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The global luxury goods industry, which includes high-value items such as superyachts and fine art, has been growing steadily for decades. Yet, one of the main risks associated with ‘passion investing’, or investing in items of desire, is that the high levels of adoration can often override rational decision-making. While emotions are an essential part
Rising house prices, poor wage growth and the increasing cost of education means younger generations face an uphill battle when it comes to their finances. Research shows that millennials are set to receive more money from relatives than ever before, and financial help from grandparents can make a real difference to younger people’s lives. “Grandparents
Many Brits have found that lockdown has been beneficial for their money, having cut back on personal spending and managing to put away some extra cash. According to eToro, Brits with unspent discretionary income are set to accumulate £75.5bn in savings in just three months. Restrictions on movement have meant that despite the financial hardships
Almost overnight, COVID-19 and lockdown changed the face of our economy and its legacy will be felt for decades. The coming months and years are undoubtedly going to be the most challenging in our lifetime for our economy, society and many of us individually. Unemployment, low productivity, declining competitiveness and low innovation will be hard
Many people call cryptocurrency the next step in the evolution of money. Since we have never had money like it before, it’s normal to question the concept and compare it with traditional currencies. “Business owners need to stay informed on financial trends in order to take advantage of new opportunities,” says Granville Turner, Director at
Millennials are often painted as globe-trotting creatures that spend more money on avocados than their future. But that can’t be further from the truth. Millennials tend to be good savers, at least compared to other generations. Industry data shows that more than 70% of millennials have started putting money away for retirement and beyond. “Millennials
As the name suggests, cryptocurrencies are an emerging currency based on cryptography. Bitcoin is the most famous example, but new ones are being launched all the time. But with so much information out there about cryptocurrencies, it can all get a bit bemusing. “As it happens, cryptocurrencies have been in existence for quite some time,
The coronavirus outbreak has spread to businesses, leaving many around the world counting costs. Notoriously, known as the Great Lockdown, it’s been affecting the world economy since early this year. The predicted recession is considered to be the steepest economic downturn since the Great Depression. So, what does that mean for you? James Turner, Director
Tax is a subject close to the hearts of most individuals, and business owners. 3 terms frequently used in conversations around tax savings are tax avoidance, tax evasion and tax efficiency. James Turner, Director at York-based Turner Little, tells us that these are themes that run through most conversations with clients, old and new, and
It’s not what you think. Offshore banking is often slandered, and most commonly associated with tax evasion. But this begs to question – what do people really know about offshore banking? James Turner, Director at York-based Turner Little tells us everything we need to know about offshore banking. “Offshore banking, simply put, is banking done
