What industry is abusing its position? The supermarkets or suppliers?greenmark wrote: ↑Tue May 30, 2023 9:26 pmA price cap works because an industry that is abusing it's position, suddenly (well, not that suddenly) is subject to greater regulation.Derek27 wrote: ↑Tue May 30, 2023 4:28 pmI'm not sure how a price cap works. If it's a government subsidy then fine. If farmers are limited to how much they can charge or supermarkets are limited and pass on the costs to the farmers it could cause all sorts of problems. I can't bear the thought of getting up in the morning and finding I've got no eggs or I have an egg and no toast to rest it on.greenmark wrote: ↑Tue May 30, 2023 3:58 pmA thief hiding in plain view.
Asda boss warns over food price caps as EG Group deal sealed.
https://www.bbc.co.uk/news/business-65720635
How can an industry that uses the same suppliers and has half a dozen players be competitive?
I wouldn't mind so much if their cartel gave us better quality, but if flipping doesn't. These guys are the lowest of the low.
They've been allowed to rip us and suppliers off and run away with big profits for too long.
A price cap is the bare minimum that should happen.
This is what regulation is all about. It's not easy or snuggly. It's a battle.
It's not just bread and milk that's gone up. Everything's gone up. I'm presuming the purpose of a price cap is to make sure people can afford the essentials but that would require a government subsidy, otherwise everything would have to be capped, and that would be like living in Communist Russia.