Violet Hudson

Money digest: today’s need-to-know financial news | 27 April 2016

Asda shoppers need to be careful when picking up a so-called bargain from the supermarket giant’s shelves: the chain has been warned by the Competition and Markets Authority not to mislead customers with ‘confusing price promotions’ according to the BBC. From now on, multi-buy offers will represent better value than single-buy, and ‘was’ prices will have to be on the shelf longer than ‘now’ prices. Richard Lloyd, of Which? magazine, which investigated the supermarket, said ‘Asda has been found breaking the rules and now must immediately clean up their act.’

The Guardian reports that Britain’s growth will have slowed in the last quarter from 0.6 per cent to 0.4 per cent when GDP figures are released later today. The Chancellor George Osborne blames referendum uncertainty.

The World Bank warns that commodity prices will remain low compared to last year, but has upped its forecast for global oil prices by 10 per cent.

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