Should we be worried about Instagram’s map feature? August 20, 2025 Instagram’s new location-sharing feature, dubbed ‘Instagram Map’, has been rolled out to 170m users, but a journey through the platform reveals a perplexing reality: it’s a digital ghost town. While Instagram’s parent, Meta, has billed the feature as a “new, light way to connect”, many users are finding themselves alone on the map, prompting a [...]
One in ten London homes would be hit by ‘mansion tax’ August 20, 2025 A tenth of houses in London would be hit by a ‘mansion tax’ on the sale of houses above £1.5m, according to new data. In London, 10.9 per cent of houses are worth over £1.9m, according to Rightmove, compared to just 1.6 per cent of houses outside the capital, with prices ballooning in the last [...]
Law firm partners’ pay rockets past rest of UK workforce August 20, 2025 Partners at British law firms have seen their income rise over twice as fast as the rest of the UK workforce over the last five years. According to data shared with City PM by Bowmore Wealth Group, the income of law firm partners rose 42 per cent to an average of £307,000 over the last [...]
‘Yesterday man’: How Powell’s Fed exit will open the door to Trump August 20, 2025 With Jerome Powell’s term as chair expiring in 2026, President Trump is closing in on Fed control after months of animosity, says Helen Thomas The great central banker jamboree takes place this weekend at Jackson Hole, Wyoming.This annual symposium organised by the US Federal Reserve brings together the top mindsin economic academic thought – and [...]
Gary Neville’s The Overlap and Mark Goldbridge win Bundesliga TV rights August 20, 2025 British Premier League YouTube character Mark Goldbridge and Gary Neville’s The Overlap will broadcast Bundesliga matches after the German top flight confirmed its rights structure. The personality, whose real name is Brent Di Cesare, has specialised in Manchester United hot takes for a number of years, often going viral for reactions to capitulations at Old [...]
Atom chair: Big banks don’t know their role in economic growth August 20, 2025 The chair of digital bank Atom has slammed Britain’s banking giants for failing to drive the country’s economic ambitions. Lee Rochford, who had tenures at Virgin Money, RBS and BNP before Atom, said it was “increasingly unclear what role [top banks] are playing in driving better customer outcomes or supporting UK economic growth”. Chancellor Rachel [...]
No more interest rate cuts expected as inflation runs ‘miles above target’ August 20, 2025 No further interest rate cuts are expected to be made this year after inflation in the year to July was higher than economists forecast. Markets had priced in a 50 per cent chance of an interest rate cut being made at the Bank of England’s November meeting before fresh price growth data was published on [...]
Brits call for VPN ban for minors to curb Online Safety Act loopholes August 20, 2025 A majority of Britons believe children under 18 should be banned from using Virtual Private Networks (VPNs) following a recent surge, a survey has found. Research from YouGov found that 55 per cent of the public supports a ban for minors, while only 20 per cent think they should be allowed to use them. This [...]
House prices recover after stamp duty hit August 20, 2025 House prices are rebounding from a post-April decline caused by Chancellor Rachel Reeves’ hike to stamp duty, official data has shown. The official house price index rose by 3.7 per cent in the year to June, according to the Office for National Statistics (ONS), which was higher than 2.7 per cent growth seen in May. [...]
Port Ellen cheers 200th year with Distillers One of One donation August 20, 2025 Last year, after four decades of closure, the iconic Port Ellen distillery reopened its doors just in time for its 200th anniversary. And to celebrate, the distillery has donated a one-of-a-kind bottle to the Distillers One of One auction. The Islay distillery closed in the 1980s, one of many victims of a crash that decimated [...]
