Sainsbury’s, Morrison’s, Tesco’s, Safeway, and Asda- all supermarkets we buy from each day, but are they ripping us off?
This is a question posed after recent new items have suggested several of these stores were involved in a price fixing scandal, resulting in shoppers paying more for milk and cheese than they should have been, according to the Office of Fair Trading.
Estimated to have cost shoppers over £270 million, only a few supermarkets have admitted the part they played,
consequently being given much more lenient fines as a result. However, Tesco’s, for example, are still standing firm in saying they played no part in the scandal, even threatening legal action to prove their innocence to the Office of Trading. They also plan to completely strip them of their power to investigate and fine firms for matters like these.
Milk was supposedly put up in price by 2p a litre, and 1.2p per pint, whilst the price of a block of cheese went up by 10p. Taking place in 2002 and 2003, it’s significant that the scandal is only now coming to light. At a time where the price of everything seems to be going through the roof, coupled with the fact that we’re lucky if our wages stay the same, it seems we can’t even trust our local supermarkets to not rip us off.
The sad fact is that although consumers will be disappointed in each and every one of these high profile supermarkets, we can hardly boycott them, as doing so will mean we have few places left to shop!
The scandal has seen Sainsburys fined for just over £11 million, Tesco for just over £10 million, Asda for just over £9 million, and Safeway, which is now part of Morrison’s, fined for just over £6 million.
This, coupled with the recent riots covering a large amount of the country, is definitely making us wonder about the type of world we’re living in, whilst struggling to understand why people want to make life so much more difficult for others? If it’s not the lower class robbing the wealthy of their assets, then it’s our supermarkets robbing us of our money…