AGP Executive Report
Last update: 12 hours agoBanking Outages: Revolut customers were locked out of accounts and saw card payments declined during a service disruption; a separate Google Cloud issue also affected Lloyds, HSBC and RBS. Budget Watch: Chancellor John Healey has ruled out a capital gains tax rise, but reports point to a possible bank tax as firms warn that rising costs are squeezing profits and investment. Jobs & Economy: UK unemployment unexpectedly fell to 4.7%, yet vacancies dropped to 691,000, their lowest level since 2021, leaving a mixed picture ahead of next week’s Budget. SME Finance: Ignite Funding Partners has launched, offering established UK businesses loans of £1m to £25m for growth, acquisitions and refinancing. AI & Regulation: The FCA says the line between regulated and unregulated AI financial advice is blurring, while research finds AI capability gaps are already costing some financial firms business.
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.
Perspectify News
