This BBC story tells how major retailers and manufacturers are raising prices because of the fall in the value of the pound (GBP, £).
Dell and OnePlus are raising UK prices as a direct result of the idiotic result of the EU Referendum. Intro2020, a major importer and distributor of optical and camera equipment, is to follow having said that it had been:
…”punched in the stomach very hard” by sterling’s drop after the Brexit referendum.
Price rises are being predicted across the board by financial experts.
Since the result on 24 June, the pound has fallen 12% against the dollar, but it has fallen even more against Asian currencies – and most technology imports come from Asia. Dell has apparently applied a 10% increase in costs to UK retailers because its products are priced in US dollars. OnePlus has slapped a 6.5% increase on the price of its latest smartphone. Intro2020 is likely to increase its prices by at least 10%.
Sigma, which makes lenses, has said it will also have to raise prices because:
…the dramatic fall in the value of sterling as a result of [the] vote to leave the EU is far too great to be absorbed [by the usual price buffer]
It expects “volatility” in the pound for at least 9 months. And a retail expert has said:
For some markets, such as clothing and footwear, this will see a return to inflation after a period of deflation.
I wonder if those pricks who voted “leave”, and who are still expecting to see bonfires made out of immigrants as we ethnically cleanse this sceptr’d isle so it’s how they want it, are happy with what they’ve done.
This is the beginning of the reality. Price rises, followed by job losses and inflation. Someone has got to do something soon and reverse the idiotic decision to leave the EU.