Rip off Britain

[Dedworth]

Two questions;

How do you think our prices for food and clothing compares to the other major economies in the EU?

Dunno - but this March 2011 UBS report states "UK food prices are rising more rapidly than most other OECD economies’ food prices, and have significantly outstripped food retailers’ cost inflation" - I read this that the price fixing supermarkets are ripping off UK consumers.

http://www.bbc.co.uk/blogs/thereport...cesfeb2011.pdf

I don't care too much about clothes prices they've not risen as much as food in recent years. Our spend on them is not as significant as the week in week out constantly rising food outlay.

What do you think are the net profit margins of the major supermarkets?

Tesco's 2010 net profit of £2.6 billion was 10% up on 2009. All this is being achieved by putting independent retailers out of business as they increase the land bank they sit on and open up Tesco, Metro, Macro and locals in every nook and cranny of the country.

Graham is 100% correct in saying "Naturally 5% of a few billion nets rather more than 20% of £100,000"

I think a few people on here will be surprised to see that it is NOT rip off Britain at all.

I don't walk around thinking the big 4 Supermarkets are some sort of Charitable Demi Gods "helping us save money" as Asda nicely put it so I'm happy to carry on knowing we live in Rip off Britain