Why Tesco is so powerful

I was once told a story which effectively went along the lines that the economic jugernaut that is Tesco was so powerful, Sir Terry could go into Gordon Brown and say – thanks to our own price cuts inflation is 0.2% lower than it would be.

Apparently this anecdote has somewhat been confirmed. Now I'm not one to ever knock Britsih success stories and I have to say that Tesco certainly is one of those. But isn't it a little worrying when you hear stories of 1 in 8 pounds in the economy being spent in the one store, and now how shops like Tesco can have such an effect on the inflation rate.

It certainly must put them in a great negotiating position with Government wouldn't you think.

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