I hope they ask about the egg crisis the supermarkets invented to fuck over farmers.
This should be the headline article of every paper and TV news. Sadly most people will never bat an eye. We eat a lot of shit in the cuntry (and I’m not talking about the stuff sold in supermarkets).
The audacity of calling companies with 0% to max 3% profit margins ‘ price gouging’.
It’s all political theatre……….
Supermarket profit margins are pathetic. Given the real estate they own, the hundreds of thousands of employees, some of the most globally efficient supply chains in human history, and they get 3%? This is just political grandstanding.
You can buy vegetables out of season from half way round the world and they’ll be quality checked to ridiculous levels and then we complain because the company doing that have the audiacity to make 3p in the pound?
Bear in mind that ALL THE TRICKS IN THE BOOK will have been pulled to REDUCE profits as much as possible in reported accounts.
What we are seeing is what they cannot hide despite their best efforts.
I may be wrong of course and they are totally transparent and honest.
I’m far more worried about price gouging by energy companies, oil companies, water companies etc than supermarkets which are one of the few examples of competition keeping prices reasonable for the consumer.
It’s disappointing how under-reported these select committee hearings are. PoliticsJOE are one of very few news outlets that cover all of them.
The only hearings I remember that were reported in MSM were Johnson’s and Cummings’.
It’s insane to think that businesses will just “do enough to help their customers”. The system is set up so that managers have a legal responsibility to make profit for shareholders. Capitalism can only work if businesses are MADE to do the right thing by governments but that would ToO MUcH reD TaPE though, right?
Is this the same Labour MP that doesn’t understand the difference between profit as a number and actual profit margin?
This far left channel peddling it’s usual bollocks I see…
But I’ve seen people on all sides justify 100% price increases on many items like pasta, for example, when wheat is cheaper than a year ago. When do the futures expire?
11 comments
I hope they ask about the egg crisis the supermarkets invented to fuck over farmers.
This should be the headline article of every paper and TV news. Sadly most people will never bat an eye. We eat a lot of shit in the cuntry (and I’m not talking about the stuff sold in supermarkets).
The audacity of calling companies with 0% to max 3% profit margins ‘ price gouging’.
It’s all political theatre……….
Supermarket profit margins are pathetic. Given the real estate they own, the hundreds of thousands of employees, some of the most globally efficient supply chains in human history, and they get 3%? This is just political grandstanding.
You can buy vegetables out of season from half way round the world and they’ll be quality checked to ridiculous levels and then we complain because the company doing that have the audiacity to make 3p in the pound?
Bear in mind that ALL THE TRICKS IN THE BOOK will have been pulled to REDUCE profits as much as possible in reported accounts.
What we are seeing is what they cannot hide despite their best efforts.
I may be wrong of course and they are totally transparent and honest.
I’m far more worried about price gouging by energy companies, oil companies, water companies etc than supermarkets which are one of the few examples of competition keeping prices reasonable for the consumer.
It’s disappointing how under-reported these select committee hearings are. PoliticsJOE are one of very few news outlets that cover all of them.
The only hearings I remember that were reported in MSM were Johnson’s and Cummings’.
It’s insane to think that businesses will just “do enough to help their customers”. The system is set up so that managers have a legal responsibility to make profit for shareholders. Capitalism can only work if businesses are MADE to do the right thing by governments but that would ToO MUcH reD TaPE though, right?
Is this the same Labour MP that doesn’t understand the difference between profit as a number and actual profit margin?
This far left channel peddling it’s usual bollocks I see…
But I’ve seen people on all sides justify 100% price increases on many items like pasta, for example, when wheat is cheaper than a year ago. When do the futures expire?