Tesco condemned for adding to the cost of living crisis despite making bumper profits
Company chairman John Allan says ‘worst is still to come’ after raising food prices by 1%, with increases five times that possible by spring
TESCO was roundly condemned today for adding to the-cost-of-living crisis by warning of a hike in food prices — despite making bumper profits.
John Allan, chairman of Britain’s biggest supermarket, said the “worst is still to come” after raising the company’s food prices by 1 per cent in the last quarter, with increases five times that possible by spring.
He blamed skyrocketing energy bills and soaring inflation for the current situation.
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