News


Back to Latest News Headlines

UK supermarkets announce price reductions


Date: 30th June 2008

As a consequence of the rising popularity of lower-price supermarkets in the UK, two leading names have announced measures to reduce prices.

With the growth of Aldi and Lidl in the UK, Asda over the weekend opted to reduce the cost of ten "staple items", bringing prices down to 50p, while Tesco has announced plans to reduce the price of 3,000 products as of today.

"Times are getting tough and people are feeling the pinch so we have reduced the price of these 10 staple items over the weekend," said a representative from Asda, a company established in 1965.

A representative from the National Consumer Council, added in a report by the BBC: "Whether these are headline-grabbing gimmicks or a longer-term trend, it is just too early to tell. We would urge retailers to keep offering healthier options at affordable prices."

Asda's range of staple produce included items such as bread and eggs.



Related Articles

30th June 2008 - UK consumer confidence falls
26th June 2008 - Businesses face 'unstable situation'
26th June 2008 - Rising costs 'fault of government'
26th June 2008 - Small companies 'could help EU'
24th June 2008 - Expert highlights benefits of VoIP


Questions & Answers

Do I need a PAYE scheme?

Q: I have recently set up a limited company but as I have paid tax in this tax year my accountant has suggested not to take any salary until April 2008. As I am not paying any wages do I still need to set a up payroll scheme for the company now?

The answer can be found in our Questions and Answers section.

Self Assessment Tax Return Help...

Tax Return Help Worried about completing your tax return?

Let TaxAssist Accountants take this hassle away by completing it for you.

For more information on filling out Tax Returns please click here.


 

Call TaxAssist Accountants on 0800 0523 555   0800 0523 555
Call TaxAssist Accountants on 0800 0523 555

News for small business


Feel free to join our newsletter and receive tax news every month suitable for small businesses.

View the Latest Newsletter

Services

> Accounts Production
> Business Start-ups
> Tax Savings
> Tax Returns
> Payroll (PAYE)
> Bookkeeping
> VAT
> Cashflow Projections
> Capital Gains Tax
> Property Tax
> Corporation Tax
> Limited Companies

Local Accountant

We provide a range of accountancy services to around 25,000 clients in the UK and with over 160 offices we will be local to you.

Please contact us today to enquire about our services.