Tesco CEO Advocates for 'Pro-Growth, Pro-Jobs' Budget

Tesco, the largest supermarket chain in Britain, is pressing the government for a more growth-oriented and employment-friendly budget. Speaking on Thursday, CEO Ken Murphy emphasized the importance of a budget that supports economic growth, thus easing the financial burdens on consumers.

The call from Murphy comes as Tesco raises its profit forecast, hinting at stronger financial performance amidst the economic challenges. The CEO expressed hope that a revised budget could aid customers struggling with rising living costs.

Historically, budgets have added significant payroll expenses to businesses, with Tesco facing additional charges running into hundreds of millions of pounds. This plea for fiscal adjustment seeks to reverse such economic strains.

(With inputs from agencies.)