AGP Executive Report
Last update: 38 minutes agoEconomic Outlook: The IFS expects UK growth to slow from 1.4% this year to 1.2% in 2027, with inflation above target and energy costs adding pressure. It forecasts Bank Rate could reach 4.25% by February. Fintech Rules: The FCA has opened its authorisation gateway for crypto firms and will move fund applications and notifications online through Connect, starting on 2 November. Digital Money: The Bank of England says there is no rush to launch a digital pound, as private stablecoins and tokenised deposits develop. The Treasury has also named six banks to lead a government digital-bond pilot. Crypto and Courts: A High Court ruling puts potential Bitcoin gains at risk for thousands of fraud victims, while the UK has sanctioned three crypto firms over alleged links to Russian finance networks. Prudential Oversight: The PRA proposes updating eligible regulatory thresholds every five years in line with nominal GDP growth, with the first changes due in 2031.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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