AGP Executive Report
Last update: an hour agoGrowth and Inflation: UK GDP rose 0.7% in the third quarter, its fastest quarterly increase since early 2024, with AI-linked services helping drive the expansion. But inflation is forecast to stay above the Bank of England’s target for years, and policymakers have warned interest rates may rise further. Business Costs: Firms face sharply higher electricity bills by the end of the decade, while construction output fell 0.7% in the third quarter. MPs also warned that businesses are closing every two minutes, adding to pressure on the sector. Jobs and Savings: The government is expanding its jobs guarantee scheme to offer more than 90,000 young people work, while new payroll savings schemes are set to reach over 500,000 UK employees.
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