My words of the year sum up an ‘inconvenient’ 12 months for business

Collins Dictionary picked an acronym, relatively than a term, by heading for “NFT”, or  Non-Fungible Token, which is a secret to any ordinary 78 calendar year old like me.  It turns out to be an artwork sort that utilizes a “blockchain” and is a distant relative of “cryptocurrency”. In spite of the rapid change to “contactless”’ payment in the course of lockdown, I however have income – not only to fork out my debts when dropping at golfing, but also to see the shock on a cashier’s encounter when I tender a £20 notice. “Crypto” captivated a significant quantity of new and naive buyers in the course of the calendar year, and there’s discuss of the Treasury issuing “Britcoins” to change banknotes by 2025, which only offers me 4 a lot more a long time to realize how a “digital currency” is effective.

A further acronym, “IPO”, was perfectly utilised in 2021, as a queue of firms, valued in the “billions”, floated on the London stock marketplace. For most, this followed a series of “funding rounds” to catch the attention of a rising military of buyers. Commercial actuality was of no consequence: the larger the decline, the larger the valuation.

What else? It was a calendar year when Britain proudly hosted “G7” and “COP26”, and numerous 1000’s of diplomats flew throughout the planet to discuss “climate change”.

But I conclude on a optimistic notice by proposing a term that gave numerous of us a instant of sudden pleasure. My term is “Raducanu”.

Sir John Timpson is chairman of the high-street services service provider, Timpson.

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