Government unlikely to pass legislation to breakup supermarkets

Sky News Contributor Joe Hilderbrand says he thinks it's unlikely that the government will pass new legislation to breakup supermarkets. Mr Hilderbran’s remarks come as The Greens are pushing for a new bill designed to limit the power of Coles and Woolworths in the supermarket sector. The move would force the chains to sell off parts of their business to limit price inflation and increase competition. The bill would make large businesses divest assets if their market power blocks competition. “I don’t think it can politically, and I’m not necessarily sure it wants to both politically and economically,” he told Sky News host Paul Murray. “I think yes give them the powers, but I would treat them almost as reserve powers. “Like a stick that is always holstered that people know is there.”