Cameron Off With The Fairies Again

by Dick Puddlecote

Cameron Off With The Fairies Again I want to tell you a story.

I once knew a guy who was a very well-paid buyer for a major supermarket. He wasn’t around much, mostly taking flights to places like Brazil and the Philippines, and occasionally very hard-to-reach places like Senegal. Hard-to-reach because he was entitled to fly business class and some of the backwaters he went to involved tortuous journeys in economy. Oh, the inhumanity!

He would tell me about his trips when he was in the pub back in blighty, along with the luxuries he was treated to by those who were begging for an order.

He has played golf at Pebble Beach, for free; sampled 150 year old Armagnac at three Michelin star restaurants, for free; and been wined, dined and generally made to feel like a God the world over … for free. I don’t see him much these days since he moved to North Africa to oversee the company’s acquisition of a major indigenous supermarket chain.

However, wherever he is, if he was reading the Telegraph online on Friday, I’m sure he would have had a right chuckle over David Cameron’s stunning lack of understanding of the retail market.

Families like mine pay more for food to subsidise binge drinking, says David Cameron

Middle class families are being charged more for every day food in supermarkets to subsidise cheap alcohol deals for binge drinkers, David Cameron has said.

Timmy has already described why his credulous opinions are desperately flawed, while Leg Iron and Mudgie have had some fun with the article too, but why not just add this little nugget, eh?

You see, what do you reckon my pal was buying? Meat, perhaps? Vegetables? Was he overseeing the frozen food buying policy?

No, he bought tuna. Not fresh tuna, either, that was someone else’s job. Tinned tuna. Crab was the task of someone else too, as was salmon and pilchards. He only bought tinned tuna for just one supermarket. But when he finally put in an order, it was in the tens of millions of pounds … per couple of months.

He did this because he knew the price of a tin of tuna, and what would be the price most favourable for buying the tuna. He didn’t ever ring up a guy who buys alcohol and ask how much leeway he had to buy the tuna. He. Just. Bought. Tinned. Tuna.

I really believe Cameron is struggling to understand the vastness of supermarket budgets and how they don’t pre-dispose themselves towards puerile, simplistic theories such as the one he has allowed himself to be quoted on in public. Giving away big bucks in selling alcohol compromises each and every one of the many supermarket buyers of every chain. No matter the economies of scale, supermarkets would find it mind-fuckingly complicated to attempt playing around with margins on every food item they sell just to give chavs a cheap ride on alcohol.

What’s more, he bases his entire opinion on the ‘evidence’ provided by that renowned global economist Dr Chris Record, a liver specialist from Newcastle University. Someone who isn’t even aware of his own area of expertise, let alone that of others.

“Alcohol consumption in the UK has been rising dramatically. You can get your recommended daily allowance of alcohol for the same price of a bag of crisps. It’s ridiculous.”

Not quite as ridiculous as an alcohol expert who is obviously mathematically illiterate, according to the BBC and the ONS.

Britons have been drinking less and less every year since 2002.

Men and women of all ages are slowly curbing their excesses and drinking in moderation, according to the annual survey from the Office for National Statistics, which covers England, Scotland and Wales.

Or, indeed, as ridiculous as a Prime Minister who ignores all proper economic and retail experts, instead preferring to base his policies on the raving opinions of a Walter Mitty fantasist.

Remember, people, that this Cameron guy is in charge of the economy too! Scary, huh?

One response to “Cameron Off With The Fairies Again

  1. Yes it is scary.

    It is like watching the American authorities attacking people for “manipulating the markets” as if they were following the demented theories that led to the statutes against “engrossing and forestalling” (that Edmund Burke managed to get repealed in the 1700s – but judges were trying to enforce even in the 19th century, till an Act of Parliament was specifically passed to stop judges disrupting the wholesale trade – which is what “engrossing” and “forestalling” actually is).

    Bans on “insider trading” (what used to be called “getting a tip”), endless “anti trust” and “competition policy” regulations (as if a neo classical economics book was a picture of reality) and now – demented attacks on supermarkets.

    We have a Prime Minister who sits up at night worried about the “plots” and “manipulations” of Tesco and so on.

    It is indeed scary.