Purchasing a Big Mac in instalments may seem ludicrous. But whether it’s for lunch or concert tickets, more and more people are using buy-now, pay-later financing. Some fear this new form of finance is facilitating risky borrowing by consumers living beyond their means. We may not know for sure until there is a severe economic downturn. Our correspondent, though, says there are reasons to be optimistic about BNPL. Elsewhere, we examine Donald Trump’s decision to fire the person in charge of the Bureau of Labour Statistics after it released worse-than-expected jobs numbers. Mr Trump continues to undermine confidence in America’s economic data. Will anyone believe the next jobs report is on the level? |