Raging shoppers threaten to boycott Tesco as meal deal prices rise
The price hike comes into place tomorrow with meal deal lovers facing a 25p increase.
The lunchtime option, which includes a main, snack, and drink, will cost £3.85 with a Clubcard, a 25p increase.
(Image: Newsquest)
READ MORE: Tesco and Asda suspend supplies from pig farm over animal cruelty reports
Non-Clubcard shoppers will see the price rise by 25p to £4.25.
The premium meal deal will also increase from £5 to £5.50 for Clubcard holders and from £5.50 to £6 for non-Clubcard holders.
The news broke after a leaked image of the new prices was posted on Reddit writing: "hardly a deal."
READ MORE: Tesco store forced to close after 'disturbance' broke out
(Image: Newsquest)
Users quickly responded to the thread with one saying: "All the supermarkets raising their meal deal prices is so so so stupid, why would you not want to be the best price? Greed vs greed."
Another posted: "I hope this isn't true. Might as well get rid of the meal deal if Tesco keeps upping the price."
A third added: "I will be boycotting the meal deal from when this hike occurs."
A fourth moaned: "£3.60 I could still defend, getting a bit mad now though."
READ MORE: Millions of Tesco shoppers can earn extra Clubcard points worth up to £50
A year ago, Tesco raised the meal deal price from £3.40 to £3.60 for Clubcard holders and from £3.90 to £4 for non-Clubcard holders.
And in October 2022, the price increased for the first time in a decade, from £3 to £3.40 for Clubcard members and from £3.50 to £3.90 for others.
Tesco's lunchtime meal deal is popular, offering a wide variety of choices, from sandwiches, wraps and sushi for the main, to snacks such as crisps, chocolate or fruit, along with drinks including Lucozade and iced coffee.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Azets partner advises re-evaluation of business structures due to CGT changes
Tina Harris, a partner and specialist in corporate tax advisory at Azets, has advised business owners to reassess their company structures, especially if they are contemplating a sale. This recommendation comes in light of recent increases in Capital Gains Tax (CGT) rates applicable to shares in trading companies, with further tax rate hikes for Business Asset Disposal Relief (BADR) set to take effect next April. Harris emphasised the importance of prompt action for company owners contemplating a sale, stating that they should 'act immediately'. She noted that there are 'legitimate' strategies available to mitigate the impact of rising taxes. Introduced in the 2008/09 tax year, Entrepreneurs' Tax Relief aimed to incentivise the establishment of businesses in the UK by reducing the CGT rate on qualifying disposals. Under this relief, qualifying individuals enjoyed a reduced CGT rate of 10% when selling shares in their personal trading companies, compared to the standard rates of 18% or the higher rate of 28%. The scheme underwent significant changes in 2018, when it was renamed BADR. The conditions were tightened, and the lifetime allowance was reduced from £10m ($13.45m) to £1m. Harris commented: 'For many years there was a 10% effective rate of Capital Gains Tax that owner managers could benefit from on sale/retirement, but this ended on 5 April 2025, when the rate increased to 14% with the main rate of CGT having increased to 24% from 30 October 2024. 'However, from next April, the rate of tax where BADR applies will be 18%. 'In less than ten years the CGT payable on £2m of qualifying gains has more than doubled. 'We want to highlight this and get people thinking about their options well in advance of any sale.' Harris indicated that those who are most likely to benefit from such advice include shareholders of trading companies planning to sell within the next one to five years, individuals with shareholdings exceeding £1m, or those who have more than they intend to spend in their lifetime, as well as people wishing to benefit family members from the sale proceeds. She added: 'Business Asset Disposal Relief has been a factor that has influenced how company ownership is structured. People have kept companies outside of a group structure so they can sell them separately, they have given 5% of the shares in their companies to spouses and, in some cases, other family members. 'People with valuable companies need to determine whether their company structure still works for them, given these changes, particularly if their shareholdings are worth more than £1m and more than they would want/need to spend. 'There are options that could now benefit owners of trading companies more than ever before, such as having a holding company giving flexibility as to whether to sell the holding company or trading subsidiaries. 'As well as providing opportunities to reduce the tax payable on a sale there may also be IHT [Inheritance Tax] and commercial benefits and we would urge anyone in this position to seek comprehensive professional advice.' "Azets partner advises re-evaluation of business structures due to CGT changes" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
BlackRock research arm bigs up hedge funds to investors
LONDON (Reuters) -The BlackRock Investment Institute believes investors should bulk up their exposure to hedge funds, the company said on Thursday. The research arm of the asset manager suggests investors dedicate up to 5% of their portfolios to hedge fund investments, the highest the institute has ever recommended. Investors might take money from holdings in developed market government bonds and instead use this money for less risky hedge funds, it said in a note. Allocators comfortable with a bit more risk could take money from the stocks portions of their portfolios and instead redirect that money at higher risk hedge funds. The asset manager side of BlackRock, which also acts as a middleman for investors wanting to spend money on hedge funds, oversees $76 billion in hedge fund assets including direct hedge fund investments and hedge fund-related businesses, the company website says. U.S. President Trump in August signed a White House order directing regulators to expand access to alternative investments to 401k retirement portfolios, like hedge funds, adding a new layer of risk open to ordinary investors. BlackRock, which lobbied the Trump administration to expand asset options, plans to launch its own retirement fund that includes private equity and private credit assets next year. The broader hedge fund universe returned 1.1% in July and returns are up 5.2% so far in the year to July 31, figures from PivotalPath showed. Hedge funds are up roughly 8% over the past five years on an annualized basis. The S&P 500 and Nasdaq stock indexes have both risen roughly 9-10% this year. JPMorgan's global government bond fund was up around 2% as of July 31, it says on the bank's website. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Sony Hikes PlayStation 5 Price To Cover Tariffs And Gamers Are Furious: 'Trump Is 100% To Blame'
Sony has announced a $50 price hike for all three versions of its flagship video game console, the PlayStation 5, in the United States — and social media is furious. The company previously confirmed President Donald Trump's ongoing trade war could lead to rising prices. Sony's vice president of global marketing, Isabelle Tomatis, broke the news Wednesday. 'Similar to many global businesses, we continue to navigate a challenging economic environment,' she wrote. 'As a result, we've made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the U.S. starting August 21.' Related: Buyers will now have to shell out $549.99 for a base model, which originally cost $500 when it hit stores in 2020, and spend almost $500 for a 'Digital Edition,' which doesn't contain a disc drive and initially cost $450 — or spend about $750 for the coveted 'Pro' version. Related: The Japanese company didn't mention Trump's tariffs on U.S. imports Wednesday, but it did acknowledge them in May — when Chief Financial Officer Lin Tao confirmed in an earnings call with investors that Sony might 'pass on' the cost of the tariffs to consumers. Gamers on social media were shocked by the ramifications of Trump's trade war. 'The first console generation that I can ever remember in my lifetime where prices of consoles have been raised over time instead of lowered,' one user wrote Wednesday on X, formerly Twitter, with another person commenting: 'Thank a Trump voter for this.' Trump announced a sweeping 10% baseline tariff in April on all imports, with levies on dozens of countries set even higher. While he has defended his tariff policies as a just crusade to revive American manufacturing, they have sparked fears of a global recession — or worse. Trump's executive order imposes a 15% tax on products from Japan and went into effect two weeks ago. 'I want to point out that while trump is 100% to blame, Sony could 1000000% just eat those tariff charges if thats all they're bumping it up to,' one person argued Thursday on X, while another wrote plainly: 'Gamers who voted for Trump did this to you all. Dummies.' Related: The debate seems entrenched in these camps, with one side blaming Sony for passing the buck and another lambasting Trump for his trade war. Another faction, meanwhile, is just plain baffled that a five-year-old console can be so darn expensive in the first place. Related... U.S. Producer Prices Surge In July As Trump Tariffs Push Costs Higher Sony Hikes PlayStation Console Prices, Citing Global Economic Turmoil 'This Is Socialism': Right-Wing Host Short-Circuits Over Trump's 'Terrible' New Move
