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In Reply to: RE: So Britttissshhh pound drops... posted by Ivan303 on April 07, 2017 at 10:16:50
The pound dropping should make things more expensive in the UK but it should make british goods bought in other countries cheaper if anything.
That is what economists tell us all the time: A low pound makes british exports more competitive ie cheaper.
They have to IMPORT all of the parts that go into the speakers, then their cost of goods goes UP. Then they may eventually have to pay their workers MORE because everything their workers buy is also imported and costs MORE.
So they raise prices to compensate and its a wash.
Labour is at least 90% of product cost and Harbeth claim to make their own drivers.
The Pound dropped by 20% and wages are stagnating here.
There is no economic reason whatsoever why prices of british goods abroad should go up.
Simple truth is someone in the retail chain got very greedy indeed.
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