Unite general secretary Sharon Graham’s response to Tesco’s announcement of a £2.3bn pre-tax profit – more than double the previous year’s number, and its best result for more than a decade – was furious.
“Tesco is raking in mountains of cash while families struggle to put food on the table because of sky-high prices. Many companies have used the cost of living crisis to grab excessive profits,” said Graham. “There is an epidemic of profiteering in our economy – the government has been missing in action and failed to curb it.”
Tesco’s headline numbers seem to suggest that, while a large cohort of customers is struggling to afford the basics, shareholders have been feasting on its Finest range.
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