U.K. SUPERMARKETS OVERCHARGE CUSTOMERS, AGENCY CHARGES

Apr 12th, 1999 • Posted in: News

LONDON
Britain’s consumer watchdog agency last week recommended an investigation into the country’s supermarket chains, which it says may be grossly overcharging U.K. consumers.

After an eight-month investigation, the Office of Fair Trading (OFT) concluded that the high level of supermarket profits and prices “requires further investigation,” the BBC reported.

The antitrust Competition Commission will now investigate whether U.K. supermarkets, including industry leaders Asda, Safeway, Sainsbury, and Tesco, are overcharging consumers by not passing on suppliers’ price breaks.

Recent price comparisons have shown that U.K. consumers pay up to 45 percent more for supermarket goods than do their European and American counterparts, according to the BBC.

Supermarket representatives denied the charges and insisted that their pricing structures are fair.

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