The Conservative Party

Bodicoteblue said:
What!!!……you mean some poor sods live in a more miserable place than us.
God help them.
Click to expand...
Yep, we can't even be the best at being miserable.

As usual we were plucky underdog runners-up, this time to the mighty Uzbekistan

economictimes.indiatimes.com

UK is officially the world’s second-most miserable country; these were the happiest and unhappiest countries of 2023 - The Economic Times

The Global Mind Project's "Mental State of the World" report reveals a decline in mental health since 2020 based on surveys from over 400,000 people in 71 countries. Disparities in Mental Health Quotient (MHQ) scores exist among countries, with the Dominican Republic, Sri Lanka, and Tanzania...
economictimes.indiatimes.com economictimes.indiatimes.com
 
MillionMilesAway said:
According to the BBC:
"The UK's biggest supermarket chain said pre-tax profits hit £2.3bn, up from £882m, while sales rose by 4.4% to £68.2bn in the year to 24 February."
Click to expand...


Price gouging .....an increase in sales of 4,4 % shouldn't result in a doubling plus of profits. They haven't done anything much in the way of cost control.
 
MillionMilesAway said:
According to the BBC:
"The UK's biggest supermarket chain said pre-tax profits hit £2.3bn, up from £882m, while sales rose by 4.4% to £68.2bn in the year to 24 February."
Click to expand...
If profits more than doubled but sales only rose by 4.4% that implies the profits are truly excessive and they must be screwing their suppliers. Unless the typical basket mix is significantly different to the previous year and contains more high profit items.
 
East Level 2 said:
If profits more than doubled but sales only rose by 4.4% that implies the profits are truly excessive and they must be screwing their suppliers. Unless the typical basket mix is significantly different to the previous year and contains more high profit items.
Click to expand...
Or as an alternative explanation (i) Tesco took an exceptional billion pound impairment charge in 2022/23, which dropped out of this year’s accounts (ii) the BBC reported the wrong profit figure, either because they’re useless or wanted to create the misleading impression of a surge in profits, and (iii) people on here couldn’t wait to pontificate over an incongruous rise in profits on the back of a meagre rise in turnover.
 
Brewster's millions said:
Or as an alternative explanation (i) Tesco took an exceptional billion pound impairment charge in 2022/23, which dropped out of this year’s accounts (ii) the BBC reported the wrong profit figure, either because they’re useless or wanted to create the misleading impression of a surge in profits, and (iii) people on here couldn’t wait to pontificate over an incongruous rise in profits on the back of a meagre rise in turnover.
Click to expand...
Even allowing for a one billion pound impairment charge the increase in profits is still significantly greater than the increase in turnover.
 
East Level 2 said:
Even allowing for a one billion pound impairment charge the increase in profits is still significantly greater than the increase in turnover.
Click to expand...
I agree with the argument that supermarkets should be taking a hit with the rest of us, rather than increasing profits.

However, supermarket profits are always going to fluctuate a lot more than turnover. When margins are just a few percent, they can easily go up and down by seemingly disproportionate amounts.
 
Feels like the media is doing the look over there and looking for other stories so we don't question what's going on with this wragg business and the lack of bottle from Sunak over it.

The whole affair stinks of the Tories protecting themselves over national security.

No doubt Tory K will give us the official Tory party version of events on Sunday then call Rayner a greedy tax dodging cow.
 
East Level 2 said:
Even allowing for a one billion pound impairment charge the increase in profits is still significantly greater than the increase in turnover.
Click to expand...
Cost of sales fell from 92.6% of revenue to 92.15%.

Hardly seems like rampant profiteering to me.

Effectively you’re giving Tesco less than 8p in the pound to buy all of your produce, handle all of the logistics and regulations, employ thousands of people, manage hundreds of properties and allow you to shop in a location that’s convenient to yourself.

And the bastards have got the cheek to try and make a profit eh?
 
East Level 2 said:
Does that apply to those working a full week? If so then the minimum wage needs a serious rethink. If it applies mainly to part-time staff then it's hardly a surprise.
Click to expand...
I've just done a quick calculation and I think that with the new minimum wage, you would have to work 41 hours a week to not be eligible.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top