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Dafferns Wealth

Stimulus Package

Will Biden’s huge Stimulus Package Work?

When Joe Biden was inaugurated as President back in January there was much talk of his proposed stimulus package for the US economy. The figure generally talked about was $1.9tn (£1.36tn), an eye-watering sum of money. To give you a comparison, the National Audit Office in the UK is currently saying that the Government has …

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Is Cash too Safe

Is cash too safe?

One of the great themes of the past 16 months has been accidental savings: the amount people in the UK have “saved” by the simple expedient of not being able to go out and spend.  “Thrifty Brits stash the cash in lockdown” has been a typical headline, quickly followed by an estimate of how much …

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Market Commentary August 2021

Market Commentary August 2021

Introduction As everyone expected, July saw the G20 endorse the plan from the G7 meeting in Cornwall to set a minimum global rate of corporation tax. A headline in City AM proclaimed that US tech giants could face a $28bn (£20bn) tax bill, with suggestions that the tax could raise as much as $87bn (£63bn). …

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