AGP Executive Report
Last update: 9 hours agoPolicy Shock for Drivers: Rachel Reeves is set to change the 45p-a-mile HMRC rate for business travel, with a lower rate for the first 10,000 miles and different rates for motorcycles and bikes—aimed at cutting costs for employers and drivers. Cost of Living Push: She’s also rolling out free bus travel for children aged 5–15 across England for August, part of a wider “Great British Summer” package. Big Trade Move: The UK and Gulf Cooperation Council have concluded a landmark free trade deal, with claims of a near 20% boost to UK-GCC trade and tariff cuts for most goods. Tech & Payments: The Payments Association says 58% of UK merchants think AI agents are already making purchases, but liability rules still look unclear. Energy & Sanctions: The Bank of England warns supermarket price controls aren’t sustainable, while the wider economy continues to feel the Iran-war energy shock. Business Signals: BT says it’s losing fewer broadband lines and is growing FTTP coverage to 23m premises.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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