MP condemns Tesco for below cost lager
July 1, 2010 12:38 PM
Colchester MP Bob Russell has tabled an early day motion calling on Tesco's shareholders to speak out against the practice of selling lager below cost price at next month's annual general meeting.
The new Conservative Lib Dem coalition Government has said supermarkets and off-licences will be banned from selling alcohol below cost price.
Mr Russell's motion "deplores the behaviour of Tesco in selling lager below cost price only a month after calling on the Government to outlaw the practice".
He "observes that the company will be holding its Annual General Meeting on July 2 and hopes that institutional and individual shareholders will condemn the deliberate below-cost sales of alcohol".
The motion calls on the Government to carry out a "thorough investigation of discounting in the sale of alcohol" by supermarkets, stating it is "contrary to the principles of competition and damaging to the health of consumers".
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