/ Food & Drink, Shopping

I’m won over by Tesco’s Big Price Drop – are you?

Tesco superstore Clapham

So it comes to this – the banks won’t help us, and neither will the energy companies or petrol stations. But, amazingly Tesco will – today it’s lowering prices over 3,000 items. Will the Big Price Drop help you budget?

I say ‘amazingly’, because this is one giant organisation that I never thought I’d be praising in a Conversation.

Yet, credit where it’s due, today’s launch of the Big Price Drop promises to slash the price of more than 3,000 everyday products, from loaves of bread to cheese and ham.

Admittedly, the retailer isn’t doing this out of the goodness of its heart – but it’s a sure-fire way to melt the hearts of the armies of consumers who are paying through the nose for just about everything right now.

Sure, it’s a cunning plan to steal customers away from the competition, but bring it on. Who knows, it may even spark a price war on the high streets?

Shining a spotlight on other services

What Tesco’s Big Price Drop also does is put an intense spotlight on other key product and service providers. It would be nice to think that banks – with their lousy interest rates on accounts and high rates on credit cards and loans – will take heed and follow suit. After all, they’re not exactly winning people over right now.

And if banks want to regain consumers’ trust, offering us a decent interest rate seems a logical place to start. I bet they won’t feel the heat of that particular spotlight though.

And neither will the train providers. Ticket prices are so high that transport secretary Phillip Hammond recently went so far as to say that they are a ‘rich man’s toy’. Great, because it’s not as if it’s dirt cheap to fill up the car with fuel – another example of a sector that passes on price increases like they are going out of fashion, but stalls when the prices fall.

Winners and losers

Given how much we spend on the weekly shop, the news that one supermarket (Britain’s biggest to boot) is reducing prices is welcome. But it still comes with a sting in the tail, as the banks, lenders, energy companies, transport sector and so on will prove to be the real winners. They’ll continue to gobble up all of our spare cash, including a proportion of the change we save on groceries.

I don’t know whether champagne will be among the products on special offer, but I guess the fat cats who run our banks, transport and utility companies can afford the full price anyway, don’t you?

Will Tesco's Big Price Drop help you save on your shopping?

No, it's just a PR stunt (44%, 444 Votes)

Not sure, I'll have to give it a try to see (35%, 358 Votes)

Yes, I'll be shopping there (21%, 217 Votes)

Total Voters: 1,019

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Shopped at Tesco for years but now I’m an aldi convert so Tesco you can keep your 3 for 2 and your buy 1 get one free as I’m going for one at the normal price.

Allan Kirkwood says:
2 October 2011

Tried Tesco today, it’s a big con. looked for my regular items and they still were not cheaper than Aldi’s.Still offering 2 for £5 when the unit cost are £2.40 !!!! We are also paying for it by Tesco removing double clubcard points. Shop around as usual and look for the best deals

DAVID says:
2 October 2011

I am slightly biased as I work for Tesco and have a 10% staff discount card.( I am a Truck driver at the Scottish Distribution Centre.) Please believe me, this is no cynical marketing ploy! They want to keep you shopping there and will do whatever it takes to keep your loyalty..

john says:
2 October 2011

Lidl sells decent coffee pods for £1.49 but for the the decaff version I have to go to Tesco £2.99

Alastair says:
3 October 2011

According to “The Grocer”, prices at Tesco have actually RISEN this week on their random shopping basket.

Kanu Patel says:
3 October 2011

I have been to Tesco this week.I find 3 for 2 is not good for me.I think they want to keep away pensioner because pensioner do not need quantity they need day to day shopping.


Interesting… The Grocer has revealed that Tesco’s prices aren’t going down on it’s basket of 33 staple items:

“Despite the ‘Big Price Drop’ activity, incorporating £500m of price cuts which rolled out across all the chain’s store formats on Monday, Tesco’s overall price of £58.37 was actually £1.34 more expensive than if the shop had been carried out a week earlier.

And the UK’s biggest retailer was only the third-cheapest supermarket for the 33 items on our shopping list, coming in £4.67 more expensive than Asda and 79p dearer than Sainsbury’s.”

More here: http://www.thegrocer.co.uk/articles.aspx?page=articles&ID=221405

I cant say I’m surprised by this – what do you think?


I am not happy with the Tesco way. World domination at any cost. Have never shopped at Tesco for well over 5 years now and have vowed never to shop there ever again. It seems that we have a Tesco on every corner here. Support the local shops!!!!!!!!!

Anne Humphries says:
3 October 2011

We do not have a Tesco near us but we do have Lidl very near and Aldi not too far away,
we love these shops, quality food and goods at low prices.
All this buy 2 get third free is not acceptable to pensioners.
We need to support our local; shops although I do agree that parking can be a big problem.