The AI endgame? Intelligence for the rich, slavery for the rest Opinion AI means “intelligence” is now directly correlated with how much money you can spend on compute. What does this mean for meritocracy?
‘This is dangerous’ – America’s new elites are opting out of society Opinion If you are fortunate enough to become wealthy, you have obligations to the society that made that possible. Americans have forgotten that.
HSBC set to axe UK wealth jobs as AI takes hold Banking HSBC is putting a raft of roles in its UK wealth division on the chopping block following a push to slash costs with artificial intelligence. Europe’s biggest lender is consulting on changes to its wealth management operations that would lead to a shake-up for hundreds of relationship managers and financial advisers across the UK. The [...]
Monument Bank boss: Wealthy Brits in ‘fear’ ahead of punishing Budget October 5, 2026 Wealthy Brits are in a state of “fear” ahead of the forthcoming Budget, according to a London bank chief, as economic turmoil and speculation of more punishing tax raids ramp up. Ian Rand, the boss of Monument Bank, said affluent Brits were raising concerns over “certainty” and “getting things wrong” when attempting to protect their [...]
Britain loses over half its billionaire wealth in two years October 5, 2026 Britain has shed more than half its billionaire wealth in the past two years, fresh research has shown, reviving fears over the scale of the UK’s wealth exodus just days after it emerged that one of the country’s richest men has moved to Monaco. According to an analysis of the Bloomberg Billionaires Index, super-rich UK [...]
James Reed: Celebrating wealth could energise young people September 30, 2026 Fostering a more supportive and celebratory culture around wealth creation could help inspire more young people, writes James Reed.
Will Airtel Money kickstart London’s IPO pipeline? September 24, 2026 London’s sluggish IPO market showed signs of a rebound on Wednesday as Airtel Money confirmed plans for a bumper listing – now the City is hoping it will get the domestic pipeline moving, writes Charlie Conchie. When Airtel Money’s chief executive spoke to City AM yesterday to discuss the launch of his African payment firm’s [...]
Costa del Court: City law firm follows wealthy Brits to Mallorca September 16, 2026 London-based family law firm AFP Bloom has opened an office in Mallorca to serve the growing number of British families relocating to the Spanish island. The law firm, known for its work with high-net-worth and international families, has opened a new Palma office, allowing clients to receive specialist English legal advice in-person on the island [...]
Wetherspoon boss Tim Martin attacks government’s ‘unfriendly’ attitude to business September 11, 2026 Wetherspoon boss Tim Martin has said he is “very concerned” by the wealth exodus gripping the UK as he hit out at Labour’s “unfriendly” attitude towards entrepreneurs. The pub tycoon said it is “madness” to blame the number of ultra-rich businesspeople leaving the country on anything other than the business conditions created by the government. [...]
Hedge fund billionaire Chris Rokos joins UK wealth exodus September 7, 2026 The hedge fund billionaire Chris Rokos has joined the ranks of ultra-wealthy residents in leaving the UK, in a decision likely to cost the government billions of pounds lost tax revenue. Rokos, the founder of his namesake investment firm Rokos Capital Management who paid more than £300m in tax last year alone, is leaving the [...]