AGP Executive Report
Last update: 5 hours agoEconomic Pressure: UK inflation climbed to 3.5% in September, its highest since November 2025, driven largely by fuel costs. The rise complicates next week’s Budget and has renewed expectations of an interest-rate increase; government debt has also topped £3 trillion for the first time. Crypto Rules: The FCA opened consultations on DeFi and crypto regulation ahead of a regime due in October 2027. Firms have until 18 November to respond. Startup Funding: The British Business Bank committed £2 million to Cambridge Capital Group to back early-stage UK technology firms through angel investment. Banking Resilience: A Google Cloud outage disrupted services at UK banks including Lloyds, Halifax and Revolut, renewing concerns about reliance on a small number of cloud providers. Payments Competition: The FCA is consulting on opening up Apple’s iPhone contactless technology, a move that could reshape access to tap-to-pay services.
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