NOTE WELL, FOLKS - WHY YOU SHOULDNT TRUST COMPARISON (from The Times) Subscribe to The Week Magazine Digital Click to get your first 6 issues free City commentators Don’t trust comparison websites Matthew Parris The Times “Last year, a new consumer collective called the Big Deal exposed the duplicity of price comparison websites that claim to point us to the best energy deals,” says Matthew Parris. It revealed that “behind the cutesy public front” of “the Big Five” (Compare The Market, uSwitch, GoCompare, MoneySupermarket and Confused) “lurks something altogether grubbier”. While positioning themselves as being on our side, they are in fact “in the pockets of the very suppliers they claim disinterestedly to compare” – hiding the cheapest deals in favour of those paying them commission. How is this not fraud? It is surely nothing less than “obtaining a pecuniary advantage by deception”. You would think that the Government – under pressure from Labour over energy prices – would have come down hard on it. “I wish I could report ministers are trying.” An intelligent Conservative’s duty is to show that “profit” is not a dirty word and to explain “how the free market can and should work”. Whose side are the Tories on? Dishonest and greedy businesses? Or their customers? THE WEEK24 January 2015
Posted on: Mon, 26 Jan 2015 00:45:24 +0000
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