AGP Executive Report
Last update: 4 hours agoFinancial Regulation: The FCA has brought ESG ratings providers under UK regulation for the first time. Firms must seek authorisation from June 2027, ahead of rules taking effect in 2028. EU Trade: A draft UK-EU deal could remove most checks on food exports, easing costs and paperwork for businesses; its scope is still being considered ahead of an expected November summit. Energy and Jobs: Unions warn uncertainty over the future of the gas network could drive away skilled workers, risking infrastructure serving 24 million homes. Investment: Drax and partners are proposing a £20bn AI data centre near Selby, with an initial phase targeted for 2028 and hundreds of jobs said to be protected. Economic Outlook: UK services activity hit an eight-month high as hiring resumed after a two-year slump, fuelling expectations of an interest-rate rise. Household Bills: A proposed energy bill aims to scrap gas standing charges; around 60% of gas customers could save an average £45 a year.
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