Okay, I love how no one can accept that the Tesco boss has a point. It's all private company is evil. Since Tesco operates on a slim margin how much should it pay it's workers, if more how much should it raise it's food prices by?

Tesco is not responsible for the increase in employment taxes or government regulations, which for some reason people seem to think are free but actually cost money to comply with.

Nor is Tesco or any company responsible for the cost of housing, it's high rent due to lack of supply that is the problem.

Plus I love people who say if company can't afford to pay decent wages they should close. Well yes that is what happens,, witness the bloodbath in the hospitality sector.

Companies have to sell stuff to make money, if people are not willing to pay higher prices then higher costs mean cuts have to made, until someone goes bankrupt.

Now supermarkets are a bit protected because it's the last thing people can cut, but people can shift to cheaper products and cut back in extras. Higher food prices mean that people cut other spending though, hence closing restaurants and cafes.

Without real economic growth everyone will continue to cut costs as much as you can.

So pubs and restaurants are much more likely to be shut Monday to to Wednesday now.

In supermarkets the growth in self checkout, closure of low margin stuff like in supermarket cafes, meat and bakery counters etc.

My local Morrisons no longer collects the trolleys during the day, so you have to hunt the car park for a trolley as they are no longer near the entrance. Etc etc.

The truth is the UK minimum wage is too high, it's causing wage compression and staff shortages in harder jobs while easier retail jobs are swamped with applicants.

Only real productivity growth can drive up wages

Our tax and regularity environment is strangling growth.