AGP Executive Report
Last update: an hour agoInterest Rates: The Bank of England raised rates to 4% in its first increase since 2023, warning further rises may follow unless the Iran war ends and inflation eases. Trade: The UK and EU are nearing a food-trade deal to cut Brexit checks, with the government forecasting £5.1bn in annual benefits; Jersey is working to secure inclusion. Business: UK services activity hit an eight-month high, with hiring resuming after two years of job cuts. Energy and Investment: The government plans to end new North Sea oil and gas licensing, drawing concern in Aberdeen, while Edinburgh’s Spacelabs is investing £8.7m in research and development and expects to create 30 jobs. Car Market: Electric vehicles reached 32% of new-car sales in October, closing in on petrol cars at 37.2%.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.