Every day we tell each other stories; stories are like glue. They bond us through shared experiences. The story we told ourselves this year was that we had to unite in the face of a deadly virus, and everyone had to tighten their belts and reduce discretionary spending to avoid an unsustainable inflationary boom; as a significant percentage of the workforce are laid up on furlough under the Coronavirus Job Retention Scheme.

Statistics show the total number of claims to date have been steadily rising, and these are published by HMRC monthly and dated to the Sunday of the previous month. The total number of claims to date has risen to £46.4billion from a…