January 9, 2018 in Indian Finance News

Food sales give comfort to bleak UK retail outlook

Inflation-squeezed British shoppers cut back on almost everything other than food in the last three months of 2017, leading to the biggest fall in non-grocery spending since 2009, industry figures showed. As David Pollard reports, Britain’s biggest supermarket group Tesco was the best performer over Christmas, beating its “big four” rivals Sainsbury’s, Asda and Morrisons.