The research looked at how the wealthy had amassed wealth and what they want to do with the money they have, with some surprising results. Perhaps of most interest in the times of uncertainty with COVID-19, one in five (19%) of those with more than £250,000 in assets said they intended to buy a small business in the future to keep themselves busy, and a further 35% said they are planning on investing in a new business to help kickstart the economy post COVID-19.
Customer sentiment towards 10 of the UK’s biggest high-street and digital-only banks including Starling and Monzo, fell by 7 percentage points during lockdown. While this is a blow for digital-only banks, it should be noted that high-street banks had, and continue to have, a much lower overall sentiment.
New research suggests the stamp duty payment holiday isn’t the only reason Brits can make a saving on a property this month. Watch and sunglasses specialist, Tic Watches, has conducted research and worked with experts to reveal the best time of year to find a bargain for high value products including homes, cars and holidays.