This could be a balloon, but the fact that jets came up to investigate strongly suggests otherwise. The US Air Force often investigates UFO activity, as was proven when MUFON investigators obtained documents about USAF activities over Stephenville, Texas during the UFO flap that took place there in 2008. The Air Force had denied its interest in the objects.
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This object is displaying unusual lights, but it really could be anything, even something launched by a hoaxer. Nevertheless, the video is a good one, and the possibility that we are looking at a genuine unknown must be seriously considered.
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Looking at this, one has to wonder if some sort of weather-related weapon or system is involved. During this year of extremely strange weather in the UK, it would not be too surprising if some effort was being made to alter climactic conditions. But no government would ever admit this, due to the fact that the public would begin asking too many questions.
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