Tesco profits on the up

Tesco has announced today that it’s half-year profits have risen by 11.3% to a staggering £1.43bn (the BBC News report is here). Very well done Tesco. I personally buy all of my bananas from there so I like to think that I’m helping them along. And not so long ago there was the announcement from Centrica that their profits were down, but that they were still making a profit. BP also announced a rise in profits of 6% for the second quarter of the year. Why have I mentioned these you might ask. Well there is a point…

The main difference between these is the outcry that is caused when an energy/fuel company makes a profit. People cry foul and demand that “windfall taxes” be introduced, and that energy companies are the spawn of the devil. However, when Tesco announce the increase in profits, is there such an outcry? Will there be phone calls today to the likes of Radio Five Live from outraged Tesco customers? Of course not. And that ticks me off!

Anyone who knows me outside of this blog knows that I’m one of those monkeys that works in the energy sector, and therefore I’m likely to defend it. And I say, “Of course I am!”. It just annoys me when normally level-headed people play such double standards as to not complain about Tesco making money, and not demand that prices should be slashed across the board. Sure I could choose to shop elsewhere, in the same way that people could choose to buy their groceries elsewhere. Maybe I should start a petition to get Tesco to lower their prices even further??!! That gives me an idea…

Here endeth the rant…