5 important things happening in the UK today

Here are 5 important things happening in the UK today – 23 June 2025.

World holds its breath after US attacks Iran: The unprecedented US airstrikes on Iran have set traders and governments worldwide on edge, as the Islamic Republic warns of retaliation and Israel shows no sign of letting up in its assault. In the UK, much of the focus is on whether the country could be dragged into the conflict in some way and how an escalation could impact the energy sector. [Bloomberg]

UK on high alert for Iranian drone swarms: UK bases in the Middle East are on heightened alert for drone strikes after the US bombing of Iran. John Healey (the Defence Secretary) said UK Armed Forces protection was at its highest level amid fears that the US action could escalate into a wider conflict. [Telegraph]
NHS to offer weight-loss jab from Monday: Thousands of patients in England will be able to access weight-loss jabs via their GP from Monday for the first time. The mass rollout on the NHS means family doctors will be allowed to prescribe the drugs for the first time. About 220,000 people with the greatest need are expected to receive Mounjaro, also known as tirzepatide and made by Eli Lilly, on the NHS over the next three years. [Guardian]
UK businesses to get reduced energy rates: Prime Minister Keir Starmer will invest £2 billion to cut energy prices by up to a quarter for thousands of businesses, as part of his long-awaited industrial strategy. [Financial Times]

Oil prices spiked over the weekend on news that the US had bombed Iran. On Monday, Oil was trading at $78.13. The pound was trading at £1.34 to the dollar, £1.17 to the euro and £9.65 to the yuan.