Worse on way

Tesco fears over food bills | Rent, jobs & NG Tan ay pensions worry

- BEN GLAZE

THE worst is still to come for families battling the cost-of-living crisis, the boss of Tesco has warned.

Chairman John Allan said the supermarket's food prices were set to soar by 5% by the spring.

The latest cost surge will “squeeze” the poorest households struggling with bills, he admitted yesterday.

He told the BBC: "Food is a bigger proportion for those on the lowest incomes.

“So we're concerned particularly about what can we do to try to protect those who are hardest up, who are going to suffer most.

“Although food price inflation in Tesco over the last quarter was only 1%, we are impacted by rising energy prices, our suppliers are impacted by rising energy prices.