AGP Executive Report
Last update: 4 hours agoUK–EU Trade: London and Brussels have agreed a draft food and drink deal that could cut export checks and add an estimated £5.1bn a year to Britain’s economy. Food-Supply Security: Cyberattacks on supermarket refrigeration systems have spoiled stock across several European countries, prompting the European Commission to review retailers’ defences; UK suppliers have also reported impacts. German Industry: Schaeffler plans to cut about 3,460 European jobs as the auto downturn deepens. Business Confidence: European firms expect domestic and export sales to improve in 2027, but hiring expectations remain negative for a fourth year. Germany–UAE Investment: Leaders discussed expanding economic and energy ties, following the UAE’s pledge to invest €40bn in Germany. UK Public Finances: Britain’s debt-interest bill is forecast to reach £155bn in 2027–28, adding pressure to public spending and household finances.
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