The retail consultancy Verdict believes further tech price rises will follow. “These will come sooner rather than later for those who have not hedged currency far in advance or for whom there is little flexibility in operational costs to mitigate currency fluctuations,” said Andrew Hall. “Retailers cannot be fully expected to absorb the costs incurred by currency volatility in the wake of Brexit. “As such, price rises are likely to impact a number of products. “For some markets, such as clothing and footwear, this will see a return to inflation after a period of deflation.”
“Hilton cited economic factors, saying that the tech industry is in part responsible for disrupting traditional employment and leaving many people behind.”
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