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New data from the buy-now-pay-later firm Klarna suggests 95% of purchases were paid off on time. It comes as concerns remain that shoppers are getting into debt by using BNPL borrowing arrangements to pay for goods. The Government has promised to regulate the BNPL industry – but three years on there’s still no sign of it. Even some of the companies themselves say they’d welcome the transparency the regulations will bring; both for them and the consumer.
We also examine whether modern appliances are not built to last as much as they used to. It’s the focus of a new study which is examining whether household appliances such as washing-machines and microwaves have a shorter life expectancy than they did 10 years ago. We talk to the man behind the research, a listener whose three-year-old washing-machine has just packed in, and the trade body representing the appliances industry in the UK.
And – they proved immensely popular just a few years ago…so why have online marketplace sites for luxury fashion brands suddenly fallen on hard times? We get the perspective of two people who should know…Paris Correspondent from the Financial Times Adrienne Klasa, and the head of global luxury goods at the consultancy firm Bain & Company, Claudia D’Arpizio.
PRESENTER: WINIFRED ROBINSON
PRODUCER: CRAIG HENDERSON