AGP Executive Report
Last update: 19 minutes agoAutumn Budget: Chancellor John Healey’s first Budget offers eligible households a £100 energy payment and extends bill relief, while raising taxes on bank profits, savings and property income. The package aims to steady families and businesses as costs rise. Growth Outlook: The government has cut its 2027 growth forecast to 1%, with inflation expected to climb, leaving a difficult backdrop for the plan. Industrial Investment: A 10-year, £2.5bn government–Rolls-Royce programme will fund next-generation aircraft engines and UK aerospace research, with the potential to support jobs and future manufacturing. The Budget also earmarks more than £600m for AI, security and skills. Business Response: Homebuilder shares fell after developers judged the first-time buyer scheme too limited and slow to launch; wider business groups gave the Budget a mixed reception.
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