The British economy is flashing warning lights on two fronts: a housing market overheating at breakneck speed and a car industry giant slamming the brakes on its electric future.

In a financial climate that feels increasingly like a high-wire act, the average price of a UK home has smashed through the £300,000 barrier for the first time in history. The milestone, confirmed by Halifax, represents the fastest acceleration in property values in over a year. But while homeowners celebrate paper wealth, the City of London is looking nervously at the tech sector, where Deutsche Bank analysts see "worrying" echoes of the 2000 dot-com bubble burst as software stocks begin to slide.

The Stellantis Shockwave

While the property market surges, the automotive world is reeling. Stellantis, the parent company of Vauxhall and Peugeot, has executed a stunning U-turn on its green ambitions. The auto giant is scaling back its electric vehicle production plans, a move that comes with a bruising €22 billion hit to its books. The decision follows a "brutal" assessment of consumer demand and infrastructure readiness.

• The EV Retreat: Stellantis is killing off its plug-in hybrid models in the US market, a signal that the transition to electric is proving costlier and harder than predicted.
• Market Reaction: Shares in the carmaker nosedived, dragging European markets down as investors digest the reality that the "green revolution" may be hitting a profitability wall.

A Ghost of 2000?

The juxtaposition of soaring asset prices and faltering tech confidence is causing sleepless nights in financial districts. The current sell-off in software and data companies is being described as "worse than the COVID-era meltdown." If the rotation away from tech stocks continues, the broader indices—including the FTSE 100—could be dragged into a correction that wipes billions off pension funds.

As one analyst grimly noted this morning: "The market can absorb a rotation for a while, but when the dominant sector catches a cold, the whole economy eventually gets the flu." For now, Britain is a land of expensive houses and nervous investors.