Mercedes clung on to second place in the constructors’ championship by the skin of their teeth – and a £10milllion cash boost – as Max Verstappen ended the most dominant season in Formula One history with another victory at the Abu Dhabi Grand Prix. Verstappen failed to triumph at just three of the 22 rounds staged, and his latest win takes him to 54 for his career, leaving only Lewis Hamilton (103 wins) and Michael Schumacher (91) ahead of him. The Dutchman finished 17 seconds clear of team-mate Sergio Perez but the Red Bull driver was demoted to fourth following a five-second penalty for a collision with Lando Norris. Ferrari’s Charles Leclerc was promoted to second with Mercedes’ George Russell third. Lewis Hamilton finished ninth in the other black-liviried machine with Mercedes three points clear of Ferrari in the standings to land a £105million reward, rather than £95m. However, it marked a second straight season without a victory for Hamilton – a losing streak of 45 races – and Mercedes’ first winless campaign in a dozen years. Norris finished fifth for McLaren, one place ahead of team-mate Oscar Piastri. Verstappen has been in a class of one this season and Sunday’s 58-lap race round the Yas Marina Circuit never looked anything other than a Red Bull triumph – the team’s 21st of their all-conquering year – after he resisted a first-lap attack from Leclerc. Leclerc tried and failed on three occasions to fight his way past Verstappen only for the triple world champion to keep him at bay on each occasion. Behind, and Norris was on the move, making his way up to third ahead of Piastri and Russell. Further back and Hamilton, who started 11th, was up two places to ninth, but by the end of the third lap he was in 10th as Perez swept by. With Leclerc in second, and Russell and Hamilton fifth and 10th, Ferrari held second spot. But Russell was soon on the move to hand the initiative back to Mercedes. On lap 11 he got ahead of Piastri after sling-shotting ahead of the Australian’s McLaren, and then three laps later, he took advantage of a slow pit stop for Norris to take third. But in the other Mercedes, Hamilton feared he had sustained damage to his front wing after he biffed Pierre Gasly’s Alpine. A check from Mercedes suggested otherwise, and team principal Toto Wolff was on the intercom to provide his star man with a pep talk. “Lewis, you were the second quickest car on the last lap,” he said. “You are quick.” Moments later, the Austrian was back on the radio to tell Hamilton he was the speediest out there. Wolff’s encouragement seemed to work. On lap 25, Hamilton was up to eighth after he passed Daniel Ricciardo before a second stop dropped him back down the order and in a duel with old foe Fernando Alonso. Hamilton made his way ahead of Alonso only for the Spaniard to fight back past. Hamilton then accused Alonso of brake-testing him. Carlos Sainz’s poor qualifying session left him 16th on the grid, but a desperate one-stop strategy saw him exposed to Alonso and then Hamilton as they moved by for eighth and ninth. Advantage Mercedes. But Perez then threatened to provide a sting in their tail by hunting down Russell in the battle for third. If Perez finished ahead of Russell, the Silver Arrows would lose second spot. With four laps to go, Perez fought his way past the English driver. Perez took Leclerc on the last lap, but finished only 3.9 sec clear of Russell – dropping Perez to fourth – as Mercedes breathed a sigh of relief. The in-lap was emotional because it was my last time sitting in a car that has given me so much Max Verstappen “It means a huge amount to so many people back at the factory,” said Russell. “They have worked so hard to achieve this. It has been a challenging season. But I can chill out now. “I came out of the pits and Perez came from nowhere. He had great pace and it was tense at the end because the tyres were dropping off, but I am just pleased to secure P2 for the team and I am sure everyone will have a few drinks tonight.” Leclerc said: “On one hand I am happy because there was not one thing we could have done better. We did an incredible job to get everything right but it is just a shame that we finished third in the championship.” Verstappen, who became the first driver to lead 1,000 racing laps in a season, said after his 19th victory of the year: “It has been an incredible season. “The in-lap was emotional because it was my last time sitting in a car that has given me so much. It will be hard to do something similar again but we definitely enjoyed this year.” Read More Lewis Hamilton cannot wait for season to end after qualifying 11th in Abu Dhabi George Russell fastest as rookies handed chance in first Abu Dhabi practice Class action lawsuit filed over farcical start to Las Vegas Grand Prix F1 Abu Dhabi GP LIVE: Race results and reaction at Yas Marina When does the 2024 F1 season start? Walking with the stars: Inside the white lines of the Las Vegas Grand Prix grid

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People can’t decide whether Balenciaga’s new $925 bath towel skirt is an example of clever marketing or just a ploy to wipe wallets. The unparalleled high fashion house, piloted by long-time creative director Demna Gvasalia, regularly releases peculiar designs, made to look beaten down and wrecked, with purposeful outlandish price tags – see its $1,850 fully destroyed sneakers or $1,800 trash bag tote. But this particular pick from the brand’s Spring 2024 collection sparked widespread debate online as soon it became available for pre-order on 14 November. A $927 terry-cloth towel, fashioned to be a wrap skirt, comes after the Georgian designer faced backlash for a controversial 2022 holiday ad featuring children holding teddy bears in leather bondage. Following the extensive criticism, Demna said he planned on tapping into his “roots in fashion as well as to the roots of Balenciaga, which is making quality clothes – not making image or buzz”. He told Vogue his plan in February a few weeks ahead of his fall 2023 debut. But while the designer intended to find motivation from Balenciaga founder Cristóbal moving forward, this quirky bathroom garment prompted further conversation about the brand’s continued desire to offer “absurd” luxury items. One riled up fashion enthusiast took to X, formerly known as Twitter, to make a larger generalisation. “This is absurd, These brands will sell anything and everything at such ridiculously high prices,” they wrote. “Balenciaga is so unserious,” another critic commented, while someone else said: “I’ll say it again... Balenciaga is conducting an experiment. It’s a behavioral science study. You can’t convince me otherwise.” Amid the flock of immediate criticism, brand supporters pointed out the platform and intended buyers Balenciaga targets. “In economics we’d say they are discovering the true demand curve. They are checking their customer base to see how elastic they are. If it’s a fairly inelastic demand curve of which it’s very likely to be. They won’t lose anything by being selling s*** like this, in actual fact…” one person wrote. “I need customers like theirs,” another fan proclaimed. One candid reviewer wrote: “What kind of madness is this? At least I’m not their target market.” Other X users added remarks about how they could make their own towel skirt with their fluffy fabric at home. “I already got a towel skirt, it cost $10 and it’s from Walmart,” one individual commented. Playing off the high-end fashion brand’s current visibility, Ikea, the Swedish homewares and furniture brand, dropped a similar advertisement, highlighting its $10 VINARN bath towel. In promotional photos, a model could be seen with the towel wrapped around his waist, layered over a pair of construction pants. On top, the man donned a common Balenciaga identifier with a black hoodie and wrap-around moto sunglasses. Read More Women’s scarves and crocheted ties - what is Robert Peston wearing now? McDonald’s and Crocs collaborate on new Grimace shoes Jacob Elordi reveals why he always carries a purse Women’s scarves and crocheted ties - what is Robert Peston wearing now? McDonald’s and Crocs collaborate on new Grimace shoes Jacob Elordi reveals why he always carries a purse

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Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.