TESCO SALES OF LAGER AT BELOW COST

That this House deplores the behaviour of Tesco in selling lager below-cost price only a month after calling on the Government to outlaw the practice; notes that Tesco was the only major supermarket company to be found doing so according to research undertaken by the Financial Mail; observes that the company will be holding its Annual General Meeting on 2 July 2010, and hopes that institutional and individual shareholders will condemn the deliberate below-cost sales of alcohol; and calls on the Government to undertake a thorough investigation of discounting in the sale of alcohol drinks by supermarket companies, which is contrary to the principles of competition and damaging to the health of consumers.