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A lot of times the question is asked why independents are more expensive than bigger brands.  Hopefully, the below will provide some insight.  

The Problem:

One of the biggest problems the UK faces is the use of offshore entities to not pay taxes.  The principle behind the idea is that companies don't pay TAX twice for the same product sold in the UK vs where the head office resides. There is merit in that, however in the UK it resulted in independents paying more TAX than bigger companies,  this unfair advantage is why independents are failing.  And strangely the focus is on providing tax incentives like the "Super-Diductor" program which only large companies could capitalize on.  The problem ends up being a system that rewards companies that do not spend or pay taxes locally while penalizing the companies that do.

Introduction:

As the world continues to embrace digital technology, NFTs (non-fungible tokens) are rapidly gaining popularity. These unique digital assets are revolutionizing the way we perceive art, ownership, and the value of digital content. In this blog, we'll take a closer look at what NFTs are and discuss the positives they bring to the table.

The Essence of NFTs:

NFTs are unique digital tokens representing ownership of a digital asset, like art, music, or virtual real estate. Unlike cryptocurrencies such as Bitcoin, each NFT is one-of-a-kind and cannot be exchanged on a one-to-one basis. This uniqueness gives NFTs their inherent value and opens up new opportunities for artists and collectors alike.