Stat of the day: £49.51m

The amount supermarkets and dairy farms have been fined over the price fixing of dairy products.

by
Last Updated: 09 Oct 2013
They say there's no use crying over spilled milk, but the Office of Fair Trading seems to disagree. The watchdog has slapped Britain's biggest supermarkets with fines of nearly £50m over claims they rigged the prices of some dairy products. After an eight year investigation, the competition watchdog estimated shoppers had lost out by £270m after having to pay an extra 2p on a litre of milk and 2p for 100g of cheese.

Tesco, Sainsbury's, Asda, The Cheese Company and Safeway (now part of Morrisons) are some of those given heavy fines. But Tesco hasn't taken the decision lightly - the UK's biggest grocer has been fined £10m and is furious. Tesco denies it colluded with the others and is threatening legal action against the watchdog. That's one relationship rapidly going sour.   

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