The Duke of Westminster and the Grosvenor family net worth — Sunday Times Rich List 2025
Enlisting the future king to hand out the orders of service is one way to impress your wedding guests. 'Hughie' Grosvenor's union to Olivia Henson at Chester Cathedral last year was billed as the wedding of the summer — and it didn't disappoint: the Prince of Wales served as an usher, and the Duke of Westminster's bride wore the Fabergé Myrtle Wreath tiara that has belonged to this property dynasty for almost 120 years.
• The Sunday Times Rich List 2025 revealed
Grosvenor inherited his title aged 25 after his father, Gerald, died from a heart attack aged 64. And while his wife, a graduate of
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Telegraph
a minute ago
- Telegraph
Reeves's fiscal recklessness is causing even more pain than we feared
The government's spin doctors could always try blaming Oasis, although given the robust, four-lettered response it is likely to provoke from the Gallagher brothers it may not be the wisest course of action. It is just possible that the sky high costs of tickets and hotel rooms for their reunion tour may have nudged up the index a fraction. And yet, it is already clear that today's terrible inflation data, with prices rising by far more than the City expected, is entirely the fault of the government. In reality, the Chancellor Rachel Reeves has plunged Britain into an inflationary doom loop – and she has no way out of it. The 3.8 per cent inflation rate reported today by the Office for National Statistics was far worse than expected. The rate at which prices are rising has now almost doubled since Labour won the general election. Sure, we can pin some of the blame for that on the Bank of England. It is hard to know what the Bank thought it was doing when it cut interest rates to 4 per cent last week. In effect, we now have a 'real' interest rate of just 0.2 per cent, far too low to control inflation. The catastrophic decision to push up employer's National Insurance has fed directly into prices in the shops, just as the economic textbooks said that it would. Driving up the living wage to one of the highest levels in the world, and putting up business rates, has meant those costs and lavish public sector pay awards have pushed up wages for private businesses, and those have been passed on in higher prices as well. Inflation is fairly subdued across most of the developed world, with the rate running at just 2 per cent in the euro-zone. It is just in Britain that it is soaring again, and it is driven entirely by the government's recklessness. The trouble is, higher inflation is going to make the fiscal mess Reeves faces far, far worse. Gilt yields will go higher, and the £111 billion, or 8.3 per cent of total public spending, we were already forecast by the Office for Budget Responsibility to spend on debt interest this year may go to £120 billion or even £130 billion. The triple lock will mean pensions have to go up more than forecast, and so will many welfare payments, while the public sector unions will demand higher wages to compensate for higher prices. Reeves will have to raise taxes by a punishing amount in the autumn Budget, but those will have to be passed on to consumers as well, sparking yet more price rises, higher inflation, and then even higher taxes. In reality, the Chancellor has plunged the UK into an inflationary doom loop. The only way to bring rising prices back under control is this. The Bank needs to push up interest rates to 6 per cent or more, while the government needs to make deep cuts in public spending, starting with welfare, and public sector salaries. There is almost no chance of this government admitting that, or making the tough decisions that are now needed to get the nation's finances back in shape. Instead, it will try to muddle through until a crisis in the bond markets forces the UK to change direction – and that day of reckoning may be a lot closer than anyone inside the complacent Westminster bubble realises right now.
The Sun
a minute ago
- The Sun
Brits becoming more confident about investing but increasingly cautious with their own choices
BRITS are becoming more confident when it comes to investing - but are growing more cautious in how they choose to invest their money. An annual study of 4,000 adults found 39 per cent now feel confident investing, up from 33 per cent in 2024. 3 3 3 Of those who have seen an increase in confidence, 40 per cent say it's because they now have an understanding of how the basics of investing work, and 35 per cent put it down to positive returns. The same number now know exactly how much risk they're comfortable with, shaping how and where they choose to invest. The research was commissioned by savings and investing platform Moneybox, as part of its annual Financial Confidence Index. It found that, despite gaining knowledge and experience as investors over time, 68 per cent choose to take a cautious approach when it comes to their investing strategy. The research also found that so far this year, 23 per cent of investors put more money into a Stocks and Shares ISA towards the end of the tax year, using up as much of their allowance as they can before it resets. In addition, 22 per cent increased their monthly investment contributions over the last year, while 14 per cent chose to diversify their investments in order to build a more resilient portfolio for the long term. Meanwhile, 11 per cent of savers decided to move cash into investments this year in search of better long-term returns - which can be beneficial if done with an emergency fund already in place. At the same time, some investors made riskier moves in turbulent markets - 15 per cent sold part of their portfolio, while the same number made changes in response to geopolitical events. And 12 per cent moved investments due to market volatility. Brian Byrnes, head of personal finance at Moneybox, said: 'It can feel unsettling to see the value of your investments fluctuate, especially when no one can predict exactly what comes next. 'But short-term market shocks are a normal part of investing, and history shows that markets recover from volatility over the long term. "In fact, we've already seen this play out, with markets rebounding from the turbulence earlier this year when sweeping tariffs were introduced. 'The key is to focus on your time horizon and stay invested, rather than reacting to daily market noise. 'Even small, consistent steps, like contributing regularly or diversifying your portfolio, can make a real difference over time.' When it comes to long-term financial goals, 20 per cent of Gen Z and 26 per cent of Millennials want to build an investment portfolio to grow their wealth over time. These younger generations are also the most confident when it comes to investing - with 44 per cent of Gen Z and 47 per cent of Millennials saying they feel confident, according to the findings, conducted via OnePoll. While younger generations are feeling more confident with investing, only 32 per cent of Gen X and 36 per cent of Baby Boomers say the same. These two groups are also the most likely to be worried about a major market crash wiping out their investments, 27 per cent and 29 per cent respectively. This caution could reflect older generations' experience of major market crashes, from the dot-com bubble to the 2008 financial crisis. While younger investors may feel more confident overall, Gen Z are also more likely to feel overwhelmed by financial matters - with 19 per cent citing this as a concern, while 15 per cent are more worried about a market crash. Brian Byrnes, from Moneybox, added: 'For anyone feeling unsure, start with what you can control, such as how long you are investing for and how consistently you contribute, build gradually, and use tools and guidance to make decisions that suit your goals and stage of life. 'It's not easy, but the more people focus on the long-term, the easier it will be to invest with confidence.'
The Sun
a minute ago
- The Sun
I saved £380 in two minutes – I'm an idiot for making silly money mistakes but I bet you are doing it too
THINK you're good with money? I bet you're making some silly mistakes that could be costing you hundreds of pounds, just like me. Thankfully, I caught the errors before I frittered away some serious cash - but you could be doing them too. 2 I was sat on the sofa a few weeks ago, scrolling through my phone when I decided to log into my mobile phone app for the first time in yonks. I recently had my phone number spoofed (which is when crooks steal your number and use it to trick unsuspecting victims into handing over money), so I wanted to check everything was fine with my account. But when I logged in, lots of phone deals flashed up on my screen, telling me I was eligible for an upgrade. That's odd, I thought - I'm still tied into my contract, so why was I getting all these adverts? I decided to double check my paperwork in and to my surprise, I saw that my 24-month plan had ended a month earlier. It turns out I had missed an important email in my inbox warning me that my contract was ending in June. "Do nothing and keep your existing service for £34.58 a month," the email read. I was kicking myself - I had been planning to switch to a SIM only contract as soon as I had paid off my handset to save money. Had I just spent a month unnecessarily paying a higher bill, when a simple swap could have saved me money? I immediately sprang into action, and signed up to a £7 a month SIM only deal, saving myself a whopping £27.58 a month or £330.96 a year. It might have been months before I discovered my rookie error, and I could have wasted hundreds of pounds. The "double paying" mistake This mistake is called "double paying" - when you're essentially paying off a handset that is already paid off - and you're probably doing exactly the same thing as well. There are five million mobile phone customers who are at risk of "double paying" on their bill, according to Uswitch. Each customer could save an average of £321 a year just by switching to a SIM-only deal. Phone providers are cashing in an extra £1.6billion because of our mistakes. Switch around your subscriptions You could save £800 a year by simply switching around your streaming subscriptions. Research for us by AJ Bell found running six of the most popular TV streaming services - Netflix, Amazon Prime, Disney Plus, Paramount Plus, Apple One and Youtube Premium - for a year would now cost a family around £1,000. But households could save £829 - 80% of that cost - by swapping the services throughout the year instead of running them all together. Here's the full run down of calculations. You can check if you are an unwitting double payer by texting INFO to 85075. This is a free service that allows you to check if you are in or out of contract, and will also let you know if you would need to pay an exit charge to leave your contract early. If you're out of contract, use a comparison site to look at the best SIM only deals available. The subscription trap 2 As I breathed a big sigh of relief, I started to wonder: what other silly money mistakes was I making? I decided to log into my bank app and check my direct debits in case I was paying for something I had forgotten about, or didn't need. Low and behold, I spotted a £4.99 direct debit I had set up to pay my husband for a TV streaming service, Hayu, I had signed up for using his Amazon Prime account. Now, I love a bit of reality TV - but for the life of me, I couldn't remember when I had last used it. I think the last time I watched my guilty pleasure, Below Deck, was back in April - and I had totally forgotten I had the account. That meant I had spent three months paying for streaming service I just wasn't using - I may as well have flushed £15 down the toilet. Many people have fallen into this subscription trap just like me. The average person is wasting £61 annually on services they don't use, because they forgot to cancel their direct debit, according to HSBC. While 48% of us admit that they have been paying for unwanted subscriptions longer than they should, according to a survey of 2,000 customers by the bank. I asked my husband to cancel the subscription, and I stopped the direct debit, which took me a matter of seconds. That has saved me £60 a year. Do your bank balance a favour and do a direct debit spring clean twice a year. It's surprisingly easy to forget about subscriptions - so keep on top of yours by going in your bank app, click on your regular payments, and make sure to cancel any subscriptions (and then the direct debit) for ones you don't need. In total, switching to a SIM only deal and cancelling my unused subscription has saved me £390.96. It took me just two minutes to do, all from the comfort of my sofa. So what are you waiting for? Do some important bill checks now and save hundreds at the click of a button.
