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You and Yours: Under-30s spending, Abattoir conditions, Co-op turnaround?

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12/05/2016

Under-30s spending, Abattoir conditions, Co-op turnaround?

BBC Radio 4 - You and Yours, Under-30s spending, Abattoir conditions, Co-op turnaround?

Why under-30s might be paying a high price for prizing experience over things.

Consumer affairs programme. How did a halal abattoir in Norfolk continue to mistreat animals for two years after the authorities knew about the problems?

It's Super Thursday when the Bank of England gives us their quarterly inflation report and their decision on interest rates. It seems that those under 30 will face a cost of living that's higher than anybody else. New research suggests that because they prize experience over things, they're paying more for it. How sympathetic should we be if they're spending their money on lattes and eating out rather than pensions? We learn more about the research and the implications for the future standards of living of so-called "millennials".

In 2013 the Co-op made the worst losses in its history - two and a half billion pounds, much of that due to mismanagement at the Co-operative Bank. But things could be turning around. The group made a pre-tax profit of £81 million last year, up £8 million pounds on the year before. You & Yours meets the boss, Richard Pennycrook, a man who generated many a headline when he gave up 60% of his own salary for the good of the business.

And we investigate why a Halal abattoir in Norfolk was allowed to continue to mistreat animals, even though the authorities knew there were problems. Simply Halal in Banham is now after a second set of video footage showed animals in distress, two years after the first revelation. The abattoir supplied meat for at least one major supermarket. We talk to the Food Standards Agency and Vets about how this could be allowed to happen.

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