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Dafferns Wealth

The Covid Bill

Who will Pay the Bill for Covid-19?

Government borrowing is at its highest level since the Second World War. According to the Office for National Statistics it reached £303.1bn in the year to March – nearly £250bn higher than in the previous year. Borrowing in March was £28bn – the latest month to set an unwelcome record. Borrowing in the year to …

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High Street Banks

Where Will High Street Banks be in Ten Years’ Time?

You will likely have grown up knowing the ‘big four’ banks and their presence on every high street. Barclays, NatWest, Lloyds and HSBC (which you may remember as Midland Bank) were prominent in almost every town. If you needed a loan – especially if it was for business purposes – then your first port of …

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Market Commentary July 2021

Market Commentary July 2021

Introduction “Amazon made millions but paid no tax.” You can substitute Facebook or Google for Amazon and, these days, you can probably substitute “billions” for “millions” but it remains a story we’ve told countless times. One of the tech giants has reported bumper revenues and/or profits and while doing so paid less tax than a …

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