GBP-EUR parity

[NotAllThere]

Getting there slowly...

To be fair, it's been closer. But compared to the Swiss Franc, it's never been lower.

[GitMaster69]

Not quite: • Germany: car exports, by country 2018 | Statista

behind paywall.

[darmstadt]

Has anyone seen the number of Merc, Audi and BMW cars on the roads these days? Eveybody is driving them, from hair dressers to brain surgeons. UK is the biggest market for these cars and also for household appliances. Imagine what would happen to Germany economy once UK stops importing the goods. A crash in Euro is inevitable

Not quite: • Germany: car exports, by country 2018 | Statista

[AtW]

So you don’t think the EUSSR coordinates pricing to funnel money from the British consumer into the Merkelreich. How sweet.

EUSSR will benefit from nice 10% bump on British car exports that will become non-competitive - plenty of choices of cars in EU, unlike UK.

[Old Greg]

Ah, Merc can't increase prices by 10% if Audi decides not to do so, but now they are ALL in the same boat and will be able to sneak in 2-3% increases on top of that to cover the agrro.

So you don’t think the EUSSR coordinates pricing to funnel money from the British consumer into the Merkelreich. How sweet.

[AtW]

Why doesn't every luxury goods maker increase the prices of goods by 20%??

Because if they do so they will be done for anti-trust violation.

[fullyautomatix]

If the answer is nobody, then the Germans have been missing a trick by not increasing prices by 10%.

Cretin dispatched. Next!

Why doesn't every luxury goods maker increase the prices of goods by 20%?? It seems Andy here knows all about buying habits of population and nobody really cares for value for money.

[AtW]

If the answer is nobody, then the Germans have been missing a trick by not increasing prices by 10%.

Ah, Merc can't increase prices by 10% if Audi decides not to do so, but now they are ALL in the same boat and will be able to sneak in 2-3% increases on top of that to cover the agrro.

[Old Greg]

why would anyone stop driving German cars if they cost £33k instead of £30k , if suppose there is 10% import duty.

If the answer is nobody, then the Germans have been missing a trick by not increasing prices by 10%.

Cretin dispatched. Next!

[AtW]

why would anyone stop driving German cars if they cost £33k instead of £30k , if suppose there is 10% import duty.

90% of drivers in UK don't buy cars anyway, they rent them, so if it's another 1% APR added then nobody would notice or care.

Increased brand new car prices would help hold used car market also, so will add to stability of all those loans that banks are very exposed to, so from financial stability point of view it's even better if new stuff will be 10-15% more expensive.

Also don't forget who will collect that 10% - HMRC, so that's an effective new VAT that will raise lots of money without breaking manifesto promises.