Close to 1,000 of Tesco’s Irish employees are to be hit with significant pay cuts if the retailer succeeds in moving some of its longest-serving staff to different contracts.

Food suppliers and farmers are increasingly being squeezed by the supermarket price war in the UK, according to a new report.

Consumers are the big winners in a price war between the supermarket giants, with staple grocery items such as milk, bread and vegetables costing up to 10% less than a year ago.