Supermarkets admit milk price fix

Supermarkets admit milk price fix

news.bbc.co.uk

Sainsbury's and Asda have admitted fixing the price of milk and cheese following an inquiry by the Office of Fair Trading (OFT).

The supermarkets, along with a number of dairy firms, have agreed to pay fines totalling at least £116m.

Cases against Tesco and Morrisons will continue after no deal was struck.

The OFT said that its evidence found that while dairy product prices went up after the collusion, the amount received by farmers did not increase.

(visit the link for the full news article)

Nice to see something actually being done against this sort of thing, but who benefits from the fines paid?

These corporations should be made to pay back the money to the public they have robbed it from and for as long as they have been rigging the prices.

Cheques should be sent out to every household in the country. Or the cost of products available to buy should be reduced by the amount the amount that they had been raised.
So if milk was 20p was being sold for 25p, then it should be reduced to 15p until all fines paid. Maybe as an extra penalty, the price could be reduced an extra 2p on top of all that.

It is such a shame that thousands of dairy farms in the UK have been forced to close or change over to other forms of farming due to the market haggling of big supermarket companies.

A large amount of milk is now bought from abroad. As is Electric and gas, the majority coming from France.

Rip off Britain strikes yet again and the people still continue to be fooled by it all.

As much as there are watchdogs for such corporate crimes, it's still not enough.


news.bbc.co.uk
(visit the link for the full news article)

reply to post by Extralien


I agree about the way fines are handled. Here in the US, if some company is ever (rarely happens, really) caught in something, sometimes the fines are in the millions. But the people that got ripped off get nothing.

It almost seems like the bribes weren't big enough, so the "law" steps in and prosecutes to get what they think their cut should have been, plus a little extra, as a warning to other corrupt businesses to be sure and not keep too much of the governments share of the swag.

And if I rob a business by embezzling from them , I go to jail, but if a business robs people with a scam of some sort, if they're ever brought to trial, there's a fine which is usually less than what they stole anyway. Very seldom is there any jail time involved for anyone.

Just more ways that the system shears the sheep.

reply to post by Extralien


People everywhere are being raped over. They are gouging us left and right to keep us down. In relation to the similar pressures we all face on a daily basis, we should start uniting on a daily basis. If we let them continuously manipulate every aspect of our lives, we'll be lifeless. Life is hard as it is, we don't need these unseen forces pinching every penny we break our backs to earn.