Before you know it Britian’s streets will be nothing more than massive shopping aisles as the country turns into one huge supermarket.

With the likes of Tesco and Sainsbury’s attempting to put their sizeable interests into practically every sector going, news that the big four supermarket chains, which also includes M&S and Morrisons, are now planning to steal customers away from banks with their own current accounts will hardly come as much of a surprise.

According to new research from financial website The Motley Fool, 17 million bank could switch their money into supermarket current accounts as the nation’s love affair with the big retail giants grows ever stronger.

While one in five consumers already has a supermarket credit card and one in ten a savings account, only one in every 200 has a store-branded current account, something that is set to change according to the report.

David Kuo of Motley Fool says: “As supermarkets wheel their trolley of growth along the aisles of opportunity, they are unlikely to let anyone stand in their way”. Before we continue, we must apologise for the dismal use of metaphors in the previous quote. They are uncalled for and basically rubbish. Anyway, Kuo continues, “It is reckoned that over 40million adults in the UK have a current account. This is a massive unpicked cherry for supermarkets to target.”

“Unpicked cherry”? He’s at it again.

What will supermarkets get their greedy paws on next – Religion? Schools? Hospitals? This is no ordinary rectal examination – this is a Marks & Spencer rectal examination.

Came straight to this page? Visit www.kerching.tv for all the latest news.

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