From stealth tax to rate cuts. Here’s what stood out from the last 7 days.

TOP HEADLINE

Rachel Reeves is about to make pension saving a bit more expensive. The chancellor’s planning to cap salary sacrifice schemes in her November Budget—a move that could raise £2bn a year but leave workers and employers footing the bill.

FEATURED CRYPTO NEWS

What if your bank could send money to someone else’s bank instantly, at 3am on a Sunday, without using SWIFT? That’s the reality JPMorgan and DBS Bank are building. The two financial giants are developing an interoperability framework that’ll let institutional clients move tokenised deposits across different blockchain networks in real time.

FEATURED BUSINESS NEWS

Rightmove just wiped £1bn off its market value in a single morning. The culprit? A hefty £60m AI spending spree that’s got investors running for the hills.

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MARKETS NEWS

Last week’s top story

UK investors are hitting the exit button on equities—and fast. A record-breaking £7.3bn fled equity funds in the four months to the end of October, with £3.6bn vanishing in October alone. What’s driving this mass exodus?

THAT’S ALL FOLKS

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