March 4, 2024

Justice for Gemmel

Stellar business, nonpareil

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

Collins Dictionary picked an acronym, somewhat than a phrase, by going for “NFT”, or  Non-Fungible Token, which is a thriller to any regular 78 calendar year old like me.  It turns out to be an art variety that utilizes a “blockchain” and is a distant relative of “cryptocurrency”. Regardless of the swift shift to “contactless”’ payment all through lockdown, I however have money – not only to pay back my debts when dropping at golfing, but also to see the surprise on a cashier’s confront when I tender a £20 note. “Crypto” captivated a considerable number of new and naive traders all through the calendar year, and there is converse of the Treasury issuing “Britcoins” to exchange banknotes by 2025, which only provides me 4 additional decades to recognize how a “digital currency” works.

Another acronym, “IPO”, was perfectly employed in 2021, as a queue of firms, valued in the “billions”, floated on the London stock marketplace. For most, this followed a collection of “funding rounds” to catch the attention of a rising army of traders. Professional 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 hundreds of diplomats flew across the entire world to explore “climate change”.

But I end on a constructive note by proposing a phrase that gave numerous of us a moment of unpredicted satisfaction. My phrase is “Raducanu”.

Sir John Timpson is chairman of the high-avenue products and services provider, Timpson.

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