‘Shocking’ one in five UK households lack enough money to live on each month, says Asda boss | Politics news | Daily News Byte

‘Shocking’ one in five UK households lack enough money to live on each month, says Asda boss |  Politics news

 | Daily News Byte


The chairman of one of the country’s biggest supermarket chains says it is “shocking” that one in five families in modern Britain do not have enough money to live on each month.

Asda boss and Conservative peer Lord Stuart Rose told Sky News’ Beth Rigby Interview program that people are eating less and cutting back on shopping as they struggle to provide for their families. living expenses emergency

Lord Rose said 20% of all households in the UK were “running a £60 a month deficit”.

“Listen we do a survey at Asda, which I chair [of]Where we know 20% of households in the UK are running a £60 per month deficit, 20% of all UK households,” he said.

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Describing living conditions as “very hard”, Lord Rose continued: “So what we’re going to see is that people, I think, will want a good Christmas, they’ll want to have a nice celebration on that day, they’ll want to look after their children. .

“But they’ve been very thoughtful about what they can afford and what they can’t.”

Asked whether Asda surveys suggest that one in five families are running a monthly deficit so they are in debt by the end of the month, Lord Rose replied: “True.”

He added: “It is shocking that we live in a place today, where a fifth of all families are struggling.

“I’ve seen it myself in stores. People come up to the counter and say, well, actually, I’ve spent £25 of my £30 this week and won’t put any more in until then.”

As the cost of living continues to rise, organized industrial action is taking place across sectors in the UK, including healthcare. nurses And Paramedics hang out with Postal workers, Border Force agentsFirefighters, driving instructors, bus operators, airport baggage handlers and even coffin makers.

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Giving his thoughts on the winter of strikes, Lord Rose suggested that some workers were “pushing a bit harder than perhaps they should”, and asked individuals to be “considerate”.

“We need to look at each case on a case-by-case basis,” he said.

“I’m not going to go into the detail of who I think got the better cases and the worst cases. But some people are pushing it a little harder than they should. And some people deserve the rise.

“So it’s not a question of who deserves a raise, it’s a question of how much can we give people and when can we do it?

“And if we all just take a little thought or give some thought to the implications, if we get it wrong, we might just end up in the right place.

“So I’m not asking people to sacrifice. I’m asking people to be thoughtful.”

Lord Rose continued: “Nurses definitely deserve a pay raise. But, you know, at the end of the day, nurses are asking for big double-digit raises. Now you have to ask yourself, is it affordable?

“The answer is, in the current state of the National Health Service, it probably isn’t.”

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The Conservative peer also suggested that former prime minister Boris Johnson was bad for business because “the relationship between government and business has been very rocky over the last two or three years”.

He continued: “It’s not a question of like or dislike. You know, when you have a leader you expect your leader to be fit for purpose. And I don’t think Boris Johnson is fit for purpose.

“It’s good to see under the new premiership that we’ve started now. So let’s build some bridges.”

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Lord Rose added that he believed Brexit “didn’t work the way it was sold”.

“We didn’t take advantage of significant trade deals elsewhere. We didn’t deregulate. We didn’t get the best leverage in any form or fashion that we thought we were going to get,” he said.

Responding to Chancellor Jeremy Hunt’s OBR Brexit forecast controversy and not acknowledging the impact on the economy of leaving the EU, Lord Rose added: “I think that’s nonsense. You can’t ignore the facts.”


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