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Supermarket profits

EDM (Early Day Motion) 784: tabled on 20 January 2023

Tabled in the 2022-23 session.

This motion has been signed by 32 Members. It has not yet had any amendments submitted.

Motion text

That this House notes reports in the Sunday Times suggesting that, at a time of an acute cost-of-living crisis for households and food inflation running at over 14 per cent, UK supermarkets are set to announce higher-than-anticipated profits; further notes reports that Tesco alone will forecast increased operating profits of nearly £2.5 billion, significantly above its five-yearly average; shares the reported fears of industry insiders that the supermarket giants are benefitting from so-called rocket and feather pricing, where prices rise sharply in response to an inflationary spike, only to remain persistently higher than necessary as the rate of inflation falls; is scandalised that corporate shareholders are making excessive profits while more and more households are forced to use foodbanks; is concerned that, despite these rocketing profits, large retailers in the food and drink sector continue to place undue commercial pressures on their suppliers, leading to a further squeeze on the terms and conditions of workers across the food sector and more suppliers closing sites or going into administration; further notes that food workers, like other low-paid groups in society, are disproportionately impacted by the relentless increase in grocery prices; agrees with the Bakers, Food and Allied Workers union in calling for urgent regulatory action to tackle the plague of excessive corporate profiteering by UK supermarkets; and urges the Government to introduce a statutory Right to Food for everyone in the country.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Corbyn, Jeremy
Independent
Signed on 20 January 2023
Islington North
Carden, Dan
Labour
Signed on 20 January 2023
Liverpool, Walton
Ribeiro-Addy, Bell
Labour
Signed on 20 January 2023
Streatham
McDonald, Andy
Labour
Signed on 20 January 2023
Middlesbrough
Lavery, Ian
Labour
Signed on 20 January 2023
Wansbeck
Blake, Olivia
Labour
Signed on 20 January 2023
Sheffield, Hallam
Whitley, Mick
Labour
Signed on 20 January 2023
Birkenhead
Foy, Mary Kelly
Labour
Signed on 20 January 2023
City of Durham
Edwards, Jonathan
Independent
Signed on 23 January 2023
Carmarthen East and Dinefwr
Trickett, Jon
Labour
Signed on 23 January 2023
Hemsworth
Linden, David
Scottish National Party
Signed on 23 January 2023
Glasgow East
Sultana, Zarah
Labour
Signed on 23 January 2023
Coventry South
Shannon, Jim
Democratic Unionist Party
Signed on 23 January 2023
Strangford
Thewliss, Alison
Scottish National Party
Signed on 23 January 2023
Glasgow Central
Winter, Beth
Labour
Signed on 23 January 2023
Cynon Valley
Webbe, Claudia
Independent
Signed on 23 January 2023
Leicester East
Osborne, Kate
Labour
Signed on 24 January 2023
Jarrow
Bardell, Hannah
Scottish National Party
Signed on 25 January 2023
Livingston
Begum, Apsana
Labour
Signed on 25 January 2023
Poplar and Limehouse
Lewis, Clive
Labour
Signed on 25 January 2023
Norwich South
Lucas, Caroline
Green Party
Signed on 26 January 2023
Brighton, Pavilion
Lake, Ben
Plaid Cymru
Signed on 26 January 2023
Ceredigion
Saville Roberts, Liz
Plaid Cymru
Signed on 26 January 2023
Dwyfor Meirionnydd
Williams, Hywel
Plaid Cymru
Signed on 26 January 2023
Arfon
Hanna, Claire
Social Democratic & Labour Party
Signed on 26 January 2023
Belfast South
Burgon, Richard
Labour
Signed on 15 May 2023
Leeds East

There are no withdrawn signatures for this motion.