AGP Executive Report
Last update: 3 hours agoJaguar Land Rover Restructuring: Business Secretary Jonathan Reynolds has ruled out a JLR bailout as the carmaker prepares a voluntary redundancy programme that could cut 4,000 jobs, with most losses expected in UK non-production roles. Jobs Market Pulse: KPMG and REC report a surge in job seekers in August, even as permanent hiring shows its first modest recovery in nearly four years. Housing Costs & Prices: Lloyds data shows UK house prices fell 0.4% year-on-year in August for the first time since Nov 2023, with buyers holding back amid higher borrowing costs and uncertainty. Northern Growth Funding: The British Business Bank will back a new up-to-£150m Northern scale-up fund for fast-growing firms across the North of England. Budget Tax Tensions: Ahead of Andy Burnham’s first Budget, economists and business groups warn against further tax rises, while London firms urge Healey to avoid extra burdens on the cost of doing business. Manufacturing Supply Strain: Make UK/Bishop Fleming warns family manufacturers face inheritance tax worries and high energy costs, while Fluke research highlights a spare-parts paradox driving maintenance delays. Finance Sector: Standard Life posts better-than-expected half-year profit, boosted by pension risk transfer demand. Payments Glitch Still Manual: A payments modernisation expert says dispute resolution remains slow and manual compared with instant settlement. Politics & Business Trust: Reform UK faces renewed scrutiny after a donations controversy, with internal comments likening the party’s processes to a “pirate ship.” Consumer/Household Relief: Octopus Energy says Burnham’s VAT cut on electricity will save typical households about £45 a year from October.
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