Tax rises could push food prices higher, warn supermarkets
Tax rises could push food prices higher, warn supermarkets
www.bbc.co.uk
Tax rises could push food prices higher, warn supermarkets
The bosses of the UK's largest supermarkets warn the chancellor against imposing higher taxes on the industry.
The bosses of the UK's largest supermarkets warn the chancellor that they won't tolerate a drop in profits, so will pass higher taxes onto their customers.
Tesco made £3.1 billion profit in the last year.
https://www.foodmanufacture.co.uk/Article/2025/04/10/tesco-profits-top-3-billion/
Before : caputalism will generate new supermarkets with lower prices!
Today: capitalismn will generate new supermarkets with higher profits!
Hmm. As much as I am willing to criticise huge profits.
Tescos turn over is approx £71b so £3.1 is below 5%
That really dose not seem like a huge profit. I'd honestly be more worried that only very large companies can really run on low % profit and survive. Meaning their existence allows them to put compete local mum and Pop companies.
True 3 billion is a a pretty small number.