Brexit effect.

[Terry - Somerset]

In June there were approx Euro 1.30:£ - the rate varies daily. There are now approx Euro 1.15:£.

For imported items this means the price may be expected to increase by around 13%. It is probably the case that the change in exchange rates is Brexit related - but any greater increase is probably not justified.

 

[Benchwayze]

Thing go up , things go down . This was happening with metal prices not that many years ago .
When anything goes up in price now it just seems that everyone jumps on the bandwagon and blames Brexit !

Quite agree Clk. Especially the BBC's economic 'experts'. Brexit is bound to have influences; some bad, some good. They just seem to want to concentrate on the disadvantages. We don't often hear of anything welcome, being credited to Brexit. Not by Auntie at least.

 

[tomatwark]

I would say we are seeing a 8-12% increase which is in line with the exchange rate and the suppliers/manufacturers swallowing the difference.

I suspect that the ones who are increasing more than this had probably already been holding their prices and taking a lower profit margin and have taken the chance to bring themselves back a better profit margin or are allowing a bit extra for further increases over the next few months.

If you are in business you should be making a profit in the materials anyway and either have to swallow any price increases in that profit, buy better or put your prices up to cover any increases and variations in prices.

 

[heimlaga]

Theese exchange rates provide you with a great opportunity to start making stuff in Britain both for domestic use and for export!

Once upon a time before the euro Finland devalved it's currency by 20% overnight when domestic manufacturing couldn't compete with imported any more.