The United Kingdom is inadequately prepared for a major space weather event that could significantly impact power systems, air travel, and mobile networks, according to a recent report by a government watchdog. Bloomberg posted on X, highlighting the potential for billions in economic losses if such an event were to occur. The watchdog's findings underscore the need for improved contingency planning and infrastructure resilience to mitigate the risks associated with severe space weather. The report calls for urgent action to bolster the nation's preparedness and safeguard critical systems against potential disruptions.