Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Thursday 26 March 2026 2:40 pm  |  Updated:  Tuesday 31 March 2026 4:41 pm

The Capitalist: RAC is not a roadside assistance firm

By: The Capitalist

Add as a preferred source on Google
RAC logo prominently displayed on a modern office building facade under a clear blue sky
RAC nearly floated on the London Stock Exchange a decade ago

Breakdown…in comms

The Capitalist was shocked this week after being approached by a spokesperson for RAC, telling City PM off for referring to the company as a roadside assistance firm in a recent story.

RAC is not, in fact, a roadside assistance firm, said the spokesperson, who was from PR company Brunswick.

Which is funny, because The Capitalist distinctly recalls a recent car breakdown and a concomitant visit from a van emblazoned with the letters ‘R’, ‘A’ and ‘C’, in that order, which pulled up by the side of the road and offered assistance.

As it turns out, RAC is in fact a “driving services firm” – roadside assistance is just one of its many “verticals”. This news left The Capitalist feeling horizontal: how many other descriptions might City PM have got wrong? It transpires that:

  • Wetherspoons is not a pub but a decentralised community hydration network;
  • Greggs is not a baker but an artisanal ambient pastry experience hub; and
  • Lovehoney is a human sensory optimisation solutions provider.

You learn something new every day.

Prince Harry’s mate brings jeopardy to City

Prince Harry’s former Eton College pal Charlie Gilkes is pitting corporates against one another with his latest Square Mile venture. He’s bringing Victorian-themed games to his Liverpool Street watering hole.

His Mr Fogg’s City Tavern in Broadgate Circle, near Liverpool Street, is launching a “Victorian-ised” set of games to play in their bars, taking inspiration from darts, bagatelle, mini golf and beer pong. The Capitalist isn’t sure how the Victorians could have “taken inspiration” from the 21st century, but perhaps we’re thinking a little too much about this.

Giles said that, true to their Victorian branding, “the experience is deliberately analogue rather than digital. There’s something wonderfully simplistic about marking your own score on a chalkboard.”

Read more

An apology to Keir Starmer

Keir Starmer

It follows the explosion of the new sector of ‘competitive socialising’ across the capital. Darts and shuffleboard bars are now passe, with the likes of contemporary bowls clubs and refreshed takes on beachfront arcades popping up across the City.

It is now a common Thirsty Thursday sight to see drunk businesspeople carry powder pink Fairgame teddy bears – a sign of a strong team player – around the St Paul’s area, their shirt having changed colour after sweating over hook-a-duck.

Swan bothering

Global trade advocate and Square Mile entrepreneur Farah London is one of the Londoners leading the charge in protesting against the removal of a swan’s nest in South Dock, Canary Wharf. She claims nesting is underway and its removal would be damaging.

Admirably, and exposing her business mind, to get things going she has “copied in His Majesty [the King]” to her press release to help it gain wider attention.

The Canal & River Trust said to be removing the nest didn’t immediately respond to us.

Reform civil war

In-fighting has begun at Reform, where one of the Old Guard is taking issue with a new Tory blow-in. “What Reform should do is stop taking Tory wets like you,” Reform candidate Matt Goodwin wrote on X.

He was responding to former Tory activist, now Reform supporter Tim Montgomerie’s call for Goodwin’s book to be investigated after he was accused of using AI to help write it. “All you do is criticise Reform and our campaigns,” Goodwin carried on, adding: “I have no idea why you are even in Reform unless it is to try and weaken it?” 


Read more

Tesco fuel sales drag up slowing growth

Tesco shares have reacted positively to the retailer's latest update.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Opinion

People & Organisations

  • Prince Harry
  • RAC
  • The Capitalist

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Barclays and Lloyds join banking sector plan for digital ID

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

More from City PM

  • An apology to Keir Starmer

    Business
    Keir Starmer
  • Tesco fuel sales drag up slowing growth

    Retail
    Tesco shares have reacted positively to the retailer's latest update.
  • As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran

    Markets
    Donald Trump addressing media at a press event, wearing a suit and tie, with reporters and cameras in the background.
  • Halfords eyes garage growth after wheels fall off cycling boom

    Retail
    Halfords store exterior showcasing signage and entrance, highlighting the brands presence in the retail automotive sector.
  • Soaring petrol prices and Devil Wears Prada 2 help consumer spending return to growth

    Economics
    Supermarkets have been accused of hiking petrol prices to artificially high levels
  • Glengarry Glen Ross at the Old Vic fails to close

    Life&Style
    Glengarry Glen Ross production at Old Vic Theatre showcasing intense business negotiations and dramatic performances
  • Taxpayers will foot the bill for Burnham’s renationalisation whims

    Opinion
    Andy Burnham speaking at Makerfield community event, addressing local issues and engaging with residents in a public setting.
  • KPMG scraps summer early Friday finish for staff

    Big Four
    KPMG hit with a new financial sanction

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM. All rights reserved.
About · Contact · Terms · Privacy