"I have noticed a stark increase in people selling their valuables which they cannot take to their new home. Some antiques are too costly or problematic when it comes to shipping. Clients are choosing to sell off items as opposed to transport them and are raising substantial sums which they can put towards travel costs or furnishing their new home."
"Others are simply selling their handbags or jewellery in order to pay for the cost of relocating. "It has become a real phenomenon in the past few months. Brits are getting fed up with this ongoing cost of living crisis and are seeking more security and long term certainty. We have been inundated with various valuables.""
"Never have we seen before such a huge exodus in respect of people wanting to leave the UK and begin again in another country. "We are hearing the same story day after day. The uncertainty and taxation changes are forcing entrepreneurs to look abroad where they may receive more favourable tax breaks and a more optimistic forecast going forward.""
A major pawnbroker chain reports a sharp rise in customers selling antiques, handbags and jewellery because the items will not fit or are too costly to ship when relocating abroad. Rising living costs, a stagnating job market and a search for better work–life balance are driving people to move to English-speaking countries and sunny European destinations. Sellers are converting valuables into cash to cover travel expenses, furnishing new homes or relocation costs. Entrepreneurs are also leaving due to uncertainty and taxation changes, seeking more favourable tax regimes. The chain operates eight Prestige Pawn stores, including four in London, and grew into a multimillion-pound business after the Posh Pawn TV run.
Read at London Business News | Londonlovesbusiness.com
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