Earth’s climate is now departing from the stable conditions that supported human civilization for millennia. Crossing critical temperature thresholds may trigger self-reinforcing feedbacks and tipping dynamics that amplify warming and destabilize distant Earth system components. Uncertain tipping thresholds make precaution essential, as crossing them could commit the planet to a hothouse trajectory with long-lasting and potentially irreversible consequences.

House prices have risen more than fourfold since the 50 per cent capital gains tax discount was introduced in 1999.