Britons are feeling the pinch from higher taxes, weak economic growth and now US tariffs adding to the uncertainty. But one industry’s customers appear to be sailing through relatively unscathed: luxury yacht buyers.
“Large yachts are still selling strongly,” Joe Hill, sales director of motor yachts at British maker Princess, said at last week’s British Motor Yacht Show at Swanwick Marina on England’s south coast. Pointing to a model costing £4.3 million ($5.7 million) before value-added tax, he said: “If you have that as disposable income you’re probably riding over the peaks and troughs of the economy anyway.”