AGP Executive Report
Last update: 7 hours agoCost-of-living push: Andy Burnham kicked off his premiership by cutting VAT on household electricity bills from October, aiming to shave about £45 a year off average bills and framing it as “breathing space” for families. Public finance watch: The move is set to be funded by scrapping Keir Starmer’s £1.8bn digital ID plan, as ONS data shows unemployment holding at 4.9% and borrowing easing but debt still high. Business and jobs: The British Business Bank is progressing a proposed £100m aerospace supply-chain fund with Airbus, GKN Aerospace and Rolls-Royce, while Mitie agreed a £3.1bn takeover by OCS, reshaping the UK outsourcing market. Trade and diplomacy: Trump praised Burnham after their first call, touching North Sea oil, trade and Hormuz demining, and Burnham’s government also faces scrutiny over investor confidence as wealth-tax talk grows. Regulation and consumer: Ofcom is investigating TikTok’s age checks under the Online Safety Act, and the PRA fined HDI Global SE £4.2m for incorrect submissions. Local life and culture: West Midlands Mayor Richard Parker urged a Night-Time Economy minister as Burnham appoints an AI cabinet role.
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