On this day: The collapse of Barings Bank February 26, 2026 On 26 February 1995, 31 years ago today, Baring Bank, one of the City’s most venerable institutions, was declared insolvent after a massive fraud by one of its employees, Nick Leeson, recalls Eliot Wilson In the 1990s, following the wake of Big Bang and the influx of brash but wealthy, “Greed is good, greed is [...]
The £1bn company with no staff? Why AI is a gift to Britain’s small businesses February 26, 2026 With branding built on Canva, market research synthesised in seconds or client decks as slick as McKinsey’s, could we say now that for the first time, a five-person firm can present like a 50-person one, and potentially undercut and outmanoeuvre larger rivals? Asks Eliza Filby In Silicon Valley, investors are salivating at the thought of [...]
There’s no evidence that social media is killing teens February 26, 2026 Kemi Badenoch would have you believe we are in the midst of a terrifying epidemic of teen suicide to which the answer is a social media ban. But the data tells a different story, says Tom Harwood Politics needs more weirdos and misfits. When former Downing Street chief advisor Dominic Cummings put out the call [...]
It’s a sad story from brewery to pub February 26, 2026 It was a balmy 17 degrees in the Square Mile yesterday, drawing crowds out for a lunchtime pint in the sun. But in other parts of the country the hospitality sector is still in the grip of winter. Bad news came thick and fast from my native Cornwall yesterday, starting with confirmation that Sharp’s Brewery [...]
Employment law changes could mean huge payouts for under-performing private equity execs February 26, 2026 Private equity often hires on a “perform, or else” basis, with senior executives are left exposed to deliver positive results (and fast). But changes to employment will make it harder – and more expensive – to sack anyone with more than six months’ service, writes Jade Gooding The challenges facing the UK economy continue to [...]
Show them the book: why politicians need to read more novels February 26, 2026 Leading historian Dominic Sandbrook has said declining reading habits of our politicians tells you everything you need to know about why they’re so inadequate. William Atkinson couldn’t agree more… Would Keir Starmer be a better Prime Minister if he went to bed with a good Trollope? That was the suggestion of Dominic Sandbrook – Britain’s [...]
James Reed: Youth unemployment crisis will have decades-long impact February 25, 2026 Those not working in their twenties are unlikely to start in their thirties. The youth unemployment crisis needs action, writes James Reed.
The Debate: Should AI be used to make hiring decisions? February 25, 2026 Would you trust AI to pick out your CV, or should hiring be left to humans? We hear the case for and against in this week's Debate.
Small business minister: we will unlock £1bn of local lending February 25, 2026 Community Development Finance gives small local business the funding and confidence they need to grow. That’s why this Labour government is launching a taskforce to expand the sector, say Blair McDougall and Bob Annibale The UK has long been home to an entrepreneurial spirit of creativity and innovation, from household names to neighbourhood heroes. Despite [...]
£40bn to restore Parliament? Maybe Guy Fawkes had the right idea… February 25, 2026 The reported £40bn cost of refurbishing the Palace of Westminster is not a serious proposal – it’s a distraction designed to outrage, writes James Ford We are all familiar with the Goldilocks principle of restaurant wine lists. Every wine list is part marketing ploy, part social gauntlet and pure psychological trickery. It is designed to [...]