"The success of the UK’s vaccination programme has allowed the country to proceed without any problem along the path towards a full reopening of the economy.

There are clearly still several bumps in the road to be negotiated and having come so far, there is genuine concern that the Indian Variant that has been seen in several areas of the country could delay the whole process.

Prime Minister Boris Johnson remains cautious, saying all the right things about maintaining social distancing etc., so unless there is a major change to the current data the full removal of restrictions remains on schedule.

Inflation was always known to be the likely outcome of the measures that have been put in place to help economies survive the Pandemic. The rate at which price increases will take place appears to be varied according to how the stimulus has been applied.

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