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+--- Thread: Supermarket watchdog. (/showthread.php?tid=1446)
Supermarket watchdog. - Oldfellah - 07-07-2022
David Clark says he expects Kiwis will be significantly better off because of the Government's new supermarket watchdog, but couldn't reveal exactly how much shoppers will save or when.
Typical of this government they know stuff all.
RE: Supermarket watchdog. - harm_less - 07-07-2022
(07-07-2022, 12:58 PM)Oldfellah Wrote: David Clark says he expects Kiwis will be significantly better off because of the Government's new supermarket watchdog, but couldn't reveal exactly how much shoppers will save or when.They know enough to realise how devious the dominant players in the supermarket arena are and that they will do all they can to sidestep any control measures on their activities.
Typical of this government they know stuff all.
RE: Supermarket watchdog. - king1 - 07-07-2022
I have heard mention of $1,000,000 a day in excess profits - how they work that out and what is normal profit I have no idea...
From here we get 1,787,900 Households
https://www.stats.govt.nz/information-releases/dwelling-and-household-estimates-march-2020-quarter
Annualised we get
365,000,000 / 1,787,900 = $204.15 per household, per year...
This won't take into account the amount you spend on groceries, if you are a smaller spender of say $100/week on groceries then you will probably get a smaller share...
Now everyone can jump for joy...
RE: Supermarket watchdog. - Oldfellah - 07-07-2022
They are not going to fill the position of watchdog until partway through the new year, i bet that makes people happy and content knowing that groceries will still be expensive ... well done Labour 
RE: Supermarket watchdog. - king1 - 07-07-2022
(07-07-2022, 01:55 PM)Oldfellah Wrote: They are not going to fill the position of watchdog until partway through the new year, i bet that makes people happy and content knowing that groceries will still be expensive ... well done Labour At least they are doing something about it, gotta count for something doesn't it?
RE: Supermarket watchdog. - Lilith7 - 07-07-2022
They are at least making the effort to rein in supermarkets profits to some extent. That's more than I can recall a National govt doing.
RE: Supermarket watchdog. - Olive - 07-07-2022
It's hugely complex. Here's a link to a useful explainer:
https://thespinoff.co.nz/business/07-07-2022/why-we-shouldnt-hold-out-too-much-hope-for-a-grocery-market-2-degrees-effect?utm_source=substack&utm_medium=email