AGP Executive Report
Last update: 2 hours agoUK economy beat forecasts: The ONS says GDP rose 0.4% in July (after 0.3% in June), driven by services and especially computer programming linked to the AI boom, giving Andy Burnham and chancellor John Healey a pre-Budget lift. Energy grid delay warning: The National Audit Office warns households could face about £100 more a year for energy by the end of the decade if the power grid upgrade slips, with knock-on costs from switching from wind to gas to prevent blackouts. Small business squeeze: A survey finds many UK small firms are delaying growth and cutting investment as energy bills and other costs bite. Labour paternity leave pressure: MPs are urging Burnham to expand statutory paternity leave ahead of the next Budget. Regulatory action on cold calls: Elderly Aids Ltd was fined £190,000 by the ICO for hundreds of thousands of unwanted cold calls. Healthcare deal: PureHealth is taking over parts of Unilabs’ UK lab network via Circle Health Group, expanding diagnostics capacity. Trade sanctions on settlements: The UK says it will ban goods from illegal Israeli settlements and target companies involved in settlement expansion, in step with a wider coalition including France and Canada. Transport investment: Burnham announced a £1bn order for 29 battery-electric TransPennine Express trains to cut journey times and boost capacity. Music industry push: AIM’s Gee Davy calls for an urgent government investigation into the economics of recording and releasing music.
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