McDonald's to reopen 700 restaurants for dine-in | UK Market Update

  • July 21, 2020 03:00 AM BST
  • Team Kalkine

Grocery sales rose at the fastest pace since records began in the three months to 12 July, as Britons shifted to making meals at home during the temporary closures of restaurants, cafes and workplaces in the coronavirus lockdown. Sales of groceries, excluding takeaway food and drink, rose 16.9% in the three-month period, with local shops and online services seeing the bulk of that growth. Online grocery sales jumped 92% in the four weeks to 12 July, rising to 13% of the grocery market from just over 7% before the lockdown started. Independent convenience stores increased sales by 59.5% over the three-month period, with the Co-operative and Iceland benefiting from a trend towards shopping closer to home.

The UK government borrowed a record £127.9bn between April and June as tackling the coronavirus pandemic took its toll on the public finances. The figure - the difference between spending and tax income - was more than double the £55.4bn borrowed in the whole of the previous tax year. However, borrowing in June was lower than in May at £35.5bn. The re-opening of more retailers and other firms saw a drop in furlough scheme spending and a rise in tax take. The figure took total government debt to a record £1.98 trillion.

McDonald's has announced it will reopen around 700 dine-in restaurants across the UK from tomorrow but customers will need to leave their contact details and food will be served by table-service only. The fast-food giant confirmed customers would be able to enter hundreds of their UK establishments from July 22 in a move which will also allow some restaurants to take part in the Chancellor's 'Eat Out to Help Out' scheme next month. The move, which follows a successful trial at four UK restaurant sites, comes just weeks after McDonald's reopened its Drive Thru and McDelivery services amid the coronavirus pandemic.

#UK #Mcdonald #trending #Kalkine

 


Disclaimer
The website https://kalkinemedia.com/uk is a service of Kalkine Media Ltd (Kalkine Media), Company Number 12643132. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK