Tesco price cuts could spark all-out retail war

THE move by supermarket giant Tesco to slash prices could spark a nationwide price war and help stop the flow of shoppers over the border, it has been claimed.

However, food industry leaders and farmers warned that an all-out price war would threaten thousands of jobs among suppliers and distributors.

Tesco prices were cut by up to 25% yesterday morning on thousands of ranges of household goods and groceries at 11 Tesco outlets in border counties.