Bitesized Blighty: April 28, 2017
- High street giants such as Marks and Spencer and McDonald's are preparing to enter the crowded market of online food orders for home delivery. McDonald's has unveiled a pilot fast-food delivery service in the London area, while Marks and Spencer’s is being cautious about its plans, saying that it wants to undertake "a soft trial in the autumn."
- Customers of Lloyds Bank, Halifax and NatWest were up in arms after an online glitch saw many lose access to their accounts and payments disappear. The glitch, which affected all three banks' online service, occurred on what is payday for most of the British workforce. All three banks said the issue had been resolved, with 'missing' transfers to reappear in customers' accounts by the end of today.
- Official figures have shown a slowdown in the UK economic growth in the first quarter, economists are now asking whether this is the beginning of the Brexit stagnation. Gross domestic product, rose 0.3 per cent in the first three months of the year vs. 0.7 per cent growth rate recorded in the final quarter of last year. GDP figures, consumer-facing services — predominantly shops and hotels — have also borne the brunt of the first-quarter slowdown, with both the volume and the value of retail sales falling. The outlook remains highly uncertain, dependent on how consumers and companies react to the rapidly changing business and political environment — especially in light of the hastily scheduled UK general election on June 8.