My words of the year sum up 12 “inconvenient” months for business Business

Collins Dictionary chose an acronym, rather than a word, choosing “NFT,” or non-fungible token, which is a mystery to any average 78-year-old like me. It is an art form that uses a ‘blockchain’ and is a distant relative of ‘cryptocurrency’. Despite the quick switch to “contactless” payment during lockdown, I still have cash – not only to pay off my debts when I lose at golf, but also to see the surprise on a cashier’s face when I hand over a £ 20 bill. “Crypto” has attracted a significant number of new naïve investors during the year, and there is talk of the Treasury issuing “Britcoins” to replace banknotes by 2025, which only gives me four years. more to understand how a “digital currency” works.

Another acronym, “IPO”, was used well in 2021, as a line of companies, valued in “billions”, floated on the London Stock Exchange. For the most part, this followed a series of “fundraising rounds” to attract a growing army of investors. The commercial reality was inconsequential: the greater the loss, the greater the valuation.

What else? It was a year when Britain proudly hosted the ‘G7’ and ‘COP26’, and thousands of diplomats flew across the world to discuss ‘climate change’.

But I end on a positive note with a word that gave many of us an unexpected moment of pleasure. My word is “Raducanu”.

Sir John Timpson is chairman of the consumer service provider, Timpson.

Send him a question at and read more answers from his Ask John column here

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This notice was published: 2021-12-12 13:00:00

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