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The Herald Scotland
3 days ago
- Entertainment
- The Herald Scotland
Oasis Edinburgh gigs 'to deliver £136m boost to local economy'
Oasis will play three shows at Scottish Gas Murrayfield Stadium this summer (Image: Simon Emmett/Fear PR/PA) This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The Herald. Oasis' return to Edinburgh is set to be one of the biggest cultural and economic events the capital has seen in recent years. Now new research predicts that the band's three-night residency at Scottish Gas Murrayfield Stadium this summer - which is expected to attract around 200,000 fans in total - will bring a £136.6 million spending boom to the local economy. Leading financial services firm Novuna Personal Finance forecasts that each concert will generate £45.5 million in fan spending, with a net local economic impact of £42.6 million – benefitting everything from local pubs and restaurants to hotels, shops and transport services. According to Novuna's report, fan spending will be spread across several key areas, with much of it flowing into Edinburgh's economy, including: £32m on food and drink; £27m on shopping and leisure across the city; £14.5m on merchandise; and £6.2m on accommodation. READ MORE: Theresa Lindsay, Chief Marketing Officer at Novuna Personal Finance, said: 'Oasis' return to Edinburgh is a landmark moment for the city and its music fans. "Set against the iconic backdrop of Murrayfield Stadium, the gigs are shaping up to be one of the cultural highlights of the summer. "With fans expected to spend over £100 million over just three nights, this is proof that live music powers our cities far beyond the arena gates. It's a major economic event. 'From pre-show drinks to overnight stays, this tour will bring life to every corner of the city – and showcase Edinburgh's status as a destination for legendary British acts.'
Daily Mirror
20-05-2025
- Business
- Daily Mirror
Younger couples are saving up in-case they break-up new research shows
New findings show that younger generations are preparing for break-ups by keeping a 'secret stash' - despite saying they highly value financial honesty in their relationships The promise of love is not enough to make millennials and Gen Z give up control of their finances. In fact, new research indicates that many are preparing for potential heartbreak by adding to their own secret piggy bank. According to research from Novuna Personal Finance, half of UK adults say that they have an 'independence fund'. Essentially, a secret stash of savings set aside specifically in case their relationship breaks down. This new trend is being spearheaded by younger generations who are determined to redefine the parameters of relationships. The findings show that among 25-34 year-olds, 79% have an independence fund and nearly half say they have not shared their entire financial situation with their partner. Common secrets when it comes to money range from hidden savings and investments to concealed salaries and bonuses and secret splurges. The average balances in these private funds are between £4,000 - £5,000, with couples in London most likely to have an independence fund, compared to other major cities like Glasgow, Manchester and Birmingham. The rising trend indicates that younger generations are prioritising their financial independence and security over complete financial integration in a relationship. But that doesn't mean they don't trust their partner to be financially savvy. In fact, younger Brits find financial savviness attractive. A quarter of them share that investment acumen is an attractive money trait in a partner and that overspending is their biggest red flag. Their preference to keep finances separate is also not an indication that they don't want to bring money talk into their relationships. The opposite is true, according to Novuna's findings. Nearly a third of Brits surveyed said they had detailed conversations about money early while dating their partner and the average couple talks about money seven times a month. Coupled up millennials and Gen Z want to speak openly about money in their relationships as 86% said they value financial honesty in a relationship. Though, they may struggle to disclose their personal finances. Theresa Lindsay, Chief Marketing Officer at Novuna Personal Finance, says that financial independence is becoming a deal-breaker in modern relationships. 'There's a quiet shift happening in relationships today – financial independence is becoming just as important as emotional connection.' 'While many couples are still working together to build their future, more people are also putting individual safeguards in place, just in case,' says Lindsay. 'The positive takeaway here is that Brits are becoming more financially empowered – but transparency and trust still matter. Open conversations about money are the foundation for any long-term relationship.' It's not hard to understand why many millennials and Gen Z are prioritising financial freedom. Even though 44% of Brits surveyed said they would reconsider a relationship if their partner tried to control their finances, it's not that easy to get out of a relationship where one person controls all finances. Economic abuse is a legally recognised form of domestic abuse and data reveals that it's a growing threat to women in the UK. According to the charity Surviving Economic Abuse (SEA), 15% of women in the UK experienced economic abuse in 2024, equating to over four million victims. Economic abuse is when a partner or ex-partner takes control of someone's access to money, finances and things that require money including education, transport, food and shelter. This lopsided financial dependence is meant to limit a partner's freedom and ability to leave the relationship. It's no surprise that finances are a key concern when it comes to dating and relationships, especially for women. The consequences of entering and leaving an economically abusive relationship can be a lifetime of financial instability, due to crippled credit ratings and large amounts of debt.
Daily Mirror
18-05-2025
- Business
- Daily Mirror
Half of adults have ‘break-up fund' as couples admit money secrets
More than a third also didn't tell their partners about bonuses A surprising number of British households might be hiding some skeletons in their closet. A new poll has uncovered the staggering amount of people keeping financial secrets from their spouse. From hidden bonuses to break-up preparations and overspending, the number of people quietly building their 'just in case' finances have been growing. In all, 27 million people, roughly half of UK adults, have an 'independence fund', according to research by Novuna Personal Finance. This is a secret savings stash people have been putting money into throughout their relationship, planning to use it if their romance falls apart. On average, people are holding around £4,739 in this covert account. While this seems like a jaw-dropping sum, breaking up isn't cheap. Research from Experian in 2023 revealed the average break-up costs over £1,000, with the cost of splitting forcing some couples to stay together. Aside from savings, the most common secrets lovers are keeping from each other include hidden salaries or bonuses, 39%; 33% also have secret splurges, spending cash on self-indulgent treats without telling their partner. Theresa Lindsay, chief marketing officer at Novuna Personal Finance, said: 'There's a quiet shift happening in relationships today – financial independence is becoming just as important as emotional connection. 'While many couples are still working together to build their future, more people are also putting individual safeguards in place, just in case. 'The positive takeaway here is that Brits are becoming more financially empowered – but transparency and trust still matter. Open conversations about money are the foundation for any long-term relationship.' It could be the sheer level of importance people are placing on finances when looking for and sticking to a partner that's driving this money concern. 44% of people in the poll said they would completely reconsider their relationship if their partner tried to control their finances. The average couple in the UK also talks about money around seven times a month, despite all the secrecy. And 89% reported feeling 'financially compatible' with their partner. In all, 61% of Londoners said they have an independence fund, while 57% of Glaswegians and 53% of Mancunians do too. In Birmingham, 53% of people have this secret stash while Edinburgh is the first city to drop below the halfway mark at 48%. However, 42% of people are doing more than saving secretly, they admitted to making major purchases without telling their partner. Despite these results, 86% of people also said financial honesty was vital for a healthy relationship. The vast majority, around 79%, of Gen Z and Millennials have an independence fund and 67% have also made large purchases in secret. But there's a hidden twist in these numbers, too. More young adults have fully merged finances with their partner than over-55s have. The experts noted this suggests young lovers are more focused on financial teamwork than their parents, while still having their own autonomy.
Yahoo
13-05-2025
- Business
- Yahoo
Half of adults have an emergency break-up fund their partner doesn't know about, poll shows
Half of British adults admit they have set aside money specifically in case their relationship breaks down – without telling their partner, a new survey has shown. The poll, which looked at the money habits of people in relationships, also showed more than a third (39 per cent) had kept bonuses secret, while 40 per cent saw overspending from their significant other as a big red flag. The most notable trend, however, was those having secret savings accounts as a failsafe - with the average amount held within those accounts totalling £4,739. Research by Censuswide, on behalf of personal finance firm Novuna, found that 43 per cent of respondents admitted not telling the full financial truth to their partners - though at the same time, the average couple discuss money matters seven times a month. 'Our research reveals how love and money are evolving in modern Britain, with millions quietly building 'independence funds' – as a financial safety net,' Theresa Lindsay, chief marketing officer at Novuna told The Independent. 'While younger generations are embracing joint financial planning more than ever, they're also leading a movement towards financial autonomy and honesty. It's not about mistrust – it's about empowerment, preparedness and having open conversations about money from the start.' That openness is reflected in the fact 89 per cent of respondents felt 'financially compatible' with their partners. However, it hasn't stopped an element of self-spending or taking place without letting the other person know. A third (33 per cent) admitted buying treats or frivolous spending without telling their partner and 51 per cent had savings or investments the other person had no idea about. Gen-Z and Millennials were the age groups who were most likely to have the just-in-case breakup fund, yet 25- to 34-year-olds were more likely to have fully merged finances with their partner than over 55s. 'There's a quiet shift happening in relationships today – financial independence is becoming just as important as emotional connection,' Ms Lindsay added. 'While many couples are still working together to build their future, more people are also putting individual safeguards in place, just in case.'
The Independent
13-05-2025
- Business
- The Independent
Half of adults have an emergency break-up fund their partner doesn't know about, poll shows
Half of British adults admit they have set aside money specifically in case their relationship breaks down – without telling their partner, a new survey has shown. The poll, which looked at the money habits of people in relationships, also showed more than a third (39 per cent) had kept bonuses secret, while 40 per cent saw overspending from their significant other as a big red flag. The most notable trend, however, was those having secret savings accounts as a failsafe - with the average amount held within those accounts totalling £4,739. Research by Censuswide, on behalf of personal finance firm Novuna, found that 43 per cent of respondents admitted not telling the full financial truth to their partners - though at the same time, the average couple discuss money matters seven times a month. 'Our research reveals how love and money are evolving in modern Britain, with millions quietly building 'independence funds' – as a financial safety net,' Theresa Lindsay, chief marketing officer at Novuna told The Independent. 'While younger generations are embracing joint financial planning more than ever, they're also leading a movement towards financial autonomy and honesty. It's not about mistrust – it's about empowerment, preparedness and having open conversations about money from the start.' That openness is reflected in the fact 89 per cent of respondents felt 'financially compatible' with their partners. However, it hasn't stopped an element of self-spending or taking place without letting the other person know. A third (33 per cent) admitted buying treats or frivolous spending without telling their partner and 51 per cent had savings or investments the other person had no idea about. Gen-Z and Millennials were the age groups who were most likely to have the just-in-case breakup fund, yet 25- to 34-year-olds were more likely to have fully merged finances with their partner than over 55s. 'There's a quiet shift happening in relationships today – financial independence is becoming just as important as emotional connection,' Ms Lindsay added. 'While many couples are still working together to build their future, more people are also putting individual safeguards in place, just in case.'
