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Hi, Dave. Hi, Francine.

So this week, Dave, we're talking about something that we talk about quite a lot, actually, in the city. And it's a story around the future of the UK's mega-reach. We are slightly obsessed with the story. But we're not alone. Our readers are really lapping up this coverage. You know, it's sort of kicked off really, didn't it, when we started speculating what would Labor do when they take power? All of the love bombing of the city of London by Rachel Reeves in the lead up to the July election? And then the worries, weren't they? Huge amounts of concern. What's actually going to be in the budget as we waited all those long months? Are they going to tax the rich more? Are they going to drive people away? Yeah, and we had a lot of anecdotal evidence

of people saying, well, I'm fed up, I want to leave, I want to go somewhere where maybe

loved a little bit more as an undom, and then we got the facts, right? So the budget came,

end of October, now we know what people, how people will be penalized and how their estate

will also be taxed. I think it's fair to say it's surprised on the upside in terms of the scale of the tax raising measures, the spending measures.

You know, it was a big moment.

And perhaps a little bit more on the left, a bit more socialist, it's been described to me by a few people,

than perhaps Rachel Reeves was presenting before October, or at least before July, at least. And all the things that were rumored about non-doms, like, you know, that's been scrapped, the non-dom regime. Inheritance tax on wealth around the world. That's a big one as well. So, you know, it's got real. So we need to find out now,

...