Retailer Cautions on Budget's Effect on Living Costs
Murphy urged avoiding higher taxes to ease living costs.
Tesco faces rising costs from employer NI and packaging levies.
British households cut 6,500 products with 9% price cuts last year.
Tesco raised full-year outlook to £3.1 billion with £1.67 billion profit.
UK sales up 4.9% in first half of 2025.
Murphy warned past budgets raised costs and urged tax restraint.
Inflation expected above 5% next year, stressing grocers.
British shoppers worry about future as Tesco prepares for Christmas.
1 month ago