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How Do Government Policies Affect Tesco

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UK government policy and business performance
A government policy is a plan or cause of action with the intension of guiding a unit and determining decisions. Evaluation and discussion will be based on Tesco. Tesco is the biggest supermarket chain in the United Kingdom. Noteworthy, government policies of the UK have a notable influence in the way Tesco performs.
Impact of government policies on Tesco
A crucial area where government policy is imposed is in the state of economy. Taxation is an economic factor that affects Tesco business costs. Being a big company, Tesco has an approximate market share of around 30% of the UK economy. In the recent past, the UK government has increased its value added tax …show more content…

The UK monetary policy committee determines the level of interest rates for businesses such as Tesco. High interest rates have reduced consumer confidence on Tesco’s products and services. Reduced expenditure by consumers has become a risk that we have to deal with. The finance director of Tesco has pleaded with the monetary policy committee to reduce interest rates as a result of the aforementioned effects. Although inflation is a risk that prompts the committee to increase interest rates, the risk of consumers finding substitute products and services is higher. Therefore, increasing interest rates will in a big way cause a decline in sales and hence reduced customer satisfaction and business …show more content…

The Safety and Health Act ascertains that employers provide secure working environments through careful scrutiny. Tesco ensures it stays in business by meeting these particular standards. Noteworthy, Tesco provides a danger free environment for its workers according to the act. The UK government has imposed a rise in penalty fee as a result of environmental pollution. For this reason, Tesco is committed to reduce its carbon emissions by all means. Additionally, improved social sense of responsibility among the consumers will ensure that minimal waste is produced in their stores. Importantly, economic factors are the main point of concern for Tesco. Therefore, the business has to be aware of any changes in economic policies which could affect finance such as taxation, interest rates and

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