Blog DOB: 15 Dec, 2012
All of the Irish Newspapers have visited the topic of Irish consumers being charged, in some cases up to 50% more, for same goods that are for sale in British multiples that operate here.Cries of Rip-off jump from the pages daily.
They have all being banging on about this outrageous practice, and asking questions like,why are the savings accruing from the weak sterling/euro exchange rate not being passed on by the likes of Tesco.
There has been so much written it has caused Brian Cowen, Taoiseach, to call members of the National Consumer Association "f*#kers", indeed this must be a serious issue.
As the newspapers ask the stores to explain, what are they doing?, exactly the same thing. I buy a newspaper almost everyday, and on Sunday this extends to 2 or 3. All these newspapers carry dual pricing in Euro and Stg£, and here are the prices being charged and what the should be charged if you use £.79 exchange rate.
|Newspaper||€ price||£ Stg Price||€.79p exchange|
|The Irish Times||1.80||1.00||1.26|
|Sunday Business Post||2.40||1.70||2.15|
I buy 5 Irish Times and 1 each of the Sunday Newspapers it would cost you €16.30 for the week, this would be £9.75 and this translated at .79p it should cost me an Euro equivalent of €12.32. The difference is €3.98 , which means that the above Irish Newspapers are, on average are 32.30% more expensive in Ireland than in the UK eventhough they are produced here.
So if the newspapers want to be the consumer advocate should'nt they get their own house in order first? and start explaining why they are'nt practising what they preach.