AGP Executive Report
Last update: 6 hours agoGrowth and Budget: The UK economy grew 0.1% in August, beating forecasts, but exports fell 1.2%. The IMF has urged Chancellor John Healey to cut spending rather than tax banks, as lenders warn a proposed £2bn levy could hit the wider economy. Trade and Europe: France has dropped its opposition to UK participation in the EU’s “Made in Europe” rules, while ministers weigh closer coordination on tariffs for Chinese electric vehicles. Investment and Industry: Britain’s offshore wind supply chain could support 10,800 jobs, while casting projects have been valued at £14.6bn. Space and Security: Airbus says awarding the £2.4bn Skynet satellite contract to US rival Lockheed Martin could weaken the UK’s role in Europe’s space industry; the government has yet to decide.
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