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  • Falling fuel costs, along with falling food costs, continue to be one of the main drivers behind the rise in discretionary income
  • Asda Income Tracker shows that inflation on vehicle fuel is down -14% compared with the same period last year
  • Regions such as Scotland, Northern Ireland and the North East of England, would be hit the hardest if there was a rise in fuel duty
  • Asda cuts fuel by up to 2ppl on unleaded and 1ppl on diesel. New national price cap means drivers will pay no more than 103.7ppl on unleaded and 106.7ppl across its 273 filling stations

Asda today (Monday 26th October) once again led on reducing the price of fuel by up to 2 pence per litre on Unleaded and 1 pence per litre on diesel with the retailer also calling on the Government to maintain its freeze on fuel duty in next month’s autumn statement.

Asda’s October Income Tracker showed that falling fuel costs, along with falling food costs, continue to be one of the main drivers behind the rise in discretionary income (the money left over once essentials like bills, food and housing have been paid for).

The report shows that inflation on vehicle fuel is down by -14% compared with the same period last year and when the national picture is broken down, the falling cost of fuel and food is even more central to boosting household spending power in regions such as Scotland, Northern Ireland and the North East of England, and a rise in fuel duty would hit families in these regions hardest.

Find out more.
Posted in Press Centre on 26 October 2015
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Families continue to enjoy boost in spending power as Asda’s latest Income Tracker reveals that Brits were all fired up with an extra £18 a week to spend in September, compared to 2014.

  • The average household across the UK enjoyed a September surprise with weekly discretionary income reaching £192 a week, up £18 on September 2014
  • Prices of essential items, like food and drink dropped by 2.3%, firing up appetites for a big night in
  • A drop in the cost of gas helped heat up homes and beat the autumn chill
  • All regions avoided feeling the heat on their bank balances, as the UK has seen 2 years of continued growth in spending power

As the cold, dark winter nights start to creep in, UK families will be warming up to the fact they can enjoy more of the things they want. Asda’s latest Income Tracker has revealed that the average household now has £192 a week of discretionary income, up by £18 a week (10.6%) on the same time last year.

What’s more, it’s not just the temperatures that are falling. A 2.3% drop in the price of food and drink over the past year means that those to hibernating at home, can stock their cupboards for those big nights in from of the TV watching X Factor or The Rugby World Cup, particularly as the UK’s inflation rate continues to hit negative numbers (-0.1%), with September marking the eight consecutive month of near zero inflation.

Read more and see the full report here
Posted in Press Centre on 22 October 2015
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Asda, Iceland, Morrisons and Waitrose have joined together in a unique partnership to support an initiative that will make medical history.

All four retailers have pledged funds from the new levy on single-use carrier bags to support the construction of a new world class dementia research centre at UCL in London, with the aim of meeting the G8 Group challenge, following a lead from David Cameron, to find a cure for dementia by 2025.

This £350 million project currently has a shortfall in funding of £100 million, and the cash generated by carrier bag sales in food retailers across Britain has the potential to bridge much of that gap.

In addition to committing funds from their own stores, the Chief Executives of Asda, Iceland, Morrisons and Waitrose are today writing to the CEOs of all other UK food retailers, urging them to lend their support either this year or in any of the next five years.

Posted in Press Centre on 05 October 2015
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  • Asda’s new national price cap means drivers will pay no more than 105.7ppl on unleaded across its 272 filling stations.
  • Unleaded moves back to its traditional place below diesel after two months of diesel being the cheapest fuel grade.
  • Asda continues to have the UK’s cheapest national price cap on fuel.

Effective from today (Wednesday 23rd September) Asda brings good news to drivers by dropping the price of unleaded by 2ppl. Asda’s new national price cap means that unlike other retailers who work on ‘average prices’ – drivers will pay no more than 105.7ppl on unleaded whilst diesel remains at a national price cap of 107.7ppl.

Asda is the only retailer that has a national price cap on fuel at all 272 filling stations, ensuring every single one of our customers knows the maximum price they will pay at the pump regardless of where they live.

Andy Peake, Asda’s Senior Director for Petrol, said: “We’re now seeing unleaded move back to its traditional place after two months of diesel being the cheapest fuel grade. This new drop means drivers across the country will pay no more than 105.7ppl for unleaded and diesel remains at 107.7ppl.”

RAC fuel spokesman Simon Williams said: "This is yet more good news for petrol car drivers who have enjoyed prices coming down in August as a result of a barrel of oil staying around or below $50 since the end of July. It’s very encouraging to see savings in wholesale petrol being quickly passed on to motorists at the pump.

“This should also have the very positive effect of reducing prices from other retailers around the country. Hopefully this will drive the average price of a litre of unleaded down well below its current level of 111p, back towards the six-year average low of 106p a litre we saw in January.”

Posted in Press Centre on 23 September 2015
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Families continue to enjoy spending their extra cash as Asda’s latest Income Tracker reveals that Brits had an extra £18 a week to spend in August compared to 2014.

  • The average UK household had £191 a week of discretionary income in August 2015, up by an extra £18 a week (10.7%) on August 2014
  • Fuel prices dropped by 12.9%, giving rugby fans on the road across the country a reason to celebrate
  • The cost of stocking cupboards and fridges for a big night in falls, thanks to a 2.4% drop in food and drink prices
  • Big screens and sound-bars which bring the games to fans see a 9.2% fall in price

Following opening night celebrations and a weekend of sporting excitement, Brits will be enjoying a taste of financial freedom during the Rugby World Cup, with more to spend on enjoying the games with friends and family. Asda’s latest income tracker shows that families now have £191 a week in disposable income, an increase of £18 a week (10.7%) on the same time last year.

And the good news doesn’t stop there. Those travelling the country to support their favourite teams and see the action up close needn’t give a second thought to tackling transport costs, with fuel prices falling 12.9% on August last year and the falling rate of inflation dropping back to 2.6%, making the journey to the game even more enjoyable.

Find out more and read the full report.
Posted in Press Centre on 22 September 2015