From more taxes to the upcoming UK Budget. Here’s what stood out from the last 7 days.
TOP HEADLINE
Nearly one in five Brits planning to move house have hit pause and Rachel Reeves’ upcoming Budget is to blame. With whispers of a mansion tax swirling and property speculation running wild, potential movers are staying put. Rightmove’s latest survey of over 10,000 people reveals the damage: 17% have stalled their plans entirely.
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QUICK HITTERS
FEATURED CRYPTO NEWS
Remember when a government shutdown would’ve sent crypto traders into overdrive while traditional markets panicked? That dynamic has flipped. Crypto ETFs are no longer just speculative punts, they’re evolving into legitimate long-term investment vehicles, and recent regulatory shifts from the IRS and SEC are accelerating that transformation.
QUESTION OF THE WEEK
FEATURED BUSINESS NEWS
Formula 1 teams are suddenly worth billions, and Toto Wolff just proved it. The Mercedes boss is selling a 5% stake to CrowdStrike co-founder George Kurtz, valuing the team at a staggering £4.7bn. That’s not just a big number, it’s a signal. F1’s financial landscape is about to get very interesting, and what happens next could turn motorsport into the investment world’s hottest playground.
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MARKETS NEWS
Last week’s top story
UK manufacturing output just hit its worst decline since COVID-19. In the three months to November, factory production plummeted at a pace not seen since the dark days of 2020. The Confederation of British Industry’s (CBI) latest survey paints a grim picture: output volumes dropped to a weighted balance of -30%, compared to -16% in the previous quarter. With Labour’s growth agenda under pressure and next week’s Budget looming, manufacturers are bracing for impact. So what’s driving this manufacturing downturn, and can anything stop the slide?
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THAT’S ALL FOLKS
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