Monzo chair makes early exit after boardroom rift Fintech 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 [...]
Jenrick: Welfare cuts worth £50bn allows us to ‘sustainably pay’ triple lock pension Politics 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 Banking 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 [...]
Virgin Trains gets green light for channel tunnel route August 17, 2026 Virgin Trains has moved a step closer to running train services between London and Paris, Amsterdam and Brussels, after the railway watchdog waved through its application to use the line connected London to the channel tunnel. The Office of Rail and Road (ORR) said on Monday it had given Sir Richard Branson’s train company the [...]
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 [...]
Burnham’s crackdown on ‘price-gouging’ splits supermarkets August 17, 2026 Tesco and Sainsbury’s have stood firm after the boss of Aldi hit out at loyalty discounts, as a “price-gouging” row threatens to divide British supermarkets. Giles Hurley, the chief executive of the discount grocer, has backed the government’s plans to clamp down on retailers which offer “misleading” discounts which do not offer real-terms value. Aldi [...]
Exclusive: Fulham launch £900 a head Michelin-guide recognised hospitality at Craven Cottage August 17, 2026 Premier League club Fulham FC will this week announce a Michelin Guide-recognised dining experience at their Craven Cottage home, Morning Wire can reveal. Adam Byatt-directed Constance – based at Fulham Pier under head chef Charlie Crote – will launch “Constance on Matchdays”, beginning next Monday as Alvaro Arbeloa’s Fulham begin their Premier League season against [...]
JP Morgan boss issues bank tax warning to John Healey August 17, 2026 The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial [...]
Ask the expert: Is this a hack for contributing £29,000 to an ISA? August 17, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know if they’ve found a hack on UK ISA rules. Q. My grandson is turning 18 this year. I want to give him some money to invest in his ISA. Is it true that [...]