Hiding Price Increases

Published / Last Updated on 13/12/2010

Hiding Price Increases

According to a survey by accountancy group KPMG, numerous retailers are planning to increase prices by more than the VAT rise. It estimates that 40 per cent of UK firms, across all industries are planning to do the same.

Lots of retailers and consumer goods manufacturers had found it necessary to discount rigorously in recent years to hang on to wary customers, the plan to now increase prices was a logical response, according to Martin Scott, Partner at KPMG Performance & Technology.

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