Deliveroo cuts UK sales forecast as cost of living crisis bites

Deliveroo said sales growth was slowing because of ‘increased consumer headwinds’. Photograph: Andy Rain/EPA

Deliveroo has cut its annual sales forecast after revealing a fall in demand for takeaways as customers cut back on spending because of the cost of living crisis.

The takeaway delivery group said that growth in total sales by gross transaction value (GTV) plunged from 12% in the first quarter to 2% in the three months to the end of June.