AGP Executive Report
Last update: 4 hours agoPrices and Public Finances: UK inflation rose to 3.5% in September, its highest in nearly a year, while government debt topped £3tn — sharpening pressure on the Chancellor ahead of the Budget. Energy Investment: Ministers approved the Jackdaw North Sea gasfield, citing jobs and energy security, and announced a £2bn Energy Wealth Fund using money redirected from the National Wealth Fund. The decision drew criticism from climate campaigners. Critical Infrastructure: Australian fund manager IFM is set to acquire a majority stake in Associated British Ports in a deal valuing the operator at about $13.4bn; its ports handle roughly a quarter of UK seaborne trade. Trade Links: During the Omani Sultan’s UK state visit, Prime Minister Andy Burnham praised Oman’s mediation and called for the Strait of Hormuz to reopen, while UK-GCC talks focused on turning the concluded free-trade agreement into stronger business and investment ties. Backing Start-ups: The British Business Bank and UK Business Angels Association launched a programme offering up to £400,000 per syndicate to broaden angel investment and improve funding access for underrepresented founders.
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