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Asda: Prices would rise in an independent Scotland

Asda: Prices would rise in an independent Scotland Credit: Sean Dempsey/PA Wire

The CEO of Asda has said prices would rise in an independent Scotland. Following comments from John Lewis earlier, Andy Clarke said that the supermarket would have to 'reflect' the costs of operating in Scotland.

If we were no longer to operate in one state with one market and – broadly – one set of rules, our business model would inevitably become more complex. We would have to reflect our cost to operate here.

This is not an argument for or against independence, it is simply an honest recognition of the costs that change could bring. For us the customer is always right and this important decision is in their hands

– Andy Clarke, President and CEO of Asda

Asda fuel cut could spark supermarket price war

Asda is reducing the price of its petrol by up to 2p a litre. Credit: PA

Asda could spark a supermarket price war by cutting the cost of its fuel.

From tomorrow, Asda is reducing the price of its petrol by up to 2p a litre, with diesel coming down 1p a litre.

This means that drivers filling up at Asda will pay no more than 124.7p a litre for petrol and 128.7p for diesel - the lowest prices since January 2011.

Asda petrol director Andy Peake said: "It now costs £6 less than last summer to fill up a family car with fuel, meaning we're putting much-needed cash back in drivers' pockets for those bank holiday ice-creams."

Prime Minister befriends baby during Asda walkabout

Prime Minister David Cameron met one-year-old Luca during a walkabout in Asda this morning. Lucas appeared to want to give Mr Cameron his Easter Bunny balloon.

The pair appeared to get on very well, and when his mother handed him over to take a picture, she joked she was off to do her shopping, happy to leave him in the Prime Minister's apparently capable hands.

Walmart CEO: Seismic shift in retail market underway

Supermarket giant Asda is bringing real value to more customers in the UK, the president and chief executive of the store's US parent company Walmart said, after it announced it would create 12,000 new jobs over the next five years. Doug McMillon said:

It has been a pleasure to meet with the Prime Minister today and reaffirm Walmart's commitment to investing in the UK.

A seismic shift in the structure of the retail market is under way - not just in the UK but right across the world.

Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow - creating more new jobs and bringing real value to more customers in the UK.


David Cameron hails new Asda supermarket jobs

David Cameron said today he is "delighted" by supermarket giant Asda's plans to create 12,000 new jobs over the next five years.

David Cameron visits an Asda supermarket, pictured in 2008. Credit: PA

The Prime Minister who was visiting one of Asda's stores in south London, said: "Supporting business, creating jobs and cutting taxes are all part of our long-term economic plan.

"I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future."

Read: Asda to create 12,000 jobs in next five years

Tax changes please Asda boss 'but they're not this year'

Asda chief executive Andy Clarke told ITV News he was "pleased" taxation changes were revealed in today's Budget, but noted that they would not happen this year.

Mr Clarke said: "Changes in taxation that affect customers and business has a positive effect on the company, we're pleased to see some level of tax change - but it's not in this year. These are taxation changes that are going to happen in the future.

"That's good to see, directionally it's good, but for people who shop in our stores and families around Britain it's what they are going to see from tomorrow."

Scuffles in the scramble for 'Black Friday' discount TVs

There were chaotic scenes in an Asda store in Colindale, north London today as shoppers fought to get their hands on discounted TVs in the "Black Friday' sale.

Customers scrambled and pushed to snatch cut-price deals as part of "Black Friday" in frenzied scenes seen across the UK.

A woman was reportedly taken to hospital with a suspected broken arm after a stampede at one shopping centre in west Belfast.

The traditional US event usually takes place on the Friday following Thanksgiving and marks the beginning of the Christmas shopping season.

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