OPINION: The recent draft report from the Commerce Commission on supermarkets held few surprises for ordinary consumers. If asked, I suspect the average New Zealander would think supermarkets and banks were making similar profits. If both industries are so profitable, why have we had a Commerce Commission inquiry into supermarkets, but not banks? I remain hopeful that this Government will have the kahunas to direct the Commerce Commission to properly review our banking sector. In the budget, the Commerce Commission was given another $30.4m extra for the next three years, and $13.9m per year thereafter.

Source: Stuff August 08, 2021 16:52 UTC