The latest UK inflation figures show that inflation has gone up 0.6% in the year December 2019 - December 2020. It is a sharp rise compared to the November figure of 0.3%.
We are now living in a society in which we use cash less. Transactions are electronic. With the unwillingness to touch other peoples’ possibly Covid infected money, we have leapt into a cashless society.
The Prime Minister, Boris Johnson is planning to cut the £20 a week extra universal credit for 6 million families. It was introduced during the first Coronavirus lockdown to help millions falling into poverty.
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.
In 2020 we either ended up with less money, as the pandemic caused us to lose our jobs, or we ended up with more as we didn’t go out socialising, going on holidays or just go shopping for the fun of it.
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.