AGP Executive Report
Last update: 3 hours agoBudget 2026: John Healey raised the small-business rates relief threshold from £12,000 to £18,000 for retail, hospitality and leisure firms, aiming to take 70,000 businesses out of rates. But business groups say the help is too narrow as wage and other operating costs rise. Hiring Costs: The National Living Wage will increase 3.9% to £13.21 an hour from April, adding pressure for employers already struggling to recruit. Supply Chain Opportunities: Babcock’s UK-Indonesia supplier event highlighted potential work for British firms in a maritime partnership, alongside opportunities in skills and technology. Business Resilience: Just 29.9% of Portsmouth businesses started in 2019 were still trading five years later, compared with 38.4% across the UK. SME Finance: British lender Lovey secured a £250m credit facility to support lending to UK companies.
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