Interview with Dave Lewis, Chief Executive, Tesco

The video discusses Tesco's growth in customer numbers due to competitive pricing and improved services. Despite Brexit, consumer spending remains stable, with more impact from weather changes. Tesco is managing its pension deficit through a robust framework and cash injections. The company is confident in its ability to adapt to post-Brexit policy changes, maintaining its international business operations.

What factors contributed to the increase in Tesco's customer base?

• Increased competition and deflation

• Decreased availability and fewer initiatives

• Improved service and price reductions

• Higher prices and limited product range

How did the Brexit referendum affect consumer spending at Tesco?

• It caused a significant decrease in spending

• Spending habits remained stable

• There was a dramatic increase in spending

• Spending was more affected by political events than weather

What has been a more significant factor in Tesco's business volatility than the Brexit vote?

• Changes in consumer preferences

• Weather fluctuations

• Government regulations

• New competitors entering the market

What strategy has Tesco implemented to manage its pension deficit?

• Increasing employee contributions

• Switching to a defined contribution scheme

• Eliminating pension plans

• Reducing pension benefits

How does Tesco plan to handle potential policy changes post-Brexit?

• By withdrawing from international markets

• By reducing its workforce

• By waiting and adapting to new policies

• By increasing prices across Europe