AGP Executive Report
Last update: 3 hours agoBusiness Pressures: The Bank of England’s rate rise to 4% adds to small firms’ borrowing costs, as the UK business population shrinks by 104,000, driven by fewer microbusinesses and sole traders. Marlborough’s 114-year-old Polly Tearooms has also closed, with its owner blaming rising costs and taxes. Public Contracts: A new £2bn public-works framework is designed to steer more contracts to regional firms, with up to 75% of places reserved for local contractors. Practical Support: East Sussex is offering free workshops on Google visibility, AI and cyber security; Eastbourne businesses can also join a solar scheme promising electricity up to 25% below current supplier rates. Finance: The British Business Bank is backing up to £200m for Capital on Tap, expanding a source of finance for small businesses. Shop Small: Small Business Saturday has launched its festive advert, encouraging shoppers to support independent firms.
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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