Thursday, September 20, 2007

OFT Claims Supermarkets Involved in Price Fixing

The UK's big four supermarkets and dairies colluded to keep the price of dairy goods artificially high, the Office of Fair Trading has claimed.

The alleged deal led to consumers overpaying for milk, cheese and butter by an estimated £270m, the OFT said.

It accused Asda, Tesco, Morrisons, Sainsbury's and processors including Dairy Crest and Arla of involvement. The supermarkets denied the claims.

Question is, is anyone really surprised?