UK shoppers cutting back even on essentials, warns Poundland owner

Pepco says ‘acute spike in inflation’ and lack of wage rises forcing consumers to spend less

The cost of living crisis has prompted UK shoppers to cut back even on essential items as wages fail to keep pace with inflation, the owner ofPepco Group, which owns Poundland in the UK, Dealz in Ireland and the Pepco chain across Europe, said that while the absolute levels of inflationary pressure were greater in central and eastern European markets, higher wages in those regions were substantially offsetting this in the short term.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Guardian news /  🏆 28. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK shoppers cutting back even on essentials, warns Poundland ownerPepco says ‘acute spike in inflation’ and lack of wage rises forcing consumers to spend less
Read more »

Share your stories and pictures of UK Pride over the last 50 yearsTo mark the 50th anniversary of the first Pride event in the UK, we would like to hear your stories
Read more »