Listened to a podcast today where a very respected fund manager was asked whether the supermarkets were price gouging. I have substantial money invested with this manager , regard his opinion highly and he has a degree in finance and economics.
His response was, “ considering the modest after tax margins it is very hard to argue that the supermarkets are price gouging. If margins and profits are squeezed it would lead to a withdrawal of capital and less investment in vital supply chain infrastructure which will ultimately lead to higher prices “
The supermarkets are purely whipping boys for the uneducated and angry masses.
