Tesco's Tactical Trim: Costs Trigger Cutbacks!

Tesco, the UK's largest supermarket chain, has decided to shorten the opening hours of some Express stores. Instead of closing at 11pm, these trial "Express Lite" stores will shut at 10pm. This change comes after increased staff costs—a result of Rachel Reeves’s tax policies. Employers now face a higher National Insurance contribution. Tesco aims to cut £500m in costs to manage increased financial pressure. Unions are wary, raising concerns about low staffing and how these adjustments affect workers. Competitive pricing wars with Asda add to Tesco’s challenges. Both chains strategize through varying prices to entice cost-conscious customers.