Latest editorial
THE competition watchdog is being urged to look at the likely merger of Sainsbury’s and Asda amid concerns over loss of jobs and restricted consumer choice.
The £10 billion deal was under wraps until Saturday but is expected to be announced as soon as today. A merger between the two supermarkets would result in them having a bigger combined share of the grocery market than than the current leader Tesco.
Sainsbury’s and Walmart-owned Asda are the second and third-largest grocery retailers in Britain but they have been squeezed by the rise of lower-cost supermarkets Aldi and Lidl.
Growing instability in the US economy and financial markets could have serious consequences worldwide because of the central role of the US dollar and financial system, argues MICHAEL BURKE
PHILIP ENGLISH says military spending will not create the jobs young people need — instead, build an economy based around needs, not profit