AN OVERVIEW OF THE CURRENT POSITION AND DEBATES ON BREXIT The word “Brexit” is an acronym for “Britain” and “exit.” It refers to UK’s secession plan from the European Union (EU). Prior to 1992, when EU launched a single market—which remains its greatest achievement and main objective—most EU countries were signatories to a free trade … Continue reading How will Brexit affect Tesco?
Tesco has shut down production at a factory in China alleged to have used forced labour to make charity Christmas cards, after a south London schoolgirl discovered a desperate message from a “foreign prisoner” inside her card. Florence Widdicombe, a six-year-old girl from Tooting, opened a card with a kitten wearing a Santa hat and found a note explaining that … Continue reading Girl finds a prisoner’s touching message inside Tesco Christmas card
Tesco is making a number of changes to its stores and offices in the UK to further simplify its business. This will entail closing counters in around 90 stores, with the remaining 700 trading with either a full or flexible counter offer for customers. The move is in response to changing customer shopping habits, which … Continue reading Tesco to downsize 9,000 workers in the UK