Tesco have been fined £10 million by the Office of Fair Trading (OFT) who say that the supermarket chain colluded with other supermarkets and suppliers to fix the price of cheese, which the OFT say cost consumers £270 million.

Tesco deny the charge and are considering appealing against the fine.

Others fined were J.Sainsbury (£11.04 million), Asda (£9.39 million) and Dairy Crest (£7.14 million) with smaller fines handed out to Safeway (now Morrisons) McLelland, The Cheese Company and Wiseman.