AGP Executive Report
Last update: an hour agoInterest Rates: The Bank of England has raised rates to 4%, adding pressure on households and small firms; one homeowner told the BBC their monthly mortgage payments will rise by £260. Retail: UK supermarket sales bounced back in October, while Singles’ Day payment data showed UK spending up 30% in general retail and 24% in clothing compared with the previous Tuesday last year. Business and Jobs: The UK’s business count fell by 104,000, largely among microbusinesses and sole traders, as unemployment reached 4.7% and vacancies slipped to 691,000. Technology: Amazon won UK approval to expand drone deliveries, allowing its Darlington service to reach about 8,000 households and opening the way for wider expansion. Energy Workforce: The sector says it will need 360,500 workers by 2032, as a new jobs programme launches and industry leaders press the Government to unlock investment and growth.
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