Sudocrem and Guinness are made in RoI.
Yet cheaper in NI.
[Not due to beer excise]
Why?
Firms know that the Irish are willing to pay more, so they can get away with charging more.
Supply-vs-Demand my friend, less demand up north....
I'm sure our Northern counterparts were moaning about Rip-Off Northern Ireland for the past while. It has been quite obvious around town at weekends the volumes of northern travellers to Dublin to take advantage of the then Sterling strength.Funny how this Rip off Ireland malarkey only starts off when Sterling falls precipitously against the Euro. 3 or 4 months ago we weren't hearing much about Rip Off Northern Ireland, although most shopping up there was more expensive than here.
T Mc Gibney mentioned lidl/Aldi compete very well here v N I prices.
In Derry recently and noticed Lidl items even allowing for £stg were dearer than in L,Kenny Lidl.!
I've never, ever heard it said actually.I'm sure our Northern counterparts were moaning about Rip-Off Northern Ireland for the past while.
It's all very well to consider shopping in the north to save money but personally I think it is important to also consider the bigger picture - shopping in the north is supporting the Northern Ireland/uk economy rather than the irish economy, shopping in the north is supporting northern jobs rather than irish jobs, buying and spending sterling is supporting sterling rather than the euro.
Comm rents
UORR - still applies to existing leases, so rents can't adjust to market realities - if we need a referendum to change this, then so be it.
Wages are higher here so prices will be higher... are we allowed to point that out?
Food: labour is a major input cost.If you are going down that route, then you need to consider all living costs - rent / homeloan rates, electricity and gas supply, food, taxation etc. etc.
Food: labour is a major input cost.
Electricity/Gas: Labour is a major input cost (in the case of the ESB it's over 50%)
Taxation: it's high because public employees are paid more than the UK and other European countries.
Home loan costs; they are high because house costs are high. We have a construction sector with very high wages and utterly inefficient construction methods.
To a great extent the cost of living is a reflection of wage costs or more particularly wage costs as a function of labour efficiency. We are not particularly efficient in the state sector or in sectors which are not open to international competition (and international best practice) but our wage costs are high. If want to be better off we need to be more efficient and productive. Just paying everyone more only makes everything more expensive. It's ironic that people understood that in the last 1980's but don't now.
Our labour costs are below German labour costs, yet our price level is 20% higher.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?