Tesco chairman John Allan
(Picture: PA)Many cash-strapped families are “suffering”, the boss of Tesco said on Friday, as new figures showed that Christmas proved tougher for UK retailers than expected.
Retail sales dropped by one per cent in December as soaring inflation forced shoppers to cut back. Economists had predicted a 0.5 per cent rise. Although food sales proved more resilient, dropping just 0.3 per cent, non-food shops saw a 2.1 per cent fall.
