You are here: Home - Uncategorized -

Supermarkets ‘have got too big for their boots’

0
Written by:
10/03/2006

Supermarkets are readying themselves for a grilling from the Competition Commission about their increasing dominance of the UK’s grocery market. The inquiry will be triggered by the Office of Fair Trading (OFT) after another month’s consultation.

Critics have accused the supermarkets of driving small local retailers out of business and of lessening consumer choice when they establish themselves in a particular area.

“Supermarkets, especially the big four of Tesco, Asda, Sainsbury’s and Morrisons, have got too big for their boots and are killing off the independent sector,” said retail analyst Debbie Harrison. “This is bad for competition and bad for the consumer.”

However, OFT replied that prices have been falling, and that this was a result of strong competition amongst the supermarkets.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
House prices strengthen once more

 Average UK house prices are increasing again – but for how long? Paula John reports

Close