The boss of Tesco has said the government should make cost-of-living support “more targeted” for the vulnerable as he issued a warning over food poverty.
Ken Murphy, chief executive of the supermarket giant, said he has seen positive signs of shopping behaviour in Tesco stores since energy bill support was handed out to UK households from October. However, he suggested that improvements could still be made to financial support.
Mr Murphy told the PA news agency: “It looks like the action by the government has helped but I believe it can be more targeted in the form of who it helps, to help the vulnerable. There should be a case for more means testing with support. There is a certain responsibility that should be shared by businesses, government and communities to help those most at need.”
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Mr Murphy said he “cannot predict” if food poverty will worsen but said Tesco is steadfast in its commitment to keeping prices affordable for all customers amid the uncertain backdrop. It came as the retailer launched it first “reverse supermarket”, where shoppers can purchase food for donations for vulnerable people rather than for themselves.
Tesco is working with charity partners FareShare and the Trussell Trust for the Give Back Express pop-up shop on Poland Street in central London over this weekend. FareShare has forecast that it will redistribute more than 13,000 tonnes of food to people this winter as rampant energy bill rises weigh on households.
The Trussell Trust also confirmed that 320,000 people used a food bank for the first time between April to September this year and warned that demand in continuing to rise. Tesco said this winter will be “increasingly challenging” for many families as it hailed support from customers and staff through food donations.
Mr Murphy said the retailer has witnessed increased pressure on its customers’ budgets over the past year, with more turning to value product ranges. “We have seen many shoppers have been pricing down, which highlights the importance of having a range of pricing,” he said.
“We can’t control the future but I expect the demand for these lines will still be strong over the next 12 or 24 months.”
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