The UK’s cost stack is choking business growth August 18, 2026 Much of the UK has faced a summer of sweltering temperatures as the country hasbounced from one unrelenting heatwave to another. Businesses know all too well that unrelenting feeling. A decade of constant cost pressures from domestic policy decisions has been hugely damaging. It’s a cost stack is chocking business growth. Before a pound of [...]
From China with Love: Xpeng’s Luxury Ambition August 17, 2026 China is changing the car industry at extraordinary speed. For affluent professionals used to proven premium brands, the next chapter of that transformation is becoming ever more challenging to turn a blind eye to, writes our motoring journalist Tim Barnes-Clay. I had seen more Chinese cars than you can shake a stick at before, but [...]
New Aston Martin Valen is a V12 Vanquish with added attitude August 17, 2026 Imagine you are one of Aston Martin’s wealthiest customers, looking for a new addition to your car collection. Do you have the Vanquish, an elegant, decadent GT with a full-cream V12 up front? Or do you choose the Valhalla, a fiercely focused supercar with a mid-mounted, hybrid V8? It’s a textbook example of what social [...]
Luxury London property developer collapses as housing market slows August 17, 2026 A luxury London property developer has collapsed after running out of funds, as the capital’s prime housing sector faces growing pressure. London Richmond Ltd, which describes itself as a “boutique” developer focusing on the “finer areas” of the capital, has appointed administrators, City AM has learned. In the latest sign that London’s prime property market [...]
Monzo chair makes early exit after boardroom rift August 17, 2026 The chair of Monzo will make an early exit from the UK fintech next month following a period of a turmoil in the neobank’s boardroom. Garry Hoffman will step down from his role as soon as next month, ending his tenure over a year earlier than his nine-year term permits. He will be replaced by [...]
Boomtown 2026 review: Surely the best party in the world August 17, 2026 Boomtown 2026 review and star rating: ★★★★★ Pirates are squaring up to one another, clenching their jaws as they prepare to strike blows. Hundreds are jeering around the ring, where the crowd have been whipped into a feverish mob. Villagers are peering from the rooftops to get a glimpse of the fight. But before long, [...]
Jenrick: Welfare cuts worth £50bn allows us to ‘sustainably pay’ triple lock pension August 17, 2026 Reform UK’s Robert Jenrick has said a £50bn welfare cut plan allows the state to “sustainably pay” for the triple lock pension. In a press conference on Monday, Jenrick said plans to strip welfare from around 3m people, including foreign nationals, would be the biggest overhaul of the benefits system in a generation. Jenrick said [...]
‘We have been ignored for most of our life,’ says FTSE 100’s newest bank August 17, 2026 Lion Finance thought of itself as the London Stock Exchange’s wallflower. But after its promotion the the market’s blue-chip index earlier this year, the bank is finally getting noticed. Shares in the group formerly known as Bank of Georgia have enjoyed a quiet ascent since the beginning of 2022. In that four-year window the stock [...]
On this day: Animal Farm is published August 17, 2026 On this day, 17 August, in 1945, with pro-Soviet sentiment rapidly fading in the UK, George Orwell's Animal Farm is finally published.
Goldman and Intel back $5.4bn AI video startup August 17, 2026 Goldman Sachs and Intel have backed AI video maker Higgsfield in a $400m (£295m) funding round that has more than quadrupled the two-year-old company’s valuation since January. The fresh funding values the startup at $5.4bn, up from $1.3bn just eight months ago, as investors pile into companies looking to turn generative AI into products businesses [...]