To think well done, Tesco?

[MilkandAssal]

The whole Tesco & Unilever hoo-ha.

I understand people have first world problems, crying about Marmite and Hellmans and whatever else is super thrilling on their weekly shop; but am I alone in thinking well done Tesco? Well done for not buckling under immense pressure, and that 10% price hitch which would have smacked Tesco shoppers in the bollocks?

Now that Unilever have been told to get fucked, I'm sure that the other supermarkets won't be willing to take the 10% increase either. Am I missing a bigger picture?

I buy Tesco Marmite and mayonnaise anyway, nothing is irreplaceable but have we really become that materialised that #marmitegate is a thing?

And you will see increases. They may be 8%, may be 10%, or even 15%. You'll also see less choice on the shelves.

You will pay more

Tesco would have done a deal to share the losses, that is why it is confidential

Costs will slowly go up and will get worse when we finally brexit

this is just the start

But we don't pay 10% more on products. Is that not a good thing?

This week and maybe next week and the week after that. Tesco haven't slayed a dragon. But soon enough prices will be rising. In all supermarkets. This is Brexit.

Go and read Joanna Blythman's book "Shopped", Thanks for the tip, MrsBernard
Have you read Tescopoly ?

Brexit = price rises.

It's fairly simple.

Unilever loves the EU so much they use a Swiss subsidiary to book their purchases and channel profits to avoid taxation. Unilever won't ever miss an opportunity to make some money.

It isn't even about Unilever. Every manufacturer is in the same position. It's just that the fallout from that one was made public.

I don't have much sympathy for Tesco. They're perfectly capable of removing products from sale themselves if they don't get the high discounts they want. Ditto Amazon.

the only way tesco would actually have been on the side of the consumer would be if that had absorbed the price rise i.e taken it out of their profits! Can't believe people are stupid enough to think this means that tesco are on the side of the consumer.

Exactly Wam. Unilever has been made out to be some kind of big bad wolf. But soon all manufacturers will follow. It's not their fault, it's Brexit's.

Tesco is all about profit.

So is Unilever.

I wouldn't like to guess which is the more immoral/unethical of the two. But just on principle I enjoy seeing Unilever get a kick in the nads!

People shop at Tesco because most idiots in this country couldn't give a fuck what goes on behind the scenes as long as they get their stuff as cheap as possible. I don't think Lidl are much to write home about either (as an employer, no idea about their supply chain), which is why, whatever MN might have to say, I won't shop there either.

Stuff costs, and somewhere along the line, someone is paying for it.

YABU. Tesco have shafted enough of their own suppliers to know exactly how to make sure they don't get shafted themselves. All this has done is to make Tesco feel even more powerful.

You think that's bad? Wait till all the manufacturers' insurance against currency changes stops being paid out. Your shopping basket is going to cost a shitload more come January.

tesco is not a cheap supermarket

hhmm - anyone remember Martin Lewis saying 'banks are not your friend' - nor is tesco.

Sorry yes, please do not think i am any fan of unilever either.

6 months max before hefty increases are commonplace.

Did you know that last year Tesco wrote off £650m of stock? If they were all about their customers then they would implement more efficient purchasing, sales, warehousing and logistics methods.

Tesco are looking after their shareholders not customers, they are certainly not know for their ethical or moral treatment of suppliers

It's ironic that Tesco is being hailed as some kind of consumer champion. And they certainly wouldn't have told Unilever to go to hell. There will have been a compromise and settlement.

Tesco profits have fallen from the heady days and I think their margin in only 3% whereas Unilever's is in the 20s%.

Prices will go up and own label too. There will be supermarket price wars with supermarkets expecting manufacturers to fund it (no change there). Raw materials are going up. European production of finished product has to be shipped by road so transport costs will go up and then factor in fuel price inflation.

This is just the start.

Stuff costs, and somewhere along the line, someone is paying for it

^ This

When I step in a Aldi/Lidl and see all the cheap meat/dairy etc, the first thought is, someone is paying for the low prices, and if it ain't the farmers, it's the welfare of the animals.

Unilever's profit margin isn't in the 20% at all. It's around 5% net, 9% if you use constant rates.

This is not Brexit. This is toxic Osborne and his well connected business friends who are using - once again - shock tactics to scare us, the great unwashed. They think we have fuck all else so if they hit us where it hurts it will scare us off. Our benefits can only stretch so far. They think we got out of bed to mark a once in a lifetime cross in a box. Ha fucking ha. They think it won't take much to scare us so we lose interest and they, the tax avoiding multi nationals, can move back in and shit all over us again. The recent shorting of the £...you think that wasn't market manipulation? Hold firm folks, it's only the start.

It's brexit. Nothing to do with anyone scaremongering.

The value of our currency has been depleted by 15%. In relative terms, it is now worth less than it was during the recession and the lows of the late 80s. If you aren't concerned about that then you really are stupid. Anyone who buys anything, has any sort of mortgage or stockholding really needs to be alarmed.

And market manipulation? Seriously? No world power economy either wants or can afford to lose so much from their currency. It means the money we owe as a country grows, the £600b of product we import now costs us £690b, our oil prices are rising. NHS for example purchases millions of pounds of machinery each year from Europe. That now costs 15% more than it did. No country is going to burden itself to prove a point.

Tesco are making a lot off their staff reduindant and taking them back on part time contracts, so I dont think they have a vested interest in Britain

Tesco are one of the better supermarkets in terms of prices paid to farmers for milk.

Aldi, Asda, Morrisons and Lidl are the lowest payers.