day continues more than four years after their deaths. the chief executive of tesco, dave lewis, has been giving evidence at the trial of three former executives at the supermarket. they're on trial on fraud charges, in connection with an alleged multi—million pound accounting scandal. earlier our business correspondent emma simpson sent us this update from outside southwark crown court. today we have the boss of britain's biggest retailer taking a stand as a witness for the prosecution, coming face—to—face with his three former senior executives on trial for alleged fraud and false accounting. we spent the morning learning about the chronology of events leading up to the moment when dave lewis learned about this huge gap or black hole as it has been described in the company's hole as it has been described in the compa ny‘s accounts. dave hole as it has been described in the company's accounts. dave lewis, remember, only started this job three weeks earlier having been parachuted in to try to turn tesco around. things were so bad he volunteered to start earlier than planned.
year's fall in the value of the pound drops out of the calculations. tesco has ‘welcomed' a decision by the competition and markets authority to provisionally clear its £3.7 billion takeover of the uk‘s largest food wholesaler, booker. the cma said the deal could even increase competition in the wholesale market and reduce prices for shoppers. house—price ‘north—south‘ divide has narrowed according to officialfigures... in northern ireland rose by 6% in the year to september, compared with a 5.7% rise in england, a 5.3% increase in wales, and a 3.1% rise in scotland. and inflation remains at 3%, what does it mean? inflation on average is the rise in prices of things we buy. when we look at the figures, we compare them to what they were a year ago. what that figure is telling us is the things you are bang in the shops today are costing you 3% more than a year ago. that is significant because of wage growth. we have got figures coming out tomorrow. the most recent figures show it is at 2.2%, if inflation is at 3%, that is the gap which is causing the squeeze in our incomes w
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