From today's Financial Times

From dishwashers to desktops and Chardonnays to phone chargers, retailers are making consumers pay more for goods on the high street as a weaker pound forces up their own costs to bring goods in from abroad.

Apple raised the cost of some of its products three weeks ago — a move blamed by analysts on the weakness of sterling against the dollar — but this is now being widely followed by other manufacturers and retailers.

Smaller, independent retailers in London selling imported electrical goods have told the Financial Times that prices have had to be lifted by up to 10 per cent to make up the shortfall from the weaker pound.

“All our suppliers put prices up, and we’ve had to reflect that in our latest pricing,” said the director of one small electricals retailer based on Tottenham Court Road.

“It’s not as bad as we first feared — we thought it could be about 10-20 per cent rise, but it’s actually about 5 per cent across most goods. White goods have gone up 10 per cent, though.”

Such smaller outlets are at the coalface of the retail trade, with many of the bigger groups more insulated owing to long-dated currency hedging and stockpiling that can mitigate the immediate effects of fluctuations in sterling.

However, analysts expect that even the largest high street chains will be forced to lift prices by early next year as stock purchased at lower prices is depleted. Next, for example, has warned that the fall in the value of the pound could affect its cost base next year when its hedges run out, with costs “around 9 per cent worse” than in 2016. 3 x FL1 2 manual + 1 auto
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Call me cynical but......

In boardrooms everywhere greedy business are working out how to make more money and blaming it on Brexit seems like a good scapegoat  Wanted a Series 2 LR since childhood but previously owned MY16 Disco Sport HSE TD4 Auto, MY13 RR Sport Black Edition TDV6 Auto, MY10 RR Sport HSE TDV6 Auto, 2007 Freelander 1 Freestyle TD4 Soft Top, 2009 Freelander 2 GS TD4 Auto, 2007 Freelander 2 GS TD4, 2004 Disco 2 Metropolis Auto, 2002 Disco 2 GS, 2000 Freelander 1 SE TD4 SW

Still hoping for a S2 one day!

Here here

I 1/3 what muddy says .. since brexit I've been keeping a close eye on my im vestments, to say overall I've made a handsome sum is an understatement.. these guys in business say one thing and do another. Do it now ! Your a long time dead !!

Article in today's FT saying that as in any divorce settlement, Brexit negotiators are looking at what share of the Euro8.7bn EU assets we can take away. Our share would be land and office space, 5,250 bottles of fine wines and spirits, £2m of art, some space satellites, buildings etc.
Most ironic is the former Tory HQ in Smith's Square currently used as the EU commission and which includes a UKIP office used by Nigel Farage. Presumably we could end up receiving rent from EU buildings around Europe. 3 x FL1 2 manual + 1 auto
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http://www.irishcentral.com/news/irishvoic...ed-kingdom

Republican/US voice comic, who cares  my PC is slightly to the right of Genghis
2012 HSE SD4 In Orkney Grey now gone, best car ever.

The Pm is the Pm , dont let too many people in on the discussions otherwise you end up with a referendum again, see where that gets you. we cant start splitting off and asking the Scots, Welsh sheppy and east Hull opinions. At work
At home

"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

npinks wrote:

since Brexit, i have not noticed any change at all in my daily life, shopping bills still the same, and so on, so i'm still happy with my vote

no we haven't but thats not stopping those that panic PANICKING


saying that my brother just paid for is hotel in Norway, and due to the €>£ its cost him £300 more than it would have pre-brexit Former Mod/Member, with the most post & Chicken George Arch nemesis

andy3681 wrote:

Oil is in dollers so euro pound rate has no affect on price.

price of new tractors is down, showing that the cost of things is based more on what people can afford to pay more than the real cost or currency conversion. still there is more margin to play with on such a thing, washing machines etc will be driven by currency At work
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"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

It's a very clever system, the £ goes down, prices rise especially road fuel which is mainly tax, the chancellor then receives an increase government revenue as the VAT receipts increase due to higher prices. The foreign exchange index is a very manipulative index are where many are screwed by those who would rather not seen as the instigator. my PC is slightly to the right of Genghis
2012 HSE SD4 In Orkney Grey now gone, best car ever.

Most big companies use currency hedging to alleviate exchange rate variations so a lot of imported products are not affected at the moment but when the hedges finish in the new year we will see some general price increases on imported goods. There is also the possibility of an increase in interest rates to protect the £.
One of my sons has recently accepted a job abroad paid in US $ and he reckons that it's worth about 15% more than when they originally offered it to him. 3 x FL1 2 manual + 1 auto
5 x FL2 4 manual + 1 auto
Now Discovery Sport P250 MHEV SE

npinks wrote:

As for Brexit, its just another load of scaremongering by those who didn't want to leave

npinks wrote:

just to add, if this turns in to a slanging match over Brexit views then i will close the thread

No contradiction there then...