AGP Executive Report
Last update: 21 minutes agoUK–India trade & investment: With the UK–India Free Trade Agreement now in force and Andy Burnham in No 10, coverage frames a “new chapter” for the relationship, with emphasis on growth, jobs and long-term partnership beyond Westminster. Northern Ireland cost-of-living gap: Burnham’s flagship measures—VAT relief on electricity, the £2 bus fare cap and 20% business rates cuts for hospitality—won’t apply in Northern Ireland, sparking political pushback over Windsor Framework and devolution limits. Banking & savings for SMEs: Flagstone says its business-savings panel has grown 37% in a year to 56 providers, with many accounts offering inflation-beating rates, as SMEs look to manage surplus cash more actively. Retirement planning pressure: Nest’s Centre for Inclusive Money and Monzo team up to tackle the self-employed retirement savings gap, citing low pension participation among sole traders. AI in financial services: HM Treasury’s Financial Services AI Adoption Plan lands with 10 recommendations, pushing for cross-regulator guidance and practical support for “agentic” payments. Markets & macro: UK borrowing costs jump as gilt yields rise, with investors warning Burnham “cannot afford to ignore” the risk premium. Healthcare deal: Affidea partners LIPS Healthcare to co-invest in a new multi-specialty clinic in southwest London, expanding out-of-hospital diagnostics and consultant-led services.
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