Urgent Question: Sainsbury and Asda (Merger) Rebecca Long Bailey vs Andrew Griffiths
Urgent Question: Sainsbury and Asda (Merger) Rebecca Long Bailey vs Andrew GriffithsPosted by Parliament Today UK on Monday, 30 April 2018
“Can he confirm there will be no job losses? No changes to pay terms and conditions? It is clear that a duopoly of the big supermarkets Tesco, Asda & Sainsbury’s will now emerge, providing never before seen bargaining power.
The statement this morning promises to bring prices down for consumers, but it is feared that this will be at the expense of farmers, manufacturers and suppliers whose prices and terms will be driven down, pushing many to the edge of collapse. Can the Minister confirm that this will not be the case?
Would the minister agree that control of 60% of the entire UK market by the duopoly may risk consumer choice and provide less incentive to entice good offers.
There are many risks with this Bill. He says he has no power to intervene directly, as it does not meet the public interest test of National Security, Media Plularity and financial stability.
With a deal that could radically alter the whole grocery sector from farm and factory to supermarket shelf, will he finally use his powers to broaden the scope of the public test to include the National Interest of deals of economic significance as this?”
Shadow Business Secretary Rebecca Long Bailey, Urgent Question: Sainsbury and Asda (Merger)
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