Weekly Briefing 1st Dec 2025: VCT Tax Relief Cut, Record IHT Receipts, Manufacturing Slowdown & Growth Expectations Downgraded
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This week’s briefing examines the deepening manufacturing slowdown, with output falling at its fastest rate since the pandemic.
We explore the OBR’s latest medium-term outlook, where stronger short-term performance contrasts with weaker growth projections beyond 2026. We unpack record IHT receipts as rising property values and frozen thresholds push more households into scope, and we discuss the sweeping changes to the venture capital landscape following the cut to VCT tax relief. Tune in for insights on what’s moving the markets, policy, and investor sentiment.
Read the full blog here
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