Posted by Aston Avery

Brits blame Government for lack of faith in traditional investment routes

New research has shown that during the current economic climate, many Brits have lost trust in several
traditional means of investment. Over a third (36%) no longer have faith in savings accounts, 33% lack
confidence in crypto currency, and more than a quarter (26%) say they can’t rely on stocks and shares.

Perhaps most interestingly, over half (52%) of adults say their loss in trust is due to the failings of the UK
government – with the Covid-19 pandemic (38%) and the Ukraine/Russian conflict (36%) also among the
highest reasons.

The public can purchase a cask of whisky, wait for it to mature, and then either sell or auction it for a
profit or consume the product itself. The Scotch Whisky industry provides £5.5bn in Gross Value Added
to the UK economy, with experts worth more than £3.8bn. What’s more, whisky casks are classed as a
“wasting asset” by HMRC and so are not subject to Capital Gains Tax.

Aston spoke to Sam Brooks and Mike Webb both from Vintage Acquisitions.

Photo by Colin Watts on Unsplash

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