This week Nick and Jo discuss the December inflation jump to 0.6%, up from 0.3% in November. Despite facing a Christmas in lockdown, many people rushed to travel and beat Christmas restrictions, forcing up prices. Also on the agenda are the continued woes of the retail sector, with UK card spending 35% below pre-pandemic levels in the second week of January. To further compound this misery, the Centre for Retail Research are predicting 200,000 more retail job losses in the first half of 2021. Also covered is the freight traffic slump, with the volume of lorries passing between Britain and Europe down significantly this month due to soaring costs and Brexit friction.
