Having trouble with Python since you updated Platform IO

Here is the exact error message:

Error: Could not create PIO Core Virtual Environment. Please create it manually -> http://bit.ly/pio-core-virtualenv 
 Error: Virtualenv Create: Traceback (most recent call last):
  File "C:\Users\jjpal\.platformio\.cache\tmp-11776v7dziOb3Jls4\virtualenv-16.7.5\virtualenv.py", line 2632, in <module>
    main()
  File "C:\Users\jjpal\.platformio\.cache\tmp-11776v7dziOb3Jls4\virtualenv-16.7.5\virtualenv.py", line 860, in main
    create_environment(
  File "C:\Users\jjpal\.platformio\.cache\tmp-11776v7dziOb3Jls4\virtualenv-16.7.5\virtualenv.py", line 1156, in create_environment
    install_python(home_dir, lib_dir, inc_dir, bin_dir, site_packages=site_packages, clear=clear, symlink=symlink)
  File "C:\Users\jjpal\.platformio\.cache\tmp-11776v7dziOb3Jls4\virtualenv-16.7.5\virtualenv.py", line 1526, in install_python
    shutil.copyfile(executable, py_executable)
  File "C:\Users\jjpal\AppData\Local\Programs\Python\Python38-32\lib\shutil.py", line 259, in copyfile
    with open(src, 'rb') as fsrc, open(dst, 'wb') as fdst:
PermissionError: [Errno 13] Permission denied: 'C:\\Users\\jjpal\\.platformio\\penv\\Scripts\\python.exe'
Using base prefix 'C:\\Users\\jjpal\\AppData\\Local\\Programs\\Python\\Python38-32'
New python executable in C:\Users\jjpal\.platformio\penv\Scripts\python.exe
        at t.value (c:\Users\jjpal\.vscode\extensions\platformio.platformio-ide-1.9.2\node_modules\platformio-node-helpers\dist\index.js:1:32251)