AGP Executive Report
Last update: 8 hours agoTax and Privacy: HMRC could demand taxpayers’ AI chatbot histories under proposed powers aimed at closing the UK’s £59bn tax gap. AI Payments: OpenAI’s new ChatGPT Wallet lets eligible US users authorize AI shopping purchases with a biometric check; the launch raises fresh questions about trust and control over card payments. Household Debt: US households added $166bn in debt in the third quarter, lifting the total to about $19.1tn. Mortgages drove most of the increase, though inflation-adjusted debt remains below its historic peak. Credit Cards: Rewards on routine bills can pay off, but only if you clear the balance monthly; interest can quickly outweigh the cash back. Savings: A one-year Treasury bill yielded 4.55% on Nov. 13, compared with the FDIC’s 1.76% average for 12-month CDs in October—worth checking against your bank’s rate. NS&I Payouts: The UK savings provider says £181.9m is still owed to 30,300 bereaved families after an account-tracing failure, with repayments expected to finish in the first half of 2027.
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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