AGP Executive Report
Last update: 6 hours agoInterest Rates: The Bank of England raised its base rate to 4% amid inflation concerns, putting fresh pressure on borrowers and businesses. Jobs: Hiring slowed in October, adding to signs the UK labour market is cooling. Starbucks, meanwhile, plans to recruit 7,500 people over five years as it targets 500 new UK shops by 2031. Retail: UK footfall fell 4.7% in October as bad weather kept shoppers away, while shop workers report rising abuse ahead of the Christmas rush. Small Businesses: The Federation of Small Businesses is urging the Treasury to rethink tax-payment changes that could leave sole traders facing two bills in 2029 and strain cash flow. Innovation: A decade of UK quantum research funding has helped create 74 spinouts and more than 2,000 skilled jobs, with £482m in associated private investment. Clean Energy: Onshore wind now has 16.4GW of capacity and supports 15,000 jobs; the industry says government targets could lift employment to 19,000 by 2030.
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