Tesco and Sainsbury’s are some of the staple ingredients of a well-balanced portfolio.
But a new political row over supermarket pricing is sparking questions over their beneficial effect.
Following Andy Burnham’s pledge to crackdown on consumer rip-offs, chancellor John Healey says the government is ‘watching closely for any suggestions that customers are being taken for a ride at the pump or the till.’
Concern that Budget could contain measures to make the weekly shop more affordable has turned the spotlight on shares in Tesco, Sainsbury’s and Marks & Spencer, the stock-market quoted names in Britain’s £196billion grocery market.
Should supermarkets be braced for Budget
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