Ken Murphy, Tesco’s chief executive is urging the government not to “make it harder” for the grocery sector keep prices lower for customers ahead of Rachel Reeves Autumn Budget.
Tesco’s chief has said that household budgets are squeezed and he is urging Reeves not to place further pressure on grocers.
Murphy said, “What we’d love to see is a Budget that’s pro-growth and pro-jobs which, as a result, will help customers with the cost of living.
“We know that people are worried about what lies ahead and we’re seeing that in the consumer sentiment.
“As a food retailer, we operate in a very competitive and very tough environment, and I think our one ask is don’t make it harder for the industry to deliver great value for customers.
“In the last budget, the industry incurred substantial additional operating costs.
“We’re doing our best to deal with them but enough is enough.”
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