See the J.E.P. 9/4/08. Martin Cottier in a few well chosen words has hit the nail on the head again. Though I think he forgot to ask the important question..Where does Terry Le Sewer get his hair cut?
Why don't they just price each item at 97p and let GST take it up to a rounded up quid?
The real value of a pound varies anyway - something that cost 67.5p ten years ago should now cost a quid if inflation is 4% per year, for example.
All they have to do is find products to sell at 97p that still give them a fair profit margin. If it wasn't for GST and they carried on as they were, a quid would only be worth 96p this time next year in real terms anyway - so it's only bringing things forward a year to go to 97p/item now.
As 103 World they're going to need to be dealing with a heck of a lot of loose change!
Username wtf are you going on about. Do you think that the rest of us do not understand inflation? You have missed the point completely.Anyway what has the col. increases got to do with where Terry Le Sewer gets his hair cut?
If you were his barber you could pit the price up 3% + all those other 4%'s that you are going on about.
The important question is who cut Terry Le Sewers hair? and does he charge at the chair or at the checkout??
wtf am I on about? I followed the title of the thread... what's the problem?
I haven't got the 9/4/08 JEP here, so I've no idea what YOU are commenting on