Differing sales taxes, exchange rates, product specifications and the varying spending patterns between countries could all explain price differences between countries. Report author Professor John Kay said: 'If the Government wishes to see lower prices in the UK, it needs to turn its attention towards the operation of the differing power of manufacturers between countries, differences in taxes and the higher property costs faced by retailers in the UK.'
British Retail Consortium deputy chairman Alastair Eperon, said: 'Any debate on prices first needs to acknowledge the fact that levels of service and costs faced by retailers vary significantly between countries and these differences mean prices for retailed goods will differ. Any comparison overlooking the barriers to international price convergence is so flawed as to be meaningless.'
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