"We know what to do, we just dont know how to get elected afterwards" Jean-Claude Juncker on how to fix the European economy
I agree with you on 2,3,4 but God spare us another time wasting enquiry. We know enough already. Import agents, distributors and retailers are ripping us off but the exodus northwards will stop it and by the end of 2009 prices will have shot up in the North due to a weak sterling.
Two weeks after hell freezes over.
The enemy of my enemy is the enemy of my enemy. There are lies, damn lies and Fine Gael confusions. "I don't understand." Alan "it's only 79 punts" Shatter
When will people realise that the UK and Ireland are different markets and retailers can charge different prices if they like. Yes it is infuriating to see such price differences for the same product in euro and sterling where it seems we are being ripped off but please bear in mind that each market has different characteristics:
1. Wages and Income levels of Consumers which is an important determinant.
2. Consumer sales tax (VAT, excise duties etc)
3. Cost bases of retailers (wages, rates, energy...though this aspect is often overemphasised by retailers when really it isnt that significant, I wish retailers wouldnt use this arguement to fight its cause)
It is also the case that in the UK prices of their imports should rise eventually to counter the weakness of the pound. At the moment, due partly to the recession and weak consumer demand, it seems that British retailers are taking a lost on their UK imports and having it cross subsided by Irish shoppers and the profits they earn from favourable currency exchanges. No-one seems to give that point any thought within the media. It is likely that these profits are helping to kept British retailers in business which is benefial to consumers both here and in the UK in the long run since it helps maintain competition. This recession could see our retail landscape greatly changed and not for benefit of consumers and consumer choice. Give that some thought.
Something I noticed today was the Newsweek mag and its pricing policy throughout the eurozone. You will notice that its 6.5Euro in all eurozone countries. That might seem perfectly fine to some but if you dig deeper, it will become clear that we are being ripped off, slightly. We dont pay VAT on mags but in some countries there are subject to a small VAT rate, usually 3-5% for serious content. So what you all make of that, though on the other hand, base prices for cars are cheaper here to make the selling price comparable to other countries after tax. So it works both ways and we sometimes win, sometimes lose.
My advice, stop talking about the price differences between the UK and Ireland.It really isnt a well thought out idea in the media. It would be better to think in terms of your own currency and make decisions based on price relative to your standard of living.
If you want TRAVEL to the UK and avail of the advantage of the weak pound but dont demand that because something is priced £10 in the UK it should be on 11 Euro or whatever here. Things are more complicated than that and not for the weak reasons put forward by the retailers either.