AGP Executive Report
Last update: 4 hours agoBudget and Borrowing: Chancellor John Healey is preparing a cautious first Budget, with targeted help for households and businesses and more than £20bn for state-backed investment in AI, defence and green energy. But borrowing costs are at their highest in years, and polling points to widespread expectations of tax rises and a worsening economy. Business Pressure: A record 738,000 UK firms are in financial distress ahead of the Budget, while retailers warn rising costs could feed through to prices. Energy Investment: Elgin plans to invest £400m in UK solar and storage projects, even as MPs warn the Sizewell C nuclear deal could cost taxpayers and bill-payers far more than expected, with total costs potentially nearing £48bn.
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