Unhappy New Year - This is Money Show

2016 is going well - but only if you live in Leicester.

One week in, and the new year money news seems to be competing with the weather in terms of gloominess.

Luckily we have the most upbeat and entertaining trio in financial broadcasting, Simon Lambert, Lee Boyce and Georgie Frost, taking a fun look at what's been happening over the last seven days – however grim it is.

China is panicking. And when China panics, the Chinese government shuts its markets. That makes Chinese investors panic even more and then the whole world joins in. Share prices have been plummeting.

As big British chain stores start to reveal their Christmas trading figures, Marks & Spencer, which for some people IS Christmas, reveals it had a less than festive time of it.

A couple who saved really hard for a deposit, stamp duty and fees for their dream home transferred the £45,000 to the solicitor days before the move – but the transfer was intercepted by crooks and they lost it.

This is Money Editor Simon Lambert bravely outs himself as a recidivist Lotto loser dumping cash for decades into an investment that has less chance of coming good than he has of watching the opening night of Elvis Presley’s tour of the Moon.

There was some upbeat news. It has emerged that not all banks are bad all of the time – at least in terms of current accounts. You would do well to listen to the segment on the best banks for your day-to-day money affairs.

And two people won £1million each on the Premium Bonds. They both live in Leicester. It’s a fix! Or is it?