First, for those who lost their jobs, Citizens Advice can help with general money advice issues. For those still with jobs, then maybe home working has saved you money on commuting, lunches and socialising with work colleagues.
Spending trends have changed too in 2020. According to Barclaycard, online grocery shopping has grown over 70% in the past year. Local independent food shops, butchers, bakers and cafes have seen nearly a 30% growth.
CAF has reported that charitable donations have remained the same over the pandemic year. It is not surprising that hospitals and hospices did particularly well.
The question for those still with jobs is, ‘what do you do with that extra money?’
The government is ensuring that everyone who had a rail or coach ticket for the Christmas period 23rd to 27th December, will be able to get a cash refund.
It is great to announce some good news in these grim times. Robert Jenrick, the government Housing Secretary is proposing new laws to scrap ground rents for millions of households, and give them a new right to extend their lease to 990 years at a far cheaper cost.
With Covid vaccinations now being rolled out across the UK, the government is hoping that people will be able to visit the high street shops, bars and restaurants without spreading the virus. Businesses will be able to get back to normal and they won't have to make redundancies.