AGP Executive Report
Last update: 11 hours agoBudget and Borrowing: Britain is paying its highest five-year borrowing costs since 2008 ahead of Chancellor John Healey’s Budget. Business leaders want action on employment and energy costs, while investors warn that a lack of clear spending plans could hold back investment. Business Pulse: UK mid-market activity grew at its fastest pace in nearly two years in September, with NatWest’s index reaching 56.2. SMEs moved closer to stability, though inflation and rising input costs remain concerns. Retail Strain: Poundland’s preferred, fully funded rescue bid has been rejected, putting hundreds of stores and thousands of jobs at risk. Separately, the number of UK businesses in financial distress is reported to be at a 20-year high. Pay and Hiring: The minimum wage is set to rise by nearly 4%, prompting warnings that higher employment costs could make it harder for firms to create jobs.
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