The competition watchdog is being urged by politicians to investigate the possible merger of Sainsbury’s and Asda amid concerns over consumer choice. The possible merger has also raised fears over the impact it may have on jobs. Liberal Democrat leader Sir Vince Cable, the former business secretary, said the Competition and Markets Authority (CMA) “must investigate” any deal after it emerged the companies were in advanced talks. Shadow business secretary Rebecca Long-Bailey echoed Cable’s calls, warning the merger risks “squeezing what little competition there is in the groceries market even further”. Bailey warned that, in the absence of proper vetting, it would be “British shoppers that suffer from rising prices and British workers that may be fearing for their jobs”.

Source: Huffington Post April 29, 2018 15:22 UTC