The Cost Of Clothing In The UK Will Increase By More Than 20 Years.

Seemingly unrelated RMB The rise in labor disputes with China has made a heavy blow to the British clothing industry. According to the UK, the cost of clothing in the UK will increase by more than 20 years, due to factors such as British debt and labor disputes.

Verdict, a Retail Research Institute, has predicted that the price of British clothing will rise 4.4% this year, the highest since 1986. Neil Sanders Saunders, Verdict consultant, said that although it would bring additional pressure to consumers, the price of clothing could not decline forever, and it would only increase in the next few years. Neil

The report points out that Consumer It has become accustomed to the low price of clothing, and the reduction of personal income due to the austerity measures will aggravate the public's concern about inflation. A senior British retailer executive said that the price of the entire industry will inevitably rise.

Because last year came from the United States. Order Reducing the opportunity to "take advantage of the British retailers" and a competitive agreement with Chinese suppliers offset the rising cost of sterling depreciation, but now China's labor disputes have increased wages and increased labor costs, squeezing the discount space.

SanfordC.Bernstein analyst Luca Solca (Luca Solca) pointed out that British retailers are suffering from the "attack" of the depreciation of the pound and appreciation of the renminbi.

In fact, it is not just the United Kingdom, but also the US consumers who have always preferred "made in China" to the end of the era of cheap and good quality. Reuters reported that a US retail executive said that the appreciation of the renminbi, the increase in primary commodity prices and the rise in wages of Chinese workers all provided the manufacturing cost of Chinese products. As China's infrastructure and employment teams have reached a certain scale, there will not be a large number of enterprises withdrawing from China, which will lead Western consumers to buy clothing and electronic goods at a higher price.

But when British consumers sigh that goods are no longer cheap, they should pay more attention to their "consumption tax". According to the British fiscal tightening plan, the consumption tax will rise from 17.5% to 20% in January 4, 2011, thereby increasing taxes over 13 billion. Some analysts point out that this will lead retailers to either digest their own costs or spanfer them to downstream suppliers, and consumers will be affected.