UK reveals its economy huge losses since the American coalition in the Red Sea

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The British newspaper The Independent spoke  about new losses to the British economy as a result of its participation in the American coalition against Yemen.

The newspaper said in a report that British companies that depend on the Red Sea have been facing difficulties since the attacks on ships began late last year.

The newspaper reported that the costs of insurance, fuel, and wages have risen, making importing goods through the Red Sea much more expensive.

In a related context, Reuters confirmed that the slowdown in the growth of manufacturing activity in Britain reached the highest level in 22 months, due to damage to exports and shipping delays, as a result of the disruption of shipping in the Red Sea, which contributed to a decrease in demand from customers abroad.

Earlier, Drapers, the leading British fashion company, spoke about the extent of the huge losses to which the British economy is exposed as a result of the United Kingdom’s participation in the American coalition against Yemen.

The company said, citing a British importer, that shipping prices to Britain had tripled during the past 6 weeks, as a result of the Yemeni attacks in the Red Sea.

It pointed out that the price of shipping a 40-foot container from Asia to Britain reached $7,500, after its previous value was $2,500, due to the Red Sea crisis.

The British newspaper The Guardian had previously revealed, citing a survey conducted by the British Chambers of Commerce (BCC) last February, that more than half (53%) of manufacturers and retailers in Britain had been affected by the Red Sea crisis.

According to the study, “container rental prices increased by 300%, adding four weeks to delivery times.”

The British economy is collapsing after the United Kingdom’s decision to participate in the American coalition to attack Yemen, which came in response to the direct Yemeni military intervention in support of Gaza.