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Future of British Business

Tesco CEO Says Shoppers Are ‘Terrified’ of Inflation

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UK Inflation Rises to Fresh 40-Year High in May

More than 75% of people are “terrified” of the effect the cost-of-living crisis will have on their families, according to the head of Britain’s largest supermarket. 

Tesco Plc Chief Executive Officer Ken Murphy said the grocer has done a lot of research about how people are feeling right now as they battle the worst inflation to hit Britain in 40 years -- “and this is the word they use - ‘terrified’.”