The new Competition Test is a good start. But it is no more than that.
It is very high time to make the supermarkets fund investment in agriculture and small business (investment to be determined in close consultation with the National Farmers’ Union and the Federation of Small Businesses) by means of a windfall tax, to be followed if necessary by a permanently higher flat rate of corporation tax.
In either case, there must be strict regulation to ensure that the costs of this are not passed on to suppliers, workers, consumers, communities or the environment.
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