AGP Executive Report
Last update: 10 hours agoDefence Industry: Babcock has opened a Plymouth skills centre able to train 1,500 people a year and started work on a logistics hub to support Royal Navy submarine programmes. Business Climate: UK business activity reached its strongest level since February, but September retail sales fell 0.4% as households cut spending and confidence weakened. The Autumn Budget is in focus, with the government promising £800m in business savings from cutting red tape. Jobs and Investment: Amazon says it will create 30,000 entry-level UK roles by 2030, even as it cuts corporate jobs. Rolls-Royce is reportedly close to a £100m–£200m government subsidy for a new aircraft-engine demonstrator, while a report warns planned battery projects still leave a potential 55 GWh annual supply gap by 2035. UK–Oman Partnership: A UK-founded firm is developing a data centre in Oman, with the first phase expected to exceed £1bn; the state visit also brought new commitments on investment and export finance. Scottish Firms: Rising wage bills helped cut pre-tax profits at Scotland’s largest owner-managed businesses by 15%, despite turnover growth.
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