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Dafferns Wealth

No Jab No Job

Will it be “No Jab, No Job”?

At the end of August the CEO of Australian airline Qantas said that the pandemic had cost “billions” in lost revenue. No shock there – but on the same day another airline did come out with a surprising announcement.  America’s third-largest airline, Delta, said that it would impose a $200 (£145) monthly surcharge on employees …

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Subscription Economy

The rise and rise of the subscription economy

You may use it for beer or bread, for razor blades, watching films or even for the simple act of reading books on Amazon. The subscription economy is something that has taken a hold on a large and growing portion of the population. It used to be said that Britain was a nation of shopkeepers. …

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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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Budget Summary

March Budget Summary 2021

Setting out the government’s tax and spending plans for the year ahead, the Chancellor announced new measures to help business and jobs through the pandemic and to support the UK’s long-term economic recovery and a series of tax-raising plans to help rebalance the public finances. Here is a summary of the main points. Coronavirus support …

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Budget

March Budget 2021 Detailed

Introduction It is interesting to look back 12 months to Rishi Sunak’s first Budget: it was followed by a year none of us could have predicted or imagined. The Conservatives had won a comfortable majority in the December 2019 General Election. As expected, Sajid Javid became Chancellor and, in January, announced that the Budget would …

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Negative Interest Rates

Could we see Negative Interest Rates in the UK?

In February, the Daily Telegraph had a headline which must have alarmed savers up and down the land: ‘Savers face threat of negative interest rates.’  According to the story, the Bank of England had told the clearing banks that they ‘must be ready to introduce the policy in the next six months.’ What are negative …

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