Current Affairs Cost of living…

[Hinchcliffe's Corner]

These sort of stat's are wheeled out by the supermarkets and their apologist's A LOT.

Firstly, that's how they choose to publicise their profit.

Secondly, they make tens, if not hundreds of percent profit on fresh produce. You know, the healthy stuff that maybe ought to be encouraged more. What brings their overall profit margin down drastically is the corporate and UHP goods, where they very well may not make a one pc margin. Obviously it's up to them how they do this, but I do feel it's rather wrong that those eating predominantly healthy food (and farmers) are effectively subsidising the corporate junk.

So no, I'm not crying for the supermarkets and their alleged slim profit margin.

The margins at store level are low, 5-10% on dry goods lines, fresh foods anywhere from 20-50% however they are more labour intensive (qualified butchers, bakers etc). Where they make their money is not at store level, but at head office, where suppliers have to give them all sorts of up front cash to have their product on shelf. For example, charging tens of thousands of pounds just to be allowed to feature in one of their advertising spots. The bureaucracy in these big chain supermarkets is extraordinary too by the way.

 

[Kurt.]

They sound great I must try them.

Have to admit, I am a bit of a purist when it comes to crisps - can't beat the old Smiths cheese & onion. Some of the Red Rock Deli flavours are pretty nifty, but they are so expensive when full price.

Home Bargain, I get a 6 pack of Golden Wonder which includes 2x roast chicken, 2x Smokey bacon and 2x sausage and tomato

 

[bernie inn]

Aldi had Worcester sauce and prawn cocktail crisps the last 2 weekends

I've eaten far too many of both flavours

 

[NilSatisOptimum]

You know when workers asking for pay rises get blamed by Tories\Liberals for inflation? Clear evidence from IMF (figures are for eurozone but no reason to believe any better, probably worse for UK) the main driver of the recent inflation spike has been corporate profits.

 

[Rita_Poon]

Paid the bonuses, paid out the dividends, took on massive financial risk, ran the company into the ground, and now jump out and let the tax payer foot the bill.

Thames Water in urgent funding talks amid fears of collapse

Whatever happens to firm, which serves a quarter of the UK population, water supplies will continue as normal.

www.bbc.co.uk

up yours tory britain, pig poles for the lot!

 

[NilSatisOptimum]

Paid the bonuses, paid out the dividends, took on massive financial risk, ran the company into the ground, and now jump out and let the tax payer foot the bill.

Thames Water in urgent funding talks amid fears of collapse

Whatever happens to firm, which serves a quarter of the UK population, water supplies will continue as normal.

www.bbc.co.uk

up yours tory britain, pig poles for the lot!

Thames water privatised in 89, no debt now on the verge of bankruptcy in 2023 with £14 billion in debt, stuffed away in dividends and bonuses by the way remortgage and loans. Now that debt will be payed for by the tax payer with reported 40% increase in water bills for those supplied by Thames water. Kin idiots who support and vote for this nonsense.

 

[Walken]

Thames Water is the free market doing what it is supposed to do, create an unregulated profit cache for the super rich with no consequences.

 

[Nightman]

So, according to this article, the likes of Tesco and Sainsbury's only make around 3-4% profit. That would be a terrible return for a small/medium sized business.

It works for large companies because they have the high volume to support low margins.. So, it's no surprise they need to protect their tight profit margins by raising prices.

So you really believe that selling 1L of orange juice for £1.80 creates a 3-4% profit? How much were supermarkets losing then when they were selling for £1 a while back?

 

[orchard]

Thames Water is the free market doing what it is supposed to do, create an unregulated profit cache for the super rich with no consequences.

Well there are, the good old struggling tax payer will be saddled with billions of more unjust Conservative debt, diverting yet more money away from our failed economy and infrastructure to the sacred bond holders.

 

[Walken]

Well there are, the good old struggling tax payer will be saddled with billions of more unjust Conservative debt, diverting yet more money away from our failed economy and infrastructure to the sacred bond holders.

Oh of course, I should have specified who would be consequence free, those most able to bear them.

 

[orchard]

Oh of course, I should have specified who would be consequence free, those most able to bear them.

Yeah, you mean the gamblers that are too big to fail ? Like some scum said the other week re those struggling with mortgage payments -- they knew the risks.
We really need more safeguards on how future taxes are spent as it's absurd, unjust and destroying our nation.

 

[Billy Dean]

Nope. The company folded as a high street presence in 2009. For memories as a kid going in around Christmas time and birthdays to buy toys.

Used to have a Saturday job there as a teenager. Was a laugh riot.

 

[NilSatisOptimum]

I suppose because they could service the debts they could keep borrowing now interest rates are the up, its bankruptcy time. Let the owners and those running the company who have benefited from dividends and bonuses take the hit by letting it go into adminstration. Write off the debt much of which is also to those same owners, who received interest payments and run it under public ownership debt free.

Debt-ridden Thames Water may be taken over by state

Officials from the environment department are holding crisis talks with Ofwat, the water regulator, over the ability of Britain’s biggest water company to handle its £14 billion debt pile. Thames is trying to negotiate a £1 billion cash injection from its shareholders

www.thetimes.co.uk

Fears grow for five water companies over swelling debt burdens

The financial health of up to four other English water companies is being monitored by ministers and regulators after plans were put in place for the effective

www.thetimes.co.uk

 

[Mr. White]

So you really believe that selling 1L of orange juice for £1.80 creates a 3-4% profit? How much were supermarkets losing then when they were selling for £1 a while back?

Gross profit is different to net profit.

Also, as you mentioned orange juice, orange juice has been expensive recently because of extreme weather conditions for the growers, plus a citrus disease destroying crops, thus causing a supply shortage. So, prices go up.

Basic economics. You can't blame the supermarkets for that.

 

[Nightman]

Gross profit is different to net profit.

Also, as you mentioned orange juice, orange juice has been expensive recently because of extreme weather conditions for the growers, plus a citrus disease destroying crops, thus causing a supply shortage. So, prices go up.

Basic economics. You can't blame the supermarkets for that.

Mate. Ya basic.