier of weapons to Ukraine but support for Ukraine in the US is likely to come under pressure. US white house officials have said privately that they remain confident they have bipartisan support in Congress to continue helping Ukraine in the near term. The European Union package of aid includes long-range missiles, attack drones and tanks, and other armoured vehicles, which will fulfill many but not all the demands for weapons that Ukraine has said it needs for a counteroffensive. Military analysts have said the European reinforcements make it highly likely that Ukrainian troops forces will soon strike back at Russian forces that control the country’s south. The European Union's show of support for Ukraine underscores that the war is in a pivotal phase, with Ukrainian forces massing for a counteroffensive that could set the terms for any future negotiation with Russia.

https://www.nytimes.com/2023/05/15/world/europe/ukraine-war-zelensky-foreign-aid.html?searchResultPosition=1
North Sea 'taxed to death', warns Sir Jim Ratcliffe

Telegraph

23-05-15 23:00


Sir Jim Ratcliffe, billionaire owner of chemical company Ineos, has lambasted the UK’s decision to introduce a windfall tax on the North Sea oil and gas industry; moves that he believes threaten future investment. Taxes are now so high, he said, that profits no longer fund future investment, claiming instead that “what the country needs is energy security, which means encouraging developments in our strategic energy reserves in the North Sea. There has been no thought given to the long-term consequences of this ‘tax it to death’ move.” Other companies have also complained, with Harbour Energy stating that the windfall tax had all but wiped out its profits.

https://www.telegraph.co.uk/business/2023/05/15/north-sea-taxed-to-death-warns-sir-jim-ratcliffe/
Too much demand, not enough supply. Global airfares set to stay sky high into 2024

South China Morning Post

23-05-16 06:00


Air travel is becoming more expensive post-pandemic, with most regions affected. The Asia-Pacific area has seen the highest prices increases - up to 33% more than in 2019. Europe has seen a 12% increase, while North America is at 17%. The closure of airspaces, labor shortages, and rising fuel costs are all affecting the supply of seats and contributing to the price increases.

However, the demand for international travel is strong, so travelers on the higher end of the income spectrum are paying for the higher prices. Domestic tourism revenues have also jumped in China, surpassing pre-pandemic levels to 101% during a recent holiday period. China’s theme parks are also said to be bouncing back to pre-pandemic levels as pent-up travel demand sparks a tourism boom.

International airlines saw a plunge of just 12.4% in passenger numbers in Q1 of 2023 compared to Q1 of 2019, due to lingering concerns over Covid-19 and tensions with the US and Europe. Chinese island Hainan saw a return of interest in its high-end consumption market, with foreign brands flocking to catch the post-Covid economic recovery.


https://www.scmp.com/economy/global-economy/article/3220685/global-impact-demand-outstripping-supply-eager-travellers-have-their-wings-clipped-amid-post-covid

National Grid ordered to fix ‘unacceptable’ delays that threaten net zero

Telegraph

23-05-16 06:00


The UK's National Grid must resolve "unacceptable" delays in connecting wind and solar farms or lose its planning powers, according to the country's gas and electricity markets watchdog. Jonathan Brearley, CEO of Ofgem, will tell National Grid executives in a speech that the 10-year waiting list for energy projects threatens the government's goal of being carbon-free by 2035. Brearley will insist that National Grid fix the problem within two years or face reforms, which might see its planning role taken over by an independent centralised body. Projects in the pipeline will be moved forward by between two and 10 years.

https://www.telegraph.co.uk/business/2023/05/16/national-grid-ordered-fix-unacceptable-delays-threaten/
US debt woes could trigger a return to favour for fund manager specialising in emerging markets

Telegraph

23-05-16 06:00


Emerging markets-focused asset manager Ashmore is being tipped to return to favour, with a share price currently languishing at 234.4p, compared to 2020's peak of 570p and a peak of investments under management of $94.4bn in June 2021. Factors that dragged Ashmore's shares down include: a trend towards growth and technology rather than emerging markets; economic uncertainty and the Ukrainian conflict damping sentiment; and Ashmore's own investments performing below customers' expectations. However, a return to favour for emerging markets, plus scarcity in the debt market, could be a catalyst for Ashmore and the areas in which it invests, according to Questor.

https://www.telegraph.co.uk/investing/shares/us-debt-woes-could-trigger-a-return-to-favour-for-fund/
Sunak pulls off biggest tax raid in 44 years as one in five pay higher rate

Telegraph

23-05-16 06:00


The freezing of income tax thresholds will force one in five taxpayers to pay higher rate income tax by 2027, according to the Institute for Fiscal Studies (IFS). The six-year freeze, which is the Treasury's biggest revenue raiser since tax hikes introduced in the 1970s, will mean that an estimated 7.8 million people will pay tax rates of 40% or higher by 2027. The situation, which is due to the impact of "fiscal drag", will result in certain workers, including nurses and teachers, being drawn into the higher tax band for the first time.

https://www.telegraph.co.uk/business/2023/05/16/sunak-biggest-tax-raid-44-years-pay-higher-rate/
Regulations and rules are stifling British tech

Telegraph

23-05-16 06:00


Activision Blizzard's has won approval for its £55bn merger with Microsoft by EU regulators, but has been blocked by the Competition and Markets Authority (CMA) in the UK. The CMA said the merger could buy Microsoft a stranglehold on cloud gaming which would stifle competition. When the CMA's decision was revealed Activision protested that it showed the UK was closed to growth businesses and putting investment at risk.

https://www.telegraph.co.uk/opinion/2023/05/16/regulations-and-rules-are-stifling-british-tech/
Landsec boss warns of ‘higher for longer’ interest rates

Financial Times

23-05-16 10:19


Mark Allan, CEO of Landsec, said that the industry faces a “higher for longer” interest rate environment and warned property investors not to “hope that markets will just ‘return to normal’ and interest rates come back down sharply if we wait long enough”. Landsec swung to a loss of £622m due to the property value falling by 7.7%, which was led by a 15% fall in the value of its City of London offices during the year to the end of March. Commercial property values and deal-making have slumped in the past few months.

https://www.ft.com/content/ac7b9a1e-18b7-4c05-b847-7a13b1b38a59
UK competition tsar calls for crackdown on utilities ‘ripping off’ customers

Financial Times

23-05-16 10:19


The UK’s official advisor on competition reform, John Penrose, has said regulators should be empowered to tackle companies “causing harm to the economy”. Penrose stated that the current economic regulatory system was “too soft” and did not do enough to prevent “rip-offs.” Although the government’s digital markets, competition and consumers bill addresses modern monopolies such as Google, it does not yet address the regulation of water and energy utilities. Campaigners are calling for greater public ownership of water, rail and energy while the Conservative government is promoting the idea of increased competition in the sector.

https://www.ft.com/content/2723bd15-7c41-4593-9021-8a07e328cb09
EU states approve world's first comprehensive crypto rules

Reuters

23-05-16 09:50


The European Union has approved the first set of rules to govern cryptocurrencies, putting pressure on other countries, including the UK and the US, to follow suit. The rules require crypto firms working within the bloc to acquire a licence to deal with tokenised assets, stablecoins and cryptocurrencies. The need for regulation has been highlighted by the collapse of cryptocurrency exchange FTX. The EU's move has been welcomed by some crypto companies in the sector that want greater regulatory clarity. The US has so far been using existing securities rules to tackle abuse in the space, while Britain has yet to finalise rules for unbacked cryptoassets.

https://www.reuters.com/technology/eu-states-approve-worlds-first-comprehensive-crypto-rules-2023-05-16/
Vodafone CEO says Three UK deal to 'take as long as it takes'

Reuters

23-05-16 09:35


A long-awaited £15bn ($19bn) plan to combine Three UK and Vodafone’s UK business is still “progressing” but is not yet close to finalisation, according to Vodafone’s CEO, Margherita Della Valle. Co-managing director of CK Hutchison, Canning Fok, was similarly cautious last week, rowing back from previous claims that talks were in their final stages. The companies have been in discussion since at least October of last year. The deal is seen as crucial for the companies’ to be able to afford the installation of 5G networks.

https://www.reuters.com/business/media-telecom/vodafone-ceo-says-three-uk-deal-take-long-it-takes-2023-05-16/