Tesco: People watching every penny to make ends meeton October 5, 2022 at 6:37 am

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

The UK’s largest supermarket chain has announced a further boost to pay for its UK workers.

Tesco shop frontImage source, Getty Images

Tesco has said people are “watching every penny” as they try to make ends meet, amid rising costs.

The UK’s largest supermarket chain said customers are looking for ways to make their money go further, including cutting back on eating out.

It came as Tesco reported a fall in half-year profits and warned full-year profits would be at the lower end of its previous guidance.

Tesco also announced a further boost to pay for its UK workers.

The cost of living is increasing at its fastest rate in nearly 40 years, driven by the rising cost of food and energy.

It is eating into household budgets, with prices rising faster than wages.

“As we look to the second half [of the year], cost inflation remains significant, and it is too early to predict how customers will adapt to ongoing changes in the market,” said Ken Murphy, Tesco’s chief executive.

“We know our customers are facing a tough time and watching every penny to make ends meet.”

- Advertisement -




Mayor among dead as gunmen launch attack in Mexican townon October 6, 2022 at 3:38 am

At least 18 people are killed in the shooting which is being blamed on the Los Tequileros crime gang.Image source, Totolapan governmentGunmen have killed...

Lady Gaga dog walker shot: Gunman gets 21-year prison sentenceon December 6, 2022 at 9:59 am

Ryan Fischer was shot by James Howard Jackson while walking two of the singer's French bulldogs.Image source, Getty ImagesBy Kathryn ArmstrongBBC NewsA man who...

Cost-of-living crisis: Labour say Parliament must be recalledon August 19, 2022 at 2:53 am

MPs should come back two weeks early on 22 August ahead of the energy price cap rise, the party says.MPs should come back two...

Maida Vale deaths: Yasmin Chkaifi had ‘big, caring heart’on February 2, 2022 at 8:39 pm

Yasmin Chkaifi is described as a "loving, amazing" woman and leaves behind a husband and two sons.Image source, FamilyA woman killed in the street...

Chiropractic Science and Chiropractic Medicine – Are Chakra Energy Factors to Be Credited?

Priyank Chopra is not an orthodox doctor and he has no medical degree from any school that could be labeled as scientific or professional....