A huge screed talking about how appalling it is that the local producers might have their grip on the throats of the locals reduced by competition.
And one in which we have the usual Guardian approach to statistics.
One pound in every seven spent in Britain goes to Tesco alone
Entirely, horrendously, bollocks.
He links to, as his source, this piece.
Tesco is expected to confirm this week that one pound in every seven that is spent in British shops goes through its tills, when the retailer unveils record profits of £2.5 billion.
Point one is that it\’s from 2007. Seriously, 4 year old stats.
Point 2 is that there\’s rather a difference between \”one in seven of all pounds spent in Britan\” and \”one in seven of all pounds spent in British shops\”.
You know, sorta the difference between the entire economy and retail sales perhaps?
Retail sales we can look up here and at £32 billion a month ish, £380 billion a year ish, which in an economy of £1,400 billion ish is 27% of the economy, one seventh of that, Tesco is taking around 4% of all pounds spent in the economy.
As opposed to the government which is taking what, 45% of all pounds spent in the economy?
All right, we can argue that this is trivial: but I\’d argue that it isn\’t at all. It\’s an example of the horrendous way in which political debate is undertaken in this country. We\’ve got a pop music writer writing essays on matters economic for one of the national newspapers. One who is sufficiently ignorant of matters economic that he seriously doesn\’t know the difference between spending (you know, rent, taxes, \’leccie bills, everything) and retail spending.
And it\’s on these sorts of information sources that people make up their minds about these matters economic. You know, drivel from people who live in Frome of all God Forsaken places to move to. Given the glories of God\’s Own County of Somerset why Frome for fucks sake?