Business

Piers Morgan is edging closer to a £100 million valuation for his YouTube-driven media venture, Uncensored, after securing a major round of investment from some of the most influential figures in global media and finance.

Sky News has revealed that Morgan is finalising a fundraising of about $30 million (£22.5 million), giving Uncensored a pre-money valuation of roughly $130 million (£97 million),  a remarkable leap for a business built around a single, high-profile presenter less than a year after his departure from Rupert Murdoch’s empire.

The financing round brings in blue-chip supporters. The Raine Group, the powerful US merchant bank known for advising on the sales of Chelsea FC and Manchester United, is set to become a key shareholder, with co-founder Joe Ravitch expected to join the Uncensored board.

Greek media magnate Theo Kyriakou, who owns Antenna Group, is also investing, alongside a number of global family offices. Marketing veteran Michael Kassan is advising on advertising strategy and may invest personally.

A source close to the deal said confirmation of key details is imminent.

Morgan eyeing ‘billion-dollar’ valuation

While Morgan’s personal stake has not been disclosed, insiders estimate that the crystallisation of a $130m valuation puts his interest comfortably into the tens of millions.

The ambition, one figure said, is far higher: “The ambition is to grow this into a billion-dollar company within a few years.”

Morgan is already assembling a senior leadership structure to help scale Uncensored into a broader digital media group. Plans include launching multiple editorial “verticals” under the Uncensored brand, spanning sport, history, technology and potentially politics, with prominent hosts fronting each channel.

Morgan’s strategy has been bolstered by blockbuster audience numbers. Interviews with Cristiano Ronaldo and Novak Djokovic have generated hundreds of millions of views after the athletes reposted clips on social media.

The Uncensored YouTube channel now boasts 4.3 million subscribers, about half of whom are based in the US. A surprisingly small share of viewers are British, with notable followings in the Middle East, South Africa and Asia — a demographic spread that has convinced Morgan that global audiences will support journalism beyond traditional national silos.

His access to major political figures, including President Donald Trump, whom he has interviewed repeatedly, is also expected to play into Uncensored’s growing international appeal.

Morgan severed ties with Rupert Murdoch’s News UK earlier this year in a deal that handed him full ownership of the Uncensored channel. A four-year revenue-sharing arrangement now allows News UK to take a slice of advertising revenue until 2029, while Morgan focuses on turning Uncensored into a standalone powerhouse.

Previously, his contract with Murdoch saw him write columns for The Sun and New York Post, present for TalkTV, and publish his recent book Woke Is Dead with HarperCollins.

Morgan’s ambitious expansion comes against a backdrop of seismic shifts across the media landscape. Netflix this week agreed an $83 billion takeover of Warner Bros, while Sky is in talks to buy ITV’s broadcast arm, and the Daily Telegraph could soon join forces with the Daily Mail.

Traditional publishers such as Reach, owner of the Daily Mirror and Daily Express, now carry valuations as low as £176 million, barely double Uncensored’s emerging worth.

Morgan believes these market dynamics open the door for personality-driven media brands to thrive: “Owning the Uncensored brand allows my team and me the freedom to build it into a standalone business … It’s clear from the US election that YouTube is an increasingly powerful and influential media platform.”

This weekend, he added: “I am very excited that some of the most experienced and successful players in the global media industry share my ambitious vision for Uncensored. This is the future of modern media.”

Read more:
Piers Morgan’s Uncensored nears £100m valuation as heavyweight investors back global expansion

Infographics are among the most potent tools for digital marketing, education, and business communication. They convert complex information into visually engaging content that is easy to comprehend and communicate.

Nevertheless, manual preparation of infographics may need graphic design skills, specialized software, and a lot of time.

CapCut’s AI Image Generator is a breakthrough that lets users create high-quality images with a simple text prompt. The visual graphics created by marketers, educators, and business professionals are fast and stunning, without taking too long to produce graphics of professional quality. This tool makes the design process very easy, since infographics are not only attractive but also informative and in line with your brand.

How AI Image Generator Transforms Infographic Creation

Infographics have to combine both aesthetics and clarity. Conventionally, this task requires not only design skills but also data visualization skills, which may be difficult to possess among non-designers. The AI Image Generator provided by CapCut fills this gap, as the descriptive instructions are translated into images that are visually consistent and are already ready to be presented, used in social media, blogs, or marketing campaigns.

With the help of AI-generated images, the user will be able to test the layout, the color scheme, and the style of data representation. This elasticity enables creative experimentation without a lot of manual editing. Also, AI-created infographics will be consistent throughout various campaigns or educational resources, which is another feature of professional branding. In general, the AI Image Generator of CapCut simplifies the process of organizing infographics and makes high-quality products in a fraction of a second.

Access Complex Data

The AI-based infographics will help to break down complex data and enable the audience to learn about the important aspects. Storytelling can enhance retention and engagement, so that when people hear about your data, they make a good impression.

Enhance Visual Appeal

Artificial graphics produced by AI can draw attention better than conventional charts or tables. Having various style choices and control over output, users can develop informative and attractive infographics.

Key Features for Infographic Creators

Image generation: Text-to-image generation converts data descriptions or concepts into refined infographic visuals in a short period of time.

Several visual styles: Choose between realistic, minimalistic, modern or artistic style to fit the target audience or platform.

High-resolution images: Export images which can be used in presentations, social media, websites or print.

Quick production: Produce hundreds of variants within seconds and can be optimized and experimented with quickly.

Reference image support: Provides reference images or charts to instruct AI to gain a precise depiction of complex information.

CapCut integration: Polish graphics with editing tools to make sense, be professional and branded.

How to Use CapCut’s AI Image Generator tool to create infographics.

Step 1: Open CapCut Desktop

Install CapCut, in the event you do not have it already. Select a new workspace in which to create an infographic by clicking on the Create project.

Step 2: Create an AI image

Navigate to “Media” > “AI image”. Type a detailed prompt about the desired infographic, including the most important data or visual preferences.

Select a Model: Nano Banana Pro, Seedream 4.0, Seedream 3.0, Seedream 3.1, Flux 1.1 Pro

Then you need to add reference images to direct the AI towards more precise images. Select an aspect ratio that you would like to use (e.g., 16:9) and press “Regenerate” to create 3-4 variations. Choose the one that looks the best and edit it with the AI editing tools of CapCut.

Step 3: Export and share

Look at the three horizontal lines on the top of the preview panel, and you can see them by clicking. Click on “Export” still frames and then input the name of a project, the resolution (4K or 8K), and click on “Export”. You may now present your infographic on the presentations, websites, or social media campaigns.

Practical Tips for Creating Infographics with AI Image Generator

Add explicit data points

Make sure that your prompts define the most important statistics or information so that it can be represented correctly.

Try other layout styles

Experiment with the layouts to identify the most readable and interesting layout.

Experiment with layout styles

Include sample charts or graphics to promote AI in enhanced accuracy.

Optimize to platform

Automatically adjusts aspect ratios and resolution to fit social media, presentations, or print.

Enhance with CapCut tools

Enhance your infographics by adding icons, text labels, or visual effects effortlessly with CapCut’s AI logo generator and editing tools.

Conclusion

AI Image Generator CapCut is a highly efficient and fast tool for producing professional and aesthetically pleasing infographics.

It converts descriptive prompts into visuals of high quality and, therefore, foregoes investment in sophisticated designers or expensive software, enabling marketers, educators, and business people to concentrate on content strategy and communication.

The possibility of experimentation with the styles, colors, and layouts makes sure that the infographics are not only informative but also interesting and in line with your brand.

The AI Image Generator produced by CapCut will be of high resolution to be used on the web, social media, or print, and will streamline the process of generating an infographic, save time, and make the content engaging to the audience.

Read more:
How to make eye-catching Infographics using AI Image Generator at CapCut

Many drivers assume that familiar routes are inherently safe. Daily commutes or local errands rarely inspire caution, yet ordinary roads can hide hazards that are easy to overlook.

Potholes, worn road markings, and unexpected debris contribute to accidents that seem sudden but are often preventable. Awareness alone does not always guarantee safety, but recognizing that routine does not equal harmlessness is a first step in protecting yourself and others.

Unexpected events can arise in the blink of an eye. Even experienced drivers who follow traffic rules can find themselves in situations beyond their control. A car swerving to avoid a minor obstacle can trigger collisions with other vehicles, and poorly maintained infrastructure can turn an otherwise smooth journey into a dangerous scenario. These realities underscore the importance of attention, preparedness, and respect for every moment behind the wheel.

Beyond the obvious risks, ordinary roads often contain subtle dangers that accumulate over time. Drivers may not notice the gradual wear of road surfaces or the small changes in traffic patterns until a minor miscalculation results in a crash. Local intersections can develop hidden blind spots, and temporary construction zones can create unpredictable hazards. Recognizing these incremental threats and adapting to them requires mindfulness, patience, and a willingness to adjust speed and positioning continuously.

How Minor Mistakes Lead to Serious Consequences

Small lapses in judgment, such as misjudging a turn or momentarily taking eyes off the road, can result in major accidents. Even a brief distraction, like checking a phone notification or adjusting music, creates a window for danger. These micro-mistakes illustrate how fragile safety can be on everyday roads, emphasizing the need for constant vigilance and responsible driving behavior.

In addition, according to a law firm, environmental factors often amplify the risks associated with minor errors. Rain-slicked streets, fading sunlight, or sudden road closures can transform a simple miscalculation into a severe collision. Drivers must account for conditions beyond their immediate control, understanding that caution is not just about following rules but anticipating variables that can escalate small issues into significant accidents.

The consequences of minor mistakes extend beyond the moment of impact. A fender bender can trigger chain reactions, delay emergency services, and cause secondary accidents. Emotional responses to incidents, such as panic or frustration, may impair judgment further and create additional risks. Awareness of the ripple effect of small errors encourages drivers to approach every situation with deliberate care and respect for the potential outcomes.

The Human Side of Accidents

As mentioned by one legal practice, car accidents are never just statistics; they affect real people and families. The physical injuries, emotional stress, and financial burdens that follow a collision linger long after the vehicles are removed from the scene. These impacts can change routines, affect work, and alter relationships, reminding everyone that consequences extend beyond immediate damages.

Recovering from an accident often requires more than medical attention. Emotional and mental well-being are critical, as trauma can manifest in anxiety, fear of driving, or persistent stress. Awareness of these human factors is essential when discussing road safety. It emphasizes that the true cost of accidents cannot be measured solely in repair bills or insurance claims but in the broader disruption to lives and communities.

In addition to the personal consequences, accidents can affect wider social and economic networks. Family members may need to provide care or alter their schedules, while employers face reduced productivity and workplace disruptions. Community resources, including healthcare and emergency services, may experience increased strain following multiple incidents. Recognizing these extended effects reinforces the importance of preventative measures and collective responsibility on the roads.

Planning Ahead for Safer Journeys

Proactive measures are crucial for minimizing risks. Routine vehicle maintenance, such as brakes, tires, and lights, ensures that cars perform reliably in challenging situations. Beyond the vehicle, drivers benefit from planning routes, considering weather, and avoiding unnecessary distractions. These practices enhance reaction time and reduce the probability of accidents on roads that seem familiar and safe.

Education and community awareness also play a role. Drivers who participate in defensive driving courses or local safety programs develop a mindset that prioritizes caution and foresight. Sharing information about accident hotspots and traffic trends strengthens community knowledge, contributing to safer roads for everyone. While accidents cannot always be avoided, preparation creates conditions that favor survival and minimize harm.

Roadside conditions and urban planning add another layer to safer travel. Well-lit streets, clear signage, and properly maintained pedestrian areas reduce surprises that can lead to accidents. Engaging with local authorities to report hazards or advocate for improvements helps create an infrastructure that supports safe driving. Considering both personal preparedness and community initiatives makes a meaningful difference in reducing accident risks on everyday roads.

Support After an Accident

After a car accident, the way people respond can influence recovery outcomes. Seeking medical care promptly is crucial, even if injuries appear minor. Delaying treatment can exacerbate physical problems, and early attention ensures documentation of injuries for insurance or legal purposes. Support from family, friends, and professionals also aids in emotional and practical recovery, allowing those affected to regain stability more quickly.

Additionally, legal guidance can help navigate the aftermath of an accident. Understanding rights, insurance claims, and liability can prevent complications and ensure fair treatment. Having trusted advisors available reduces stress and allows victims to focus on health and well-being rather than procedural confusion. This integrated approach demonstrates that recovery involves both practical and human-centered considerations.

The process of recovery extends beyond immediate medical and legal attention. Victims often need ongoing physical therapy, counseling, or financial support to restore their previous quality of life. Community programs, support groups, and advocacy networks provide essential assistance for those struggling with long-term consequences. Recognizing the multifaceted nature of recovery ensures that individuals are not left to face challenges alone.

Protecting Yourself and Others

Safety extends beyond individual vigilance to shared responsibility on the road. Drivers, pedestrians, and community planners each play a role in minimizing risk and fostering environments where accidents are less likely. Awareness, preparation, and responsive actions collectively create a safer network for everyone using ordinary roads.

Ultimately, preventing accidents is a continuous process. Consistent attention, responsible habits, and proactive measures ensure that everyday journeys remain secure. When drivers recognize that ordinary roads can carry unexpected consequences, they are empowered to protect themselves, their passengers, and the wider community. These efforts create a culture of care that benefits all who share the road.

Long-term changes in behavior and attitude solidify lasting safety. Practicing mindfulness while driving, staying informed about local road conditions, and encouraging others to adopt careful habits reinforces a communal approach to prevention. By combining personal responsibility with advocacy for safer streets, communities can cultivate environments where fewer accidents occur and the well-being of all road users is prioritized.

Read more:
When Ordinary Roads Lead to Unexpected Consequences

Choosing the right traditional radiators can feel a bit tricky at times. Many of us spend hours researching to figure out what sets budget-friendly options apart from high-end boutique designs.

In this guide, we’ll look at materials, styles, heat output, and more to help you make an informed choice. Read on to see which option suits your home best!

Key Takeaways

Budget radiators are affordable and practical, using basic materials like steel, with limited designs and heat output ranging from 1001 to over 8000 BTU.
Boutique radiators use premium materials like cast iron, offer custom finishes (e.g., brass or gold), sizes up to 2001mm+, and can reach over 10,000 BTU for larger rooms.
Budget models lack customisation and focus on standard options; boutique ones provide superior craftsmanship, hand-finishing, and unique styles like ornate patterns.
Prices range widely: budget radiators start at £41 while boutique models can go up to £1,729 depending on features such as durability or design flexibility.
Choosing a radiator depends on your needs budget works for simplicity; boutique adds long-term value with advanced quality and aesthetics.

Key Features of Budget Traditional Radiators

Budget traditional radiators are simple and get the basic job done. They use standard materials and focus on heating without breaking the bank.

Basic material quality

Most budget traditional radiators use steel. This material is lighter and cheaper than cast iron. While it’s durable enough for basic needs, it lacks the heavy-duty feel of premium options like cast-iron column radiators.

A standard example is a 600 x 249mm White Horizontal Traditional 2 Column Radiator priced at £79.99.

Finishes are limited to basics like white, anthracite, or black. There’s no customisation or hand-finishing involved in these models either. They meet functional needs but offer little in variety or refinement.

Limited design options

Budget traditional radiators stick to simple designs. They focus on popular sizes and styles for practicality, not fancy finishes. For widths, they range between 0mm–300mm in 182 options; heights offer 52 choices within the same range.

That’s not much variety compared to boutique models.

We see limited colours like white, black, anthracite, raw metal or pastels. Odd shapes or intricate designs are hard to find here. Horizontal and vertical options exist but stay standard without ornate details.

Most panel types fall into double or triple columns only. Customisation? Nearly non-existent!

Standard heat output

Heat output in budget radiators ranges widely, between 1001 to over 8000 BTU. These models cater to standard room sizes and typical insulation levels. Their focus leans more on practicality than advanced heat retention features.

The wattage for these options starts at 0–500, with about 169 items available in this range. Those needing higher power have up to 59 models exceeding 5000 watts. They rely on basic thermal conductivity through hot water pipes and convection to distribute heat evenly across the space.

Characteristics of Boutique Traditional Radiators

Boutique radiators are all about elegance and top-notch quality. They bring style and function together, creating something truly special for your home.

Premium materials and craftsmanship

Cast iron sets boutique radiators apart. It comes from foundries in Europe and China, giving each piece strength and charm. This material stores heat well, keeping rooms warm even after the heating is off.

That longevity saves energy while adding comfort.

Every designer radiator undergoes hand-finishing for a polished look. Some even feature ornate details that boost home style. Each one gets inspected for quality and performance, ensuring it meets high standards.

These radiators are more than heaters; they’re lasting investments in beauty and durability.

Customisable finishes and sizes

We love how boutique radiators let us pick from so many finishes. From polished bare metal to bronze, brass, copper, or even gold, there’s something for every style. If bold colours catch your eye, options like black, blue, yellow or custom RAL paints are also up for grabs.

Some brands match their finishes to well-known paint makers like Farrow & Ball and Little Greene. It’s like painting a fresh canvas but with heat!

Sizes are just as flexible. The Beaumont Rococo Classique Cast Iron Radiator offers 76 sizes in total with 12 finishes to boot. Need something smaller? The Lux Heat Horizontal Column model starts at £202 and comes in 29 size choices paired with 23 stunning shades.

Heights can go beyond 2001mm if needed; widths stretch over that too! You won’t find cheap designer radiators offering this much freedom anywhere else!

Enhanced heat efficiency

Boutique traditional radiators often outperform budget options due to their materials and design. Cast iron models retain heat longer after switching off the system. This material’s density slows cooling, keeping rooms warm for extended periods.

Large surface areas also boost heat transfer, allowing a better flow of warmth across spaces.

Some boutique radiators can deliver over 10,000 British Thermal Units (BTU), making them ideal for larger or high-ceilinged rooms. These premium pieces are favoured by architects and heating experts handling older properties where consistent heating matters most.

Advanced craftsmanship ensures efficiency without compromising style—true warmth with sophistication!

Comparing Durability and Longevity

Cast iron radiators stand the test of time. Their durability is unmatched, making them a smart long-term choice. All models come with a 10-year warranty, providing confidence from day one.

The material resists wear and retains heat longer than other options. This ensures warmth remains even after turning off the heating, helping to save energy in the process.

Every boutique radiator undergoes a quality check by experts before leaving the shop. These are crafted to last and perform reliably for years to come, adding lasting character to homes in the process.

Vintage restorations demonstrate how well they endure over decades. They’re an investment worth every penny for both period properties and modern spaces alike!

Design and Aesthetic Differences

Some budget radiators stick to plain, predictable designs. They prioritise function but rarely add charm to a room. Boutique models turn heads with their intricate details and artistic flair.

Options like the Beaumont Rococo Classique stand out with ornate cast iron patterns that suit Victorian terraces or National Trust properties.

We enjoy the freedom boutique styles offer. Custom finishes, including shades inspired by Farrow & Ball, help create cohesive interiors. Antique brass or pewter thermostatic valves complement these designs perfectly.

Bold colours like blue or copper let us match radiators to modern decor while preserving timeless appeal. These are more than heaters; they’re statement pieces enhancing both warmth and style in any home.

Cost and Value Comparison

Let’s break down the cost differences and show the value of budget versus boutique traditional radiators in a simple table, so it’s easier to see where your money goes.

We’ve gathered a range of prices to help you make sense of the spectrum. Here’s how budget and boutique traditional radiators stack up on cost and value:

Type
Example
Price
Key Value Points

Budget
Planet Radiators 2 Column Horizontal Radiator
£41
Affordable option; basic materials; standard designs

Boutique
3 Column Cast Iron Radiator (450mm)
£201.60
Premium cast iron; durable; classic aesthetics

Boutique
4 Column Cast Iron Radiator (810mm)
£249.60
Higher heat output; superior build; vintage appeal

Boutique
Cast Iron Radiator
£134.00
Available in 76 sizes; 12 finishes; elegant design

Mid-Range
Horizontal Column Radiator
£154.00 (on sale from £244)
Balanced cost; versatile design; modern style

Boutique
Column Antique Brass Vertical Radiator
£331.00
Antique finish; vertical space-saving; distinctive look

Boutique
Horizontal Antique Brass Radiator
£222.00
Horizontal design; sturdy; timeless finish

High-End
Top-tier boutique radiators
Up to £1,729
Custom-made; unbeatable quality; ultimate luxury

From £41 up to £1,729, there’s a radiator for every need and budget. Budget models focus on practicality. Boutique ones add layers of refinement, flexibility, and craftsmanship. It all comes down to what fits your room, preferences, and wallet best.

Factors to Consider When Choosing

Choosing the right radiator can feel like a tough decision, especially with so many options. We’ve outlined key factors to help make it easier for you.

Room Size and Heat Needs
The size of your room decides how much heat you need. Use a BTU calculator to match the flow of heat to the space’s requirements.
Material Quality
Different radiators use materials like steel, iron, or aluminium. Boutique options often have higher-grade materials, which last longer and perform better.
Design Options
Budget models stick to basic styles, while boutique ones offer customisable finishes, unique colours, and sizes to suit your decor.
Heat Output
Think about how well a radiator heats up your room. Higher quality radiators are crafted for better efficiency and warmth distribution.
Durability
Premium models tend to handle wear and tear better than budget-friendly alternatives because of stronger craftsmanship.
Space Needed for Installation
Measure carefully before buying! Radiators vary in height and width, ranging from 0–2001mm+. Make sure you choose one that fits your spot perfectly.
Cost vs Value
Cheaper isn’t always better long-term. A boutique radiator may cost more upfront but could save money with lower maintenance over time.
Extra Accessories Available
Look into accessories like valves or heating elements for added functionality Planet Radiators offers plenty of extras for all needs.
Delivery and Support Perks
We all love free perks! Many brands include free UK delivery and price matches on most products plus award-winning support 24/7 online.

Make these points part of your checklist!

Conclusion

Budget and boutique traditional radiators each serve their purpose. Budget options keep things simple and affordable. Boutique ones offer luxury, style, and durability. Both works to warm your space, but the choice depends on what matters most to you: cost or elegance? Either way, there’s something for everyone.

FAQs

What’s the main difference between budget and boutique traditional radiators?

Budget radiators are often simpler in design, using basic materials to keep costs low. Boutique options focus on premium finishes, intricate details, and higher craftsmanship.

Are boutique traditional radiators worth the extra cost?

If style is important or you want a radiator that adds character to your space, a boutique option might be ideal. Budget models are better for practicality and tighter budgets.

Do budget radiators perform as well as boutique ones?

Performance depends more on size and heat output than price tag. Both types can heat efficiently if chosen correctly for your room size.

Can I tell them apart just by looking?

Yes, usually! Boutique designs often feature elegant shapes or polished finishes that stand out. Budget models tend to have plainer looks with fewer customisation options.

Read more:
Can You Spot the Difference Between Budget & Boutique Traditional Radiators?

A global race for AI supremacy may now hit consumers squarely in the wallet, with experts warning that laptops, consoles and even everyday business tech could rise in price by £300 or more after OpenAI tied up a vast share of the world’s memory chip supply.

Over the summer, a 32GB memory kit retailing at around £100 jumped to more than £400, after OpenAI quietly secured agreements giving it priority access to 40% of global high-performance memory production as part of its Stargate supercomputing project.

In October, OpenAI confirmed deals with Samsung Electronics and SK Hynix to obtain roughly 900,000 memory chips per month — a scale so large that chipmakers and PC manufacturers had been bracing for a crunch. Some stockpiled inventory early. Those who didn’t are now facing explosive price rises.

Framework, the highly regarded modular laptop maker, pulled its standalone memory products entirely, citing fears of “scalpers” and warning that its component pricing will soon need to increase.

Smartphone makers are caught in the same squeeze: flagship Android devices now routinely carry 12GB to 16GB of RAM. Those costs, manufacturers say, will either be passed directly to shoppers or further erode margins already under pressure.

Colette Mason, author and AI consultant at Clever Clogs AI, said the public had been sold a fantasy that AI would make technology cheaper and more accessible.

“We’ve been told for years that AI will democratise everything. But then OpenAI hoovers up 40% of global memory supply and your laptop costs £300 more. That’s not democratisation.”

She warned that the people hit hardest would be students, small business owners and pensioners – those who rely on affordable, functional computers to participate in work, education and daily life.

“Meanwhile, OpenAI gets priority access whilst everyone else fights over scraps at triple the price,” she said. “This is automation’s ugly cousin: infrastructure imperialism.”

Rohit Parmar-Mistry, founder of Pattrn Data in Burton-on-Trent, said UK businesses will absorb the fallout long before they see any benefit from bleeding-edge AI.

“A 300% hike in memory costs isn’t just a headache for gamers. It’s a direct hit to overheads for every small business trying to upgrade their fleet.”

He noted that manufacturers are reluctant to ramp up production, anxious about overshooting demand, which means scarcity, and high prices, could persist.

“If the hardware needed to run a business becomes a luxury item, then the AI running on it had better deliver serious value. Right now, we’re paying premium prices for potential, not performance.”

Patricia McGirr, founder of Repossession Rescue Network, said the public was being priced out of basic digital participation.

“A basic memory upgrade now costs more than a month’s rent for some households. One project locked down a massive share of global supply and the rest of us are left scrambling.”

She criticised the absence of regulatory oversight, arguing that no thought had been given to the social consequences of sudden hardware inflation.

Kate Underwood, founder of Kate Underwood HR & Training, said small employers were already struggling with outdated laptops and growing complaints from staff.

“It makes the business owner look tight when you can’t upgrade equipment, but now you’d need to sell a kidney to refresh your IT. Seems we now have an AI tax on top of everything else Rachel from Accounts handed out in the Budget last week.”

Can consumers fight back? Possibly, but only if they stop buying new tech

Mitali Deypurkaystha, human-first AI strategist at Impact Icon AI, said that while chipmakers have tightened supply, consumers do still have leverage.

“Most of us don’t need the latest memory to benefit from AI, it runs in the cloud. If we refuse inflated prices and buy older or second-hand components, we send a clear signal by hurting profit margins. We’re not as powerless as they think.”

Asked about concerns raised by UK business owners, OpenAI referred to earlier comments from CEO Sam Altman, who framed the Korean manufacturing deal as essential to global AI progress:

“We’re excited to work with Samsung, SK Hynix and the Korean government through our Stargate initiative to support Korea’s AI ambitions.”

For millions of consumers and small businesses now facing hardware costs three times higher than a few months ago, the question is not whether AI will transform the future, but who will be left able to afford the devices needed to access it.

Read more:
Your next laptop could cost £300 more after AI land-grab triggers soaring memory prices

Netflix has agreed a £54 billion deal to buy Warner Bros, setting the stage for one of the biggest and most transformative mergers the entertainment industry has ever seen.

The streaming giant confirmed on Friday that it had reached a $72 billion agreement to acquire Warner Bros Discovery’s storied film and TV assets, including HBO — the home of Succession, The Last of Us and Game of Thrones.

If approved by US regulators, the takeover would redraw the competitive map of global entertainment, blending Hollywood’s century-old studio system with the world’s most powerful subscription platform. The merger process is expected to run into 2027 due to intense antitrust scrutiny.

As part of the deal, Discovery Global, operator of CNN and several major US networks, will be separated from Warner Bros. HBO, Warner Bros Pictures and the vast DC, Harry Potter and Looney Tunes catalogues will move under Netflix’s control.

Greg Peters, Netflix’s co-chief executive, said the acquisition marked a landmark moment for the industry.

“Warner Bros has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities,” he said. “With our global reach and proven business model, we can introduce a broader audience to the worlds they create, give our members more options, and strengthen the entire entertainment industry.”

The deal concludes a fierce US bidding war, with Comcast, owner of Sky, and Paramount’s Skydance also vying for the House of Harry Potter, Batman and HBO.

It also reflects a deeper anxiety running through the global media sector, as streaming economics shift, cinema attendance remains inconsistent, and AI technologies reshape production, writing and acting. Consolidation is seen as a lifeline for legacy studios struggling to match the scale of digital-first platforms.

Comcast is simultaneously reported to be in advanced discussions to acquire ITV’s broadcasting arm for around £2 billion, in another sign of accelerating consolidation. The deal would place ITV1, ITV2 and streaming service ITVX under the umbrella of the US media giant that owns NBCUniversal. ITV Studios, the more profitable production arm behind Love Island and major international dramas, is not included in the talks.

Netflix’s takeover of Warner Bros, a studio founded in 1923, marks a symbolic passing of the torch from Hollywood’s old guard to Silicon Valley’s new titans. And if regulators approve the merger, the biggest streaming platform on the planet will soon hold one of the deepest and most valuable catalogues ever assembled.

Read more:
Netflix seals £54bn takeover of Warner Bros in era-defining entertainment shake-up

A Labour minister has delivered a startlingly candid assessment of life for young people in Britain, declaring that for many, “life is s**t”.

Josh Simons, the parliamentary secretary for the Cabinet Office and co-founder of the Labour Growth Group, made the frank remark on X in response to new analysis highlighting the soaring costs of housing and raising a family.

Reacting to a report from The Times showing that bringing up a child now costs almost £250,000 over 18 years, Simons said well-educated adults aged between 20 and 40 found it “IMPOSSIBLE” to save for a home and afford to have children.

“Young people wanting a family while dealing with this cost pressure are having a s**t time,” he wrote, adding that the UK’s falling birth rate was a “BIG problem” that deserved more political attention. Simons said he “could vouch” for the financial strain personally as both an MP and a PhD holder — highlighting that even high-earning professionals were struggling.

According to MoneyFarm, parents now spend around £65,016 on teenagers alone between ages 15 and 18. Meanwhile, the UK fertility rate fell to a record low of 1.41 children per woman in 2024, with the steepest declines among women aged 25 to 29, the very group Simons referenced.

But the picture may worsen. Decisions taken by Simons’ government colleague, chancellor Rachel Reeves, mean young professionals will face a significantly heavier tax burden over the next five years.

Business Matters analysis found that a graduate earning 50% above the median wage who turned 30 in 2020 will pay half as much in tax and student loan repayments as someone earning at the same level who turns 30 in 2030.

The widening gap is driven largely by Reeves’ decision to freeze income tax thresholds until 2031, a move that will drag millions into higher tax bands through fiscal drag.

Separate data from The Economist found that so-called AVOCADOs – Aggrieved Victims Of Crushing Academic Debt Obligations – now face punitive marginal tax rates. A 30-year-old with a master’s degree earning £30,000 can face a 43% marginal rate once loan repayments are factored in, while someone over 66 earning the same salary pays just 20%.

At the same time, labour market conditions for young adults are deteriorating. Graduate hiring is weakening faster than the wider economy, according to new data from Indeed and other recruitment platforms.

Economists have pointed to Labour’s rise in the national living wage and a £25bn increase in employers’ national insurance contributions — described by critics as a “stealth employment tax” — as key factors contributing to hiring freezes and reduced entry-level opportunities.

With house prices still outpacing wage growth, childcare costs among the highest in the OECD, and taxes rising sharply for working-age earners, Simons’ blistering diagnosis may resonate more widely than Labour might wish.

Read more:
Labour minister admits ‘life is s**t’ for young adults as housing, childcare and taxes squeeze living standards

One of Britain’s biggest DIY investment platforms has warned that prolonged budget speculation inflicted real financial damage, after savers rushed to drain about £600 million from their pensions amid fears Rachel Reeves would slash tax-free lump sum rules.

Michael Summersgill, chief executive of AJ Bell, said months of rolling briefings and hints of a tax raid had prompted thousands of customers to make precautionary withdrawals in September and October, convinced the Treasury was preparing to cap the 25% tax-free pension commencement lump sum.

Under current rules, savers aged 55 and over can withdraw up to £268,275 tax-free. Reeves ultimately chose not to touch the allowance, but Summersgill said the period of uncertainty had again shaken confidence.

“We saw the same pattern last year when similar fears led to £300 million of early withdrawals,” he said. “Speculation alone can be damaging, and this year has been no exception.”

While the Treasury backed away from altering pension lump sum rules, it did press ahead with controversial changes to the Isa system, and Summersgill did not mince his words.

From April 2027, savers under 65 will only be allowed to put £12,000 per year into cash Isas, even though the overall £20,000 annual allowance remains unchanged. The government intends the remaining £8,000 to flow into stocks and shares Isas to boost investment in UK markets.

But in a move that shocked many in the industry, HMRC will also impose a new tax charge on interest earned on uninvested cash held within stocks and shares Isas by under-65s. Transfers from stocks and shares Isas into cash Isas will be banned to prevent workarounds.

Summersgill called the changes “the polar opposite of simplification” and said the interest charge was “just crazy, so unhelpful”.

“How the government has got this lost along the way, I do not know,” he added. “There is nothing positive about the interventions being proposed.”

AJ Bell reported a 22% rise in pre-tax profits to £137.8 million for the year to 30 September, with revenues up 18% to £317.8 million. Platform assets hit a record £103.3 billion, helped by £7.5 billion of net inflows and £9.3 billion of market gains.

But shares fell 7.6% after the firm said it would step up spending by more than £15 million in the coming year to accelerate growth, funding new technology, marketing and additional engineering hires.

Summersgill said the increased investment was vital: “There’s a huge growth opportunity. I’m not doing my job if we don’t invest aggressively to capture it.”

The company expects pre-tax margins to ease to around 39–40% in 2026, down from 43.4% this year, reflecting the ramp-up in spending.

Read more:
AJ Bell hits out at ‘crazy’ Isa overhaul as tax fears trigger £600m pension exodus

British businesses shed staff at the sharpest rate in more than three years in the run-up to Rachel Reeves’s second budget, as months of swirling tax speculation paralysed hiring decisions and pushed employers into contraction mode.

New figures from the Bank of England show private-sector employment fell by 1.8% in November – the steepest monthly drop since July 2021. Finance directors told the Bank they also expect to reduce their workforces by an average of 0.7% over the next year, marking the biggest planned decline since October 2020.

The data shines a stark light on the chilling effect that Westminster’s pre-budget uncertainty has had on the UK labour market. Businesses faced almost six months of rolling briefings hinting at major tax rises, culminating in Reeves’s £26bn tax package unveiled last week.

Rob Wood, chief UK economist at Pantheon Macroeconomics, described the figures as evidence of “collapsing job growth driven by chaotic pre-budget tax hike speculation”.

HMRC data points to the same trend. Payrolled employment fell by 180,000 in the year to October – the first annual decline outside the pandemic in a decade.

Hints of impending tax rises began circulating as early as July. By early November, Reeves had publicly signalled she was ready to break Labour’s manifesto pledge and raise income tax – before abruptly dropping the idea amid internal revolt and market jitters.

The resulting confusion froze investment and hiring plans. Several business surveys have shown sharp recruitment pullbacks since her first budget in October 2024, when she introduced a £25bn payroll tax as part of £40bn in wider hikes.

In contrast, last week’s budget focused mainly on raising taxes on consumers, including extending the freeze on income-tax thresholds – a move that will ultimately push one in four workers into the 40% bracket.

The Bank of England’s survey also revealed that wage pressures remain stubborn. Businesses raised pay by 4.6% in the year to November, up from 4.2% in October. Pay rises are expected to cool to 3.6% next year as the economy slows.

Firms plan to increase prices by 3.5% on average next year – slightly below October’s 3.7% projection but still well above the Bank’s inflation target.

Yet despite signs of persistent inflationary pressure, Wood said the labour market deterioration “nailed a December rate cut”. Investors expect the Bank to cut interest rates to 3.75% on 18 December, following a year-long easing from 5.25%.

The Office for Budget Responsibility used last week’s budget to predict that inflation would fall faster next year, helped by Reeves removing taxes from household energy bills. The CPI rate dipped to 3.6% in October from 3.8% in September.

For now, however, the jobs market is flashing red – and the economic fallout from a turbulent pre-budget period looks set to be felt well into 2026.

Read more:
Jobs growth collapses ahead of budget as businesses cut staff at fastest rate since the pandemic

The UK’s electric vehicle market hit the brakes in November, delivering its weakest growth in almost two years as the Chancellor’s looming pay-per-mile tax sowed uncertainty among buyers, and left Tesla nursing the sharpest fall in registrations.

New figures from the Society of Motor Manufacturers and Traders (SMMT) show that just under 40,000 battery-electric vehicles (BEVs) were registered last month — only a 3.6% rise on November 2024, and a dramatic slowdown for a sector expected to accelerate rapidly towards the government’s net-zero goals.

It marks the softest year-on-year expansion since late 2023, when global supply chains were still snarled, and leaves BEVs on a 26.4% market share, short of the government’s 28% target for this stage in the transition.

The slowdown comes after weeks of pre-Budget speculation in which Treasury sources aired, and then confirmed, plans for a new EV excise duty (eVED). From April 2028, BEV drivers will pay 3p per mile and plug-in hybrid drivers 1.5p per mile, replacing the fuel duty revenue lost as motorists ditch petrol and diesel.

For a typical BEV driver covering 8,500 miles a year, the charge equates to £255 in road tax, a significant shift from the current near-zero cost regime.

The SMMT warned the move risks “endangering the UK’s net-zero transition”, adding that demand could collapse at the very moment it needs to surge. The Office for Budget Responsibility estimates the change could mean 440,000 fewer EV sales over the next five years.

Mike Hawes, chief executive of the SMMT, said the warning lights were flashing: “This should be a wake-up call. We cannot take sustained EV growth for granted. We should be encouraging drivers to switch, not punishing them for doing so.”

Fresh data from New AutoMotive suggests Tesla was the sector’s biggest casualty, with UK registrations down almost 20% month-on-month to 3,800 vehicles,  slipping to just 2.5% market share.

Chinese rival BYD, which has leaned heavily into hybrids and plug-in hybrids, more than tripled its UK registrations over the same period.

The divergence reflects a broader shift in buyer sentiment: plug-in hybrids were the fastest-growing powertrain in November, up 14.8%, while petrol and diesel continued their structural decline.

Alongside the new EV mileage tax, Rachel Reeves extended grants for new EV purchases until 2030, with some new Renault and Mini models now qualifying for the maximum £3,750 discount.

But with cost perceptions still the biggest barrier to uptake, analysts warn the government has work to do.

Jamie Hamilton, automotive partner at Deloitte, said: “The new mileage charge will increase the running costs of EVs and may slow uptake. The industry must now redouble efforts to communicate the long-term value and investment behind the transition.”

With global carmakers betting billions on electrification and the UK’s own ZEV mandate gathering force, ministers will be hoping November’s slowdown is a blip — not the beginning of a much steeper decline.

Read more:
Tesla takes the biggest hit as UK EV growth stalls amid new road-tax fears