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Marks & Spencer ‘to increase prices by up to 15%’ despite making post-Brexit promise |
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#51 |
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Join Date: Oct 2003
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Quote:
Still doesn't change the fact it's gone up 50p because of the brexit disaster, as has all the products in the entire range
Or is the whole thing bought ready-made from a non-UK wholesaler? |
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#52 |
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Join Date: Jun 2006
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Project fear. M&S are liberal metropolitan elites who have no idea how real people live.
Clearly however this is the first time in that stores 125 year history that sterling has ever fallen in value! |
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#53 |
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Join Date: Sep 2003
Location: Devon
Posts: 47,965
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I think that's the question though, is it all because of brexit and the currency machinations? What's the source of the chicken, tomatoes, olives, and which of these has gone up so much that the price of the end product is up by 14.28571%?
Or is the whole thing bought ready-made from a non-UK wholesaler? |
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#54 |
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Join Date: Mar 2015
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Quote:
Still doesn't change the fact it's gone up 50p because of the brexit disaster, as has all the products in the entire range
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#55 |
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Join Date: Oct 2003
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The answer is probably a bit of both, genuine cost rises of imports due to a fall in sterling and opportunistic price rises which have nothing to do with that but businesses look to blame on Brexit.
There's updates to websites, ticket changes on the shelves (and/or freezers), special offers to recalculate, and I should think printing costs too, if the packaging is pre-printed - they probably don't have to clear the shelves of the cheap ones first as normal stock rotation and barging shovellers* will cover that. Every single price change has its own cost, never mind an entire range - that creates its own problems especially if there's an 'any 3 for 2' type thing because they all have to be changed at the same time. Point being, price changes on such items are therefore likely to be few and far between, and larger steps as a result. Do we know when they last put the price up of those? * you know the sort, you are just about to grab one, someone barges in and starts shovelling their way through looking for more stickered items that aren't going to be there, and then you are left trying to find the one undamaged one while the staff think it was you wot done it. |
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#56 |
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Join Date: Apr 2011
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How is brexit and the fall in the GBP to blame for the 14% price hike? When Sainsbury's Just Cook Chicken Breast Fillets with Sunbaked Tomatoes & Olives is made in the UK with UK ingredients, the main ingredient is British chicken.
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#57 |
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Join Date: Jun 2006
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He's telling the truth. As I just posted, other supermarkets have already started increasing their prices from today.
The cold hard truth is going to start hitting people like a ton of bricks from today. |
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#58 |
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Join Date: Jun 2016
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Do we know when they last put the price up of those?
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#59 |
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Join Date: Oct 2006
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i admit I have never bought anything from M&S as they overcharge for everything my view but my mother used to buy clothes there until they started sourcing coats and stuff from low cost Asian suppliers whilst at the same time putting up their prices to customers.
I recall her walking out in disgust without the coat she had had in her hand until she saw where it was made. She has never gone back. |
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#60 |
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Join Date: Dec 2011
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People who care about this - even if they personally can afford an extra 50p on M&S ready meals - should not buy them. Market forces and all that.
The most sensible shopping you can do is buy 'freeze on day of purchase' via offers, and those items reduced because 'use by date' is approaching. This also cuts down on wastage - the amount of fresh food thrown away in GB is horrendous. This way you only buy or get out of the freezer what you are definitely going to consume within 24 hours and save money. British business puts its prices up, loses customers to Lidl & Aldi. British business closes stores making staff redundant. German businesses Aldi & Lidl open more stores and take on more staff. Money drained from the British economy in the form of payments to senior staff, dividends etc. |
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#61 |
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Join Date: Jul 2003
Location: Pimlico, central London, UK
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i admit I have never bought anything from M&S as they overcharge for everything my view but my mother used to buy clothes there until they started sourcing coats and stuff from low cost Asian suppliers whilst at the same time putting up their prices to customers.
I recall her walking out in disgust without the coat she had had in her hand until she saw where it was made. She has never gone back. As for M&S food, a lot of it is pretty overrated. Much prefer Waitrose which has a much better choice. |
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#62 |
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Join Date: Mar 2015
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Just because the chickens are grown in the UK doesn't mean the company that runs the farms is based in the UK and thus requires payment in euro's.
In any event as the consumer is paying in GBP and the production costs are in GBP there is no reason for a price hike based on currency exchange rates. |
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#63 |
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Join Date: Dec 2011
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I'm pretty confident that :
Theengineer is Anna Soubry Aurichie is Nick Clegg Thiswillbefun is Tim Farron Trevgo is Bob Geldof NetNut is Ken Clarke Oleo Strut is Jean Claude Junker Gove, Leadsom, Farage, IDS, May (not the Brian variety) etc. |
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#64 |
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Join Date: Jun 2010
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Sainsbury's have already started jacking up their prices from today. Some of the meals I buy have gone from £3.50 to £4.00. Various other meats and products are 10-15% more expensive. Various loaves and batons are 10% more expensive.
. Some special offers have finished but no overall price increases. |
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#65 |
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Join Date: Jul 2004
Location: Coventry
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Who's the CEO of M&S, Nick Clegg?
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#66 |
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Join Date: Apr 2011
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I would assume supermarkets would pay in GBP for food products made in the UK using UK produce. Otherwise its UK consumers pay in GBP, supermarket converts GBP to Euros and pays supplier, supplier converts Euros back into GBP to pay their production costs.
In any event as the consumer is paying in GBP and the production costs are in GBP there is no reason for a price hike based on currency exchange rates. |
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#67 |
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Prices have been going up for some items in supermarkets for the last few years .
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#68 |
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Join Date: Mar 2015
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A lot of bigger companies use currency hedging to fix the basic price for a period so probably that time has run out and a new agreement is needed and the deal isn't as good as the old one so its either they absorb the costs or put up prices and at 15% I doubt many companies could absorb that sort of price changes.
I would assume supermarkets would pay in GBP for food products made in the UK using UK produce. Otherwise its UK consumers pay in GBP, supermarket converts GBP to Euros and pays supplier, supplier converts Euros back into GBP to pay their production costs. Which adds pointless costs, risks and complexity. |
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#69 |
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Join Date: Apr 2011
Posts: 10,733
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Quote:
As the consumer is paying in GBP and the production costs are in GBP there is no reason for a price hike based on currency exchange rates.
I would assume supermarkets would pay in GBP for food products made in the UK using UK produce. Otherwise its UK consumers pay in GBP, supermarket converts GBP to Euros and pays supplier, supplier converts Euros back into GBP to pay their production costs. Which adds pointless costs, risks and complexity. |
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#70 |
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Join Date: Oct 2006
Posts: 5,158
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To be fair though, how many high street stores sell clothes made in the UK? Hardly any mass produced clothes are made in this country.
As for M&S food, a lot of it is pretty overrated. Much prefer Waitrose which has a much better choice. A lot of High street shops sell foreign clothes but they don't charge M and S prices. |
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#71 |
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Join Date: Mar 2003
Posts: 4,518
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Quote:
As the consumer is paying in GBP and the production costs are in GBP there is no reason for a price hike based on currency exchange rates.
I would assume supermarkets would pay in GBP for food products made in the UK using UK produce. Otherwise its UK consumers pay in GBP, supermarket converts GBP to Euros and pays supplier, supplier converts Euros back into GBP to pay their production costs. Which adds pointless costs, risks and complexity. |
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#72 |
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Join Date: Mar 2015
Location: A bunker
Posts: 5,957
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Quote:
I'm pretty confident that :
Theengineer is Anna Soubry Aurichie is Nick Clegg Thiswillbefun is Tim Farron Trevgo is Bob Geldof NetNut is Ken Clarke Oleo Strut is Jean Claude Junker |
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#73 |
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Join Date: Oct 2003
Posts: 10,874
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Quote:
It would depend on the product. There was a report a few years ago of Scottish prawns being shipped to Thailand where they were hand peeled before being shipped back to the UK. There are numerous other examples. Coffee from Africa being packed in India, Cockles from Wales being pickled in Holland and then sent back to the UK.
Prawns, 2006, due to be shelled in Thailand http://news.bbc.co.uk/1/hi/scotland/...nd/6150240.stm Cockles, 2013, being pickled in the Netherlands http://www.walesonline.co.uk/news/wa...-miles-2252809 e2a: this one does mention the others and a few more besides - haddock in Poland, Canadian prawns in Iceland (the country), Bolivian nuts in Italy... Not surprised about the Netherlands as that's where all that Italian food is made
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#74 |
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Join Date: Jan 2014
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Just because the chickens are grown in the UK doesn't mean the company that runs the farms is based in the UK and thus requires payment in euro's.
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#75 |
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Join Date: Mar 2003
Posts: 4,518
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Quote:
I remember the prawns one and the cockles one seems familar but I can't find a ref for the coffee one?
Prawns, 2006, due to be shelled in Thailand http://news.bbc.co.uk/1/hi/scotland/...nd/6150240.stm Cockles, 2013, being pickled in the Netherlands http://www.walesonline.co.uk/news/wa...-miles-2252809 e2a: this one does mention the others and a few more besides - haddock in Poland, Canadian prawns in Iceland (the country), Bolivian nuts in Italy... Not surprised about the Netherlands as that's where all that Italian food is made ![]() Edit - found a reference to it: http://www.airportwatch.org.uk/2007/...to-be-shelled/ Last edited by TheEngineer : 02-01-2017 at 20:03. Reason: Found what I was looking for |
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