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Home World UK

Tesco to cut further £500m in costs to help offset Reeves’s tax rises

10 April 2025
in UK
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Tesco to cut further £500m in costs to help offset Reeves’s tax rises
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Tesco plans to cut £500m in costs to offset higher operating costs and Rachel Reeves’s tax increases, as well as invest in a price war with rivals. The supermarket chain aims to deepen existing measures to maintain profit margins amidst challenges. The company forecasts lower profits for the year due to these factors.

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