Shoppers tighten their belts as Tesco reports worst UK sales for 20 years

Shoppers are changing their habits, becoming more prudent and wasting less it was claimed today as supermarkets announced their half year results.

The UK sales performance - Tesco's worst for 20 years - highlights the squeeze on consumers' spending power as wages fail to keep up with rising prices.

The supermarket saw a 0.9 per cent fall in sales of electronics and entertainment products but overall the group recorded a 6.2 per cent rise in underlying profit to £1.9bn in the first half of the year.

Sainsbury's revealed that like-for-like sales increased by 1.9 per cent in the 16 weeks to October 1 - the same rate as in the previous quarter. Unlike Tesco, its figures include VAT.   Read More

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