Word needs additional permissions
I have MS Office 2016 running on my 2016 MacBook with Monterey 12.6.5.
Recently when using MS Word it tells me that I need additional permissions to be granted access to do anything with a newly created files and some other files in the .docx format. I can't find a solution to grant myself access. It has been suggested that MS have 'pulled the plug' on my software and the only solution is to subscribe to Office 365. Is this correct or is there another solution please?
MacBook Pro 13″, macOS 12.6