AGP Executive Report
Last update: 11 hours agoBudget confidence: Business leaders’ revenue expectations fell to their lowest in 10 months after the Budget, while investment and hiring plans also weakened, an IoD poll found. Competition: The CMA is investigating whether Meta’s proposed terms for using publishers’ content, including for AI, could unfairly harm UK media and other businesses. Retail pressure: Poundland has appointed administrators, putting around 600 stores and 12,000 jobs at risk ahead of Christmas. Housing: UK house-price growth slowed to its weakest pace since January 2024 as mortgage costs rose. Industrial investment: The government pledged up to £1.25bn to help Rolls-Royce develop its UltraFan engine technology, with thousands of jobs expected from the wider project. Energy funding: Only £12m of a promised £200m grant for Scotland’s Acorn carbon-capture project is to be paid directly, with the rest switched to loans. Devolution: The government plans to give mayoral authorities a share of income tax from 2028 and increase their share of business rates, as it seeks to shift more economic power to local regions.
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