AGP Executive Report
Last update: 9 hours agoInterest Rates: The Bank of England raised its base rate to 4%, the first increase since 2023, as inflation is forecast to reach 5% by mid-2027. Higher borrowing costs add pressure on small firms. Cybersecurity: The cost of Cyber Essentials has been cut by 75% to help small businesses improve their defences against online attacks. Business Rates: Budget plans raise the relief threshold for retail, hospitality and leisure businesses from £12,000 to £18,000, potentially easing bills for high-street firms. Mid-sized Firms: Rising wage costs are squeezing the UK’s “forgotten middle”, leaving businesses with less room to grow.
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