AGP Executive Report
Last update: an hour agoBank of England Watch: The BoE held Bank Rate at 3.75% but warned energy-driven inflation risks could push it higher, with CPI at 3.1% in August and forecasts pointing to inflation near/above 4% early next year. Household Finance: Savers are being urged to switch accounts after analysis suggested people could be missing out on up to £12bn a year by leaving cash in near-zero interest current and savings accounts. ISA/Lifetime ISA Rules: HMRC data shows 154,100 Lifetime ISA savers made unauthorised withdrawals in 2025-26, losing an average £3,088 each, while a separate HMRC update confirms £722 penalties for thousands. Public Money Pressure: MPs on the Public Accounts Committee demanded a credible long-term plan for British Steel, saying the nationalised firm is costing about £1.3m a day with no clear end date. Fintech & Payments: Adtech group Taboola agreed to buy UK rival Dianomi in a deal worth up to £27m, aiming to deepen its finance-focused performance advertising. Consumer Economy: ONS reported retail sales in Great Britain rose 0.5% in August, beating forecasts, helped by warm weather and online demand. Resale Tech: Quibly launched a UK resale marketplace using AI to generate listings in about 30 seconds, with payments and delivery handled inside the app.
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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