Always first with the news , Socialist Courier reported here the Capitalist Scam of supposed rivals and competitors co-operating to fix prices of goods to extract extra profits .
And lo and behold , what should appear on the BBC , but the revelation that Sainsbury's and Asda have admitted fixing the price of milk and cheese and who along with a number of dairy firms, have agreed to pay fines totalling at least £116 million following an inquiry by the Office of Fair Trading . 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 price received by farmers did not increase. The price fixing saw customers being charged 3p extra for a pint of milk and 15p extra per quarter-pound of butter. Customers also being allegedly overcharged 15p per half-pound of cheese .
In September, the watchdog provisionally found evidence of collusion by 10 firms relating to price-setting in 2002 and 2003. Now Sainsbury's and Asda have admitted price-fixing of milk and cheese, as has Safeway - before it was bought by Morrisons. Safeway has also admitted colluding on the price of butter. Dairy product processors Dairy Crest, the Cheese Company and Wiseman Dairies were also fined .
So , indeed, "Every Little Helps" "That ASDA Price"
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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