Finance
UK consumer sentiment is 'mixed', says Tesco boss
Published by Global Banking & Finance Review®
Posted on January 8, 2026
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 8, 2026
1 min readLast updated: January 20, 2026
UK consumer sentiment is mixed, with a divide in spending power. Tesco's CEO emphasizes employment as crucial to consumer confidence.
LONDON, Jan 8 (Reuters) - British consumer sentiment is "mixed", with a marked divide between those who have cash to spend and those who don't, the boss of Tesco said on Thursday.
"There's no doubt that consumer sentiment is mixed," Ken Murphy told reporters after Tesco updated on Christmas trading.
"You are seeing consumers whose household budgets are in pretty good shape and then you're seeing a lot of people that are really counting every penny," he said.
Murphy drew comfort from what he saw as still resilient employment in the UK economy.
"I think employment is the key factor in how consumers feel about the world," he said.
"Despite comments to the contrary, people enjoyed Christmas, they spent," he added.
(Reporting by James Davey, Editing by Paul Sandle)
Consumer sentiment refers to the overall attitude of consumers towards the economy and their financial situation, influencing their spending and saving behaviors.
Household budgets are financial plans that outline expected income and expenses for a specific period, helping families manage their finances effectively.
Employment refers to the condition of having a paid job, which plays a crucial role in economic stability and consumer confidence.
Retail trade involves the sale of goods and services directly to consumers, playing a significant role in the economy by influencing consumer spending.
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