Competition Commission to investigate supermarkets
Not a surprise to those of us who have been following the Tesco planning application. Unfortunately it may have come too late to save Sheringham. However, I have written to the inquiry asking them to investigate the Tesco legal agreement with the Council which prevents other supermarkets negotiating with the council for land. You can do the same by sending a letter to
The Inquiry Secretary (Groceries market inquiry)
or email email@example.com
In the detailed reasons the OFT states that Tesco now appears to have nearly twice the market share (in terms of overall grocery retailing)of its nearest competitor, more than 30% of the overall market. Surely, this alone is reason enough to prevent the further expansion of the Tesco empire.