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Report tackles supermarket powers Report tackles supermarket powers
(10 minutes later)
Measures designed to curb the power of major supermarkets and improve choice for consumers have been announced by the Competition Commission.Measures designed to curb the power of major supermarkets and improve choice for consumers have been announced by the Competition Commission.
Changes to the planning system will make it harder for one chain to dominate a local area. Recommended changes to the planning system will make it harder for one chain to dominate a local area.
And a new independent ombudsman will resolve any disputes between suppliers and retailers.And a new independent ombudsman will resolve any disputes between suppliers and retailers.
The remedies come at the end of a two-year investigation into the UK's supermarket sector. The measures come at the end of a two-year investigation into the UK's supermarket sector.
The supermarket ombudsman will oversee a stronger code of practice that will cover all grocery retailers with a turnover greater than £1bn.
It will investigate any complaints made by suppliers against supermarkets, and the Competition Commission recommends that it should have the power to "levy significant financial penalties" on retailers if they do not comply with the ombudsman's findings.
Crucially for suppliers, it will accept confidential information about retailers from suppliers and producers.