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A recent report has shown there was a surge in spending that surpassed pre-pandemic levels on England’s ‘Freedom Day’ on 19th July 2021.

The latest Lloyds Bank Spending Power report revealed that in the three weeks following ‘Freedom Day’, people spent 53% more on pub and restaurant visits and 41% more on cultural recreational activities (such as museums and attractions) compared to the previous year.

Shopping for clothes saw a 16% rise with a 60% increase in purchases from department stores, and 31% more was spent on electrical goods.

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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Philip Robinson, PCA, Payments and Fraud & Financial Crime Director, Lloyds Bank, commented, “Spending has now surpassed levels seen before the pandemic struck, as the UK starts to unleash some of their lockdown savings. Shopping online however, a consequence of lockdowns and social restrictions, seems to be here for the long-term as almost a third of transactions are now made on the web, compared to just over a quarter two years ago.

“Consumer confidence appears to be high following ‘Freedom Day’ but the future does remain uncertain and, with autumn around the corner, that confidence will be closely linked with the continued fight against the pandemic.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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