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A government-owned supermarket chain would sell groceries more than 20 per cent cheaper on average, under a plan hatched by a minor party.
The idea for the federal government to buy up 200 Coles and Woolworths stores and open more than 400 extra shop-fronts has been floated by a Greens-affiliated think tank and given the nod by the party's freshly minted leader.
Former MP and Green Institute head says proposal for publicly owned supermarket chain will ease grocery prices
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More than 200 Coles and Woolworths supermarkets would be nationalised, and hundreds of government grocery stores opened, under a $25bn plan being put forward by former Greens MP Max Chandler-Mather.
Channelling New York mayor Zohran Mamdani’s plan for publicly owned grocery stores, Chandler-Mather, the head of the party’s thinktank, the Green Institute, wants to use new forced divestiture laws to take over major supermarket sites and three distribution centres.
The Green Institute – the research arm of the party – was established to drive policy ideas, train volunteers and build its movement.
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The Albanese government has been urged to forcibly acquire hundreds of Coles and Woolworths supermarkets to bring down rising grocery prices, which have forced more than one-third of surveyed Australians to skip meals.
A YouGov survey released on Tuesday found 94 per cent of respondents were concerned about the cost of groceries, including 61 per cent who were “very concerned”.
A YouGov survey found 94 per cent of respondents were concerned about the cost of groceries. Jo Abi
Of the 1500 voters surveyed online, 79 per cent said it was harder to afford their supermarket bill compared to 12 months ago.
Recent analysis from consumer advocacy group Choice showed grocery prices had increased at all four of Australia’s major supermarket chains (Coles, Woolworths, Aldi and IGA), jumping 7 per cent between May and June this year.
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