Royal Mail could cut letter deliveries to five or as little as three days a week, under proposals outlined by Ofcom.
The watchdog’s report was seen as a blow for households and small businesses but clearly cheered investors, as the group’s shares jumped.
Cutting back is highly controversial but do we still need daily post – and could five or three day-a-week deliveries really make the service better?
On this episode of Lunch Money, Helen Crane and Simon Lambert, of This is Money, look at what Ofcom said and how it could impact consumers.
Meanwhile, Victoria Scholar, of interactive investor, explains why this is seen as good for investors and where parent group International Distribution Services makes its money.
Across the Atlantic, members of the stock market-dominating Magnificent Seven have been releasing results. Netflix smashed expectations but Tesla has revealed a big drop in profits.
And finally, we have the latest round of bank switching figures out – Lunch Money looks at which banks are top of the pops and who is losing current account customers.
