been hearing this cop out on the radio alot.Originally Posted by smitchy2
obvious result should be that this time next year we shouldve had months of dirt cheap brit imports.
somehow i doubt it though.
a good example is he book business. there generaly priced in US dollars and STG , from my experience fecking NOTHING has been passed on when the goods are bought in every month. hence why i buy online now where i miraculously get the rate on the day.
Bring them back to spring rates then when the euro was 80p
the price difference in clothes hasnt changed since around 2002
"We know what to do, we just dont know how to get elected afterwards" Jean-Claude Juncker on how to fix the European economy
There is an assumption that UK business will price lower. Difficult to generalise but some may well decide set their trading so exports do not cost less to generate profit. They are as likely to sell at what the market will endure as try to increase market share. It will vary with each business.
The reason prices in Ireland isn't that UK multiples are operating some kind of screw-Ireland plot. It's LACK OF COMPETITION and a market that has been totally insensitive to price. We were willing to pay just about any figure you could pluck out of the sky for anything. It was completely mad.
We need to improve competition here, this could be helped by some sane planning laws that e.g. opening up more city centre retail space at a reasonable cost, rather than lining the pockets of Fianna Fail's developer buddies by restricting the amount of space available.
These retailers will take what they can get in any market, if they think they can get higher prices here, that's exactly what they will do.
The prices are lower in the UK because it's a more competitive market than Ireland, which is scary given that the UK is one of the least price competitive markets in Europe!
Basically for the last 10+ years we didn't give a toss if a pair of socks cost €25, we were in LOADS OF MONEY mode and were busily throwing our money down the toilet. This was paid for by wage increases, public expenditure (wage) increases and borrowing.
The UK had a similar insane mentality where a combination of rising costs and credit card expenditure drove a boom and people literally spent like there's no tomorrow with absolutely no concern about value for money.
Shockingly enough, the party's now over and tomorrow has arrived and it's not looking good. This is going to be one hell of a hangover.
When hell freezes over.
I've seen some bad rates in shops but the worst is dunnes with some items being sold at a rate of 0.55.
The difference is....they're Irish!
You still have the ridiculous situation where, for example, in Dunnes during the week, I saw the label on a pair of plain mens formal shoes says £20 / €30. Like someone coming up from the South is going to pay €30, when they could change their money first and get £28 for their €30!!!
The main retail streets in places like Letterkenny, Ballybofey, Lifford, Monaghan, Dundalk and Drogheda must be deserted these days?
Same in Debenhams. The Irish price on a cut-glass ornament I bought a few days ago was €22.50, the UK price was £15.00.
The euro price should have been reduced to €16.87 to reflect the euro-sterling exchange rate, maybe €17.50 at the most to allow for higher VAT.
No wonder people are feeling ripped off.
A useful new site for establishing the actual price differences after separating out the VAT differences and so on.
Dual Pricing in Ireland
Please use only real data where you have it.
Dan Sullivan. I was back but we still couldn't all have a vote.
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Most of the UK chain stores only, or nearly only, sell goods produced outside the UK. So prehaps we can expect UK prices to rise in the new year to make up for losses on import prices.
"Who will bailout the IMF after FF is finished with them?"
During Christmas Week ,Wallis were selling a dress marked £45 and €70, an exchange rate of about 0.60. Meanwhile Brian LendAHand and local Senator Marc McSharry urge us to be "patriotic" and shop in the Republic.
The UK retailers are under no political pressure to drop their prices; in fact ZanuFF support the ripoffs.
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