One in six people have stopped ordering takeaways altogether, while 37 per cent have said they have cut back, according to a new survey undertaken for Sainsbury’s. The company also released a survey dealing with the popularity of Internet gaming. That survey was done in response to a government tax ruling dealing with gaming.
Internet gaming has become popular according to the survey because of new software that has come out in recent years. It is now possible to scan prices globally in seconds and uncover risk-free betting opportunities which provide guaranteed returns of as much as 12% per month. Using software like one called ArbAlarm, ordinary people can now easily profit from this unique method of investment. Aware of this trend, the UK government recently announced through the Treasury that the profits made from sports arbitrage trading will continue to remain free of all tax. This includes income tax and capital gains tax on all profits. This announcement made headlines and was the basis of the survey which sought to find out how popular Internet gaming was. The results found that it has increased in popularity at record breaking speed. This is mainly due to the suffering economy. Internet gaming, according to experts, does not suffer when the economy suffers.
In an interview, former City trader Rajeev Shah, famous author of ‘Sports-Arbitrage - How To Place Riskless Bets & Create Tax-Free Investments’ explained that an arbitrage occurs when different bookmakers’ prices on the same events overlap. In these cases, it is possible to bet on all of the outcomes in that event in such a way as to be guaranteed a total return which is greater than the total outlay. The mathematics of this type of trade are precise & the resultant profits are free of all risk.
The other survey deals with a unfortunate trend. Takeaways are becoming unprofitable because of the failing economy. Sainsbury’s conducted the research after it noticed a sharp jump in sales of key curry ingredients compare to a year ago.
Vindaloo curry paste sales are up 33 per cent year on year, plain poppadums are up 47 per cent, light coconut milk is up 14 per cent and Peshwari naans are up 16 per cent the supermarket says.
Its findings are echoed by the Guild of Bangladeshi Restaurateurs, which represents 2,500 eateries around the country, which warned that south Asian restaurants were facing a very touch time.
Not only were customers’ tightening their belts, but they were also having to cope with the soaring cost of rice and vegetable oil. Enam Ali at the Guild said: “I own a restaurant in Epsom and a customer came in and asked me for a bag of spices the other day.
“There is definitely evidence that people are cooking more of their own curries at home.
“The downturn is seeing restaurants that had a weekly turnover of about ￡10,000 now taking about ￡8,000 or ￡7,500.”
Sainsbury’s has dubbed the new trend “fakeaways” and said a desire by consumers to throw less food away was one of the reasons why people were cooking more. Alison Austin, head of sustainability at Sainsbury’s, said: “Fakeaways are here to stay.
“They’re created for a fraction of the cost of traditional takeaways, you know what’s going into them and they use up food that would otherwise be chucked out and sent to landfill.”
Tags: UK News