A perfect storm to hit UK, forecasts Asda

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ASDA has warned of a “perfect storm” hitting the UK economy as consumers worry about losing their jobs at a time when petrol and food prices are rocketing and mortgage and utility bills are also on the increase.

The Leeds-based grocer warned of tougher times ahead, but said it is well placed to cope with the challenging market conditions.

“People are clearly worried about unemployment,” said Asda’s chief executive Andy Clarke.

 

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