AGP Executive Report
Last update: 12 hours agoTokenised payments push: The Clearing House has picked Quant to power its On-Chain Money Initiative, aiming to clear and settle tokenised deposit transactions across institutions in the UK and beyond. Banking fraud warning: Lloyds says romance scams rose 24% year-on-year, with state pensioners aged 75-84 losing an average £9,051. Housing finance support: Andy Burnham’s “Your First Home” plan would use 2.5% deposits plus 20% government-backed equity loans for new-build buyers who can’t rely on the “bank of mum and dad”. Tax-free allowance debate: HMRC could face pressure to raise the personal allowance to £18,000, with petitioners arguing fiscal drag is pushing low earners into tax. Energy squeeze hits budgets: RAC reports UK diesel at a record 199.18p/litre, warning of knock-on costs for households and businesses. Northern Ireland funding: UK government sets out a £1.5bn+ package for the NI Executive, including extra funding, public service transformation and social housing. DWP jobs reform: DWP plans to expand a jobs guarantee for young people on health benefits from April 2027, with wage support and mentoring.
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