Quizzes & Puzzles1 min ago
Why Are We Forever Being Ripped Off In This Country?
10 Answers
Answers
Best Answer
No best answer has yet been selected by anotheoldgit. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.// This included a Knalla bag which will cost you £5 here but only £1.61 - a fraction of the price - in the US, while a Skruvsta swivel chair will set you back // £100 here but is far cheaper at £59 in American stores.
A Brimnes double bed frame is £105 in British stores, but only £76 in the US, a saving. //
UK prices include VAT. The US does not have a national tax rate, these are set locally and differ from State to State, so all prices quoted in the US are before tax.
A Brimnes double bed frame is £105 in British stores, but only £76 in the US, a saving. //
UK prices include VAT. The US does not have a national tax rate, these are set locally and differ from State to State, so all prices quoted in the US are before tax.
The reason why product often carry a higher price tag in the UK is down to simple market forces.
If the market supports a television on sale in the UK for £750, and the manufacture can turn a profit, it will sell for £750, even if it retails for £450 in Thailand.
A much better example is the Big Mac. Whilst MacDonalds is a global concern, the price of a Big Mac varies from country to country. The price is based on what the consumer is willing to pay, and the relative disposable income of the consumer.
It's not solely based on the cost of raw materials, transportation costs, advertising, storage and retail.
However, those costs are also a factor in pricing...just not the only ones.
Therefore, it's not fair to compare prices across borders.
If the market supports a television on sale in the UK for £750, and the manufacture can turn a profit, it will sell for £750, even if it retails for £450 in Thailand.
A much better example is the Big Mac. Whilst MacDonalds is a global concern, the price of a Big Mac varies from country to country. The price is based on what the consumer is willing to pay, and the relative disposable income of the consumer.
It's not solely based on the cost of raw materials, transportation costs, advertising, storage and retail.
However, those costs are also a factor in pricing...just not the only ones.
Therefore, it's not fair to compare prices across borders.
By the way the following is much cheaper in the UK, compared to the continent (this is from the MSN website):
1. Culture - art galleries and museums...while a number of museums in Europe charge an admission fee, it's free to stroll around the majority of Britain's museums and art galleries.
In the 1980s, entry fees were introduced to many museums, which resulted in visitor numbers falling steeply, but admissions promptly doubled after free entry to our major galleries and museums came back in late 2001.
2. Supermarket shopping - we're cheaper than France, Italy and Germany.
3. Bank accounts - our current accounts are free...which is unheard of in the US.
4. We earn more...a survey in 2009 found that Brits earned more than £35,000 per household, a whopping £10,000 above the European average.
Also, I've just thought - the price of broadband in the UK is much lower than in the US. This may be because we have a deregulated industry with so many different providers after our money. Not the case in the US.
1. Culture - art galleries and museums...while a number of museums in Europe charge an admission fee, it's free to stroll around the majority of Britain's museums and art galleries.
In the 1980s, entry fees were introduced to many museums, which resulted in visitor numbers falling steeply, but admissions promptly doubled after free entry to our major galleries and museums came back in late 2001.
2. Supermarket shopping - we're cheaper than France, Italy and Germany.
3. Bank accounts - our current accounts are free...which is unheard of in the US.
4. We earn more...a survey in 2009 found that Brits earned more than £35,000 per household, a whopping £10,000 above the European average.
Also, I've just thought - the price of broadband in the UK is much lower than in the US. This may be because we have a deregulated industry with so many different providers after our money. Not the case in the US.
-- answer removed --
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.