Bank of Son and Daughter, Trams, Midnight Product Releases
We talk a lot about the bank of Mum and Dad, but a new survey reveals that wealthier young people are causing a rise in the bank of son and daughter.
The Bank of Mum and Dad has grown significantly as older people that have made money through rising house prices give to their children. However, financial planning company Saltus have found that wealthier young people are driving growth in the bank of son and daughter. It found that over half of people with more than £250,000 in savings were supporting their parents with living costs.
On Wednesday, the government will announce a £15 billion boost to improve public transport outside of London. Some major cities like Leeds and Bristol have long hoped for tram networks, so could the new very light rail system in Coventry provide some inspiration? The city lost its tram system in the Blitz in 1940 and now small 60-person trams are being trialled in the city. The new trams will be delivered in less time than standard tram systems and at a tenth of the cost, so could this work elsewhere?
When you order flowers, it is usually for an important occasion so it can be extremely distressing if they don’t arrive on time – or at all. However, customers from the website Flower Shops Network report that they haven't been receiving their flowers, or a refund. We ask the company what is going on - as well discussing the red flags to look for when online shopping and how to decipher whether reviews are trustworthy.
Last week the Nintendo Switch 2 was released at midnight in the UK, with many people queuing up outside shops for hours to get their hands on one. In previous decades midnight releases for games consoles and books attracted hundreds of thousands of people. As retailers try and bring people back to the high street, will we see these events make a return?
PRESENTER: WINIFRED ROBINSON
PRODUCER: CHARLIE FILMER-COURT