Oireachtas Joint and Select Committees

Tuesday, 26 March 2013

Joint Oireachtas Committee on Agriculture, Food and the Marine

Groceries Sector: Discussion with Musgrave Group and Tesco

5:30 pm

Photo of Michael McNamaraMichael McNamara (Clare, Labour) | Oireachtas source

Today, Northern Ireland's utility regulator produced a report stating that the cost of energy for manufacturers - it might be different for retailers, but I would expect the figures to be similar - is higher in Northern Ireland than it is in the South. What proportion of our guests' overall costs is constituted by wages? I am sorry, as I am not a mathematician, but the percentage would need to be high - I accept that wages are higher in the South - if it could account for a 14% higher product cost without a greater profit margin.

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