1 00:00:00,080 --> 00:00:02,800 Speaker 1: ComCom Comms Commissioned at times I think has a needy 2 00:00:02,920 --> 00:00:05,160 Speaker 1: job in the sense it starts out life in appearance 3 00:00:05,160 --> 00:00:08,039 Speaker 1: anyway as being on our side, our being, you know, 4 00:00:08,080 --> 00:00:10,520 Speaker 1: the people's side. We need a hero protected to keep 5 00:00:10,560 --> 00:00:12,760 Speaker 1: the big bad boys away from our lives and our wallets. 6 00:00:12,800 --> 00:00:15,079 Speaker 1: And lately though they look like they might have a 7 00:00:15,160 --> 00:00:17,479 Speaker 1: large legal budget that someone's told them to spend or 8 00:00:17,480 --> 00:00:19,360 Speaker 1: else they're going to lose it, so out they come 9 00:00:19,400 --> 00:00:21,520 Speaker 1: with the lawyers the other day for one, you know, 10 00:00:21,560 --> 00:00:24,840 Speaker 1: the telco one over their starlink claims about texting anywhere 11 00:00:24,880 --> 00:00:26,840 Speaker 1: in the country. Now, this case to me looks literal. 12 00:00:27,600 --> 00:00:31,160 Speaker 1: You can't say you can text from anywhere. If literally 13 00:00:31,320 --> 00:00:33,440 Speaker 1: I can find a place where you can't see the 14 00:00:33,520 --> 00:00:36,160 Speaker 1: room for adults. Interpretation appears to be devoid of presence 15 00:00:36,200 --> 00:00:39,080 Speaker 1: in this particular case. Then we get food Stuffs yesterday, 16 00:00:39,080 --> 00:00:41,400 Speaker 1: who are to appeal a ruling by the ComCom on 17 00:00:41,440 --> 00:00:44,280 Speaker 1: its merger. Now, the interesting bit about food Stuffs is 18 00:00:44,280 --> 00:00:48,240 Speaker 1: that they are, unfortunately a supermarket, and supermarkets are hated 19 00:00:48,400 --> 00:00:51,080 Speaker 1: because they sell stuff at prices we've decided are too high. 20 00:00:51,120 --> 00:00:53,199 Speaker 1: They are in the same category as banks and telcos 21 00:00:53,240 --> 00:00:55,840 Speaker 1: and petrol stations and airlines all out there to rip 22 00:00:55,960 --> 00:00:58,920 Speaker 1: us off. Bleeders try and generally make life miserable. Food 23 00:00:58,960 --> 00:01:01,520 Speaker 1: stuff have got two bits, the north and the south. 24 00:01:01,560 --> 00:01:03,320 Speaker 1: They want to join the two bits together. From a 25 00:01:03,320 --> 00:01:06,920 Speaker 1: business perspective, makes perfect sense. You're playing with scale. Scales 26 00:01:06,959 --> 00:01:09,639 Speaker 1: generally good, but scale also reduces numbers in the market. 27 00:01:09,800 --> 00:01:12,920 Speaker 1: It may well reduce competition. Where we appear a bits 28 00:01:12,920 --> 00:01:15,679 Speaker 1: stuck in this country? Is that very fine and quite 29 00:01:15,720 --> 00:01:18,840 Speaker 1: probably indefinable line between letting people get on with business 30 00:01:19,000 --> 00:01:22,000 Speaker 1: and indeed creating an environment in which business prospers and 31 00:01:22,080 --> 00:01:26,080 Speaker 1: more businesses want to open and killing business by overregulating it, 32 00:01:26,240 --> 00:01:28,760 Speaker 1: driven in part by the fear over lack of competition 33 00:01:28,800 --> 00:01:31,240 Speaker 1: and therefore the punter being ripped off. What will be 34 00:01:31,280 --> 00:01:33,959 Speaker 1: interesting is whether the foodstuffs can argue their case on 35 00:01:34,040 --> 00:01:37,160 Speaker 1: fact or on what clearly is an over arching zeitgeist. 36 00:01:37,319 --> 00:01:39,440 Speaker 1: The banks, for example, appeared in front of the Government 37 00:01:39,440 --> 00:01:41,600 Speaker 1: committee into banking the other day. They made it, by thought, 38 00:01:42,000 --> 00:01:44,840 Speaker 1: very plausible, very reasonable case around their profits. It will 39 00:01:44,840 --> 00:01:47,040 Speaker 1: make no difference though, because the government doesn't want to 40 00:01:47,080 --> 00:01:50,360 Speaker 1: hear it. Maybe foodstuffs are the same. What is a 41 00:01:50,360 --> 00:01:53,920 Speaker 1: decent price a decent margin. What is the choice for 42 00:01:54,000 --> 00:01:55,640 Speaker 1: a punter who sees a can of beans at a 43 00:01:55,680 --> 00:01:58,120 Speaker 1: higher price one place that goes elsewhere? Is a court 44 00:01:58,160 --> 00:02:01,040 Speaker 1: even required? If the zeit god ied around business and 45 00:02:01,120 --> 00:02:06,480 Speaker 1: its success is predetermined whether sensibly logically or not. For 46 00:02:06,600 --> 00:02:09,640 Speaker 1: more from The Mic Asking Breakfast, listen live to News 47 00:02:09,680 --> 00:02:12,600 Speaker 1: Talk Set B from six am weekdays, or follow the 48 00:02:12,639 --> 00:02:14,360 Speaker 1: podcast on iHeartRadio.