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Hi John, We’ve just announced the next steps in our work to ease the cost of living, with further action on supermarkets. I wanted to send a quick update to make sure you’d heard about these changes, which will make sure you’re getting a fairer deal at the checkout. We know New Zealanders are fed up with paying a premium for everyday items, while supermarkets rake in $1 million a day in excess profits. These high prices are driven by the lack of competition in the grocery industry, so we’re taking a range of actions to tackle the issue. Here’s how we’re making sure supermarkets are playing fair:
Together, these changes will help to fix our supermarket sector, and ensure people are paying a fair price at the checkout. They come on top of our recent work to stop supermarket “land wars”, where supermarkets block competitors from setting up shop in certain suburbs. You can find more information about our latest announcement here. Given the pressure New Zealanders are under due to global inflation and cost of living increases, we can’t afford to wait to make these changes. That’s why we’re taking stronger action than the Commerce Commission proposed, to make our grocery sector more competitive and ensure consumers are paying fairer prices. This is another way we’re stepping up to support New Zealanders, and builds on all the work we've done to help low and middle income families. From cutting fuel tax to boosting Working for Families and Superannuation, we’re providing extra support to help people through this tough period. You can read more about everything we’re doing to help ease the pressure here. That’s just a quick overview of this week’s announcement, but in summary, this is good news for Kiwi consumers and will make a real difference at the checkout. If you’d like to help spread the news, share this Facebook graphic with your family and friends. Thanks, |
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