AGP Executive Report
Last update: 3 hours agoBusiness Rates Relief: Andy Burnham has announced a 20% business rates cut for pubs, clubs and live music venues in England from April 2027, on top of earlier relief, expected to save the average pub about £1,100 and help nearly 32,000 venues, though hospitality groups say hotels and restaurants still need support. Labour Market Strain: New figures show 20.9% of working-age people (about 9.4m) are economically inactive, with unemployment rising and vacancies falling—setting a tough agenda for the new PM. Energy & Industry Policy: Burnham’s first moves also include scrapping a home electricity tax for at least six months, while Treasury chief John Healey is tasked with balancing cost-of-living relief against debt concerns. SME Cash Management: Flagstone says the number of banks offering business savings to SMEs has jumped 37% in a year, with many accounts now offering inflation-beating rates. Payments & Subscriptions: Ecommpay warns e-commerce subscription firms are losing around 9% of revenue to failed payments, as customers increasingly audit subscriptions. Trade & Geopolitics: Reuters reports Israeli banks are set to halt ties with Palestinian counterparts over terrorism-financing and money-laundering risks, raising fears of a Palestinian economic crisis. Hospitality Community Support: Warwickshire businesses are being urged to join the MyTime scheme, offering unpaid carers free leisure and wellbeing breaks. Manufacturing Pulse: The CBI reports UK manufacturing new orders fell at the fastest pace in six years, with firms squeezed by rising costs and weak demand. Defence Disruption: The UK has relocated a planned training exercise in Kenya after licences were not approved, amid wider tensions over immunity and financial disputes.
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