Will prices ever drop

People should start ordering things and when it comes start bartering or they’ll have to bin it.
It was a cheap hot dog sausage on a cheap bun and they pour the bottle of drink into a plastic cup. Still saw plenty of people buying the shit but I took our own food and drink in a cool box and we sat outside the main entrance. I’m not tight but there are limits . Was warned by my neighbour mate who is a season ticket holder that it was shocking
 
I’ve just looked at prices for hospitality at City, two seasons ago I took my dad to Legends it was £130 each, this season £190 and you don’t even get booze with it, so if the ticket is say £70, plus parking, £10 and a program £5, you are paying £100 or so for an average buffet! Well unless I win the lottery I’ll just be sticking to my seat in SS L3.
oh and that’s against Fulham, want to go against Liverpool £500!
 
My car insurance renewal came in today, the quote for the next 12 months is exactly 50% more (to the penny) than I paid for the last 12 months. There’s a big notice in the email saying not to bother calling them to negotiate as that’s their first and final offer.

The 50% increase is clearly an arbitrary piss take. No crashes, nothing’s changed. No justification at all.

On another note, in my business, we deal with lots of brands and companies big and small. The only company to really, really take the piss with multiple 20%+ price increases since covid is a household name with 80%+ market share, who know they can absolutely get away with it. I’ve spoken to the smaller brands in that niche who use the same factories, and their view is costs haven’t increased much since early 2022, so big hikes last year and this year weren’t needed.

The big brand who have taken the piss are also punting the same products out to the Far East and Africa at circa 90% less than they charge domestic wholesale customers (in UK packaging and from a UK port.)

Make no mistake, UK consumers are absolute fucking suckers in the eyes of many big companies.

Price increases are simply a land grab by those greedy, greedy cunts who think they can get away with it. And most of them do.

Nothing will ever change. Banks, insurance companies, big brands - they’re all in on it.
We have Mr Gove to thank for this. He was the governments man to work with the FCA on fair pricing for personal insurance products which call into effect last year.

So they effectively brought in that Insurers could only give the ‘technical price’ for Policies. Ie: what the insurer thinks your risk is worth to them. No discounts permitted.

Therefore one price based on the risk.

It used to be the model that Insurers would ‘price walk’ the price. This was a practice where they would look to get the right premium over a defined period, but would offer incentives (discounts) for new business.
For example, this means that say your technical rate was £1k, the insurer would start it at £750 first year, £800 the next, £1k the third, £1.1k the fourth and then £1.2k the fifth year. (Excluding any inflation etc)
The insurer gets their requisite premium over the 5 years (give or take) and customer gets a discount first year or two and can then cut and run after a year or two if they wish.

Insurers got greedy and then those people who didn’t move for 10 years or so, would be paying massively over the odds (mainly old people with no access to technology)- so government got involved.

Law was passed that Fair Pricing for all - so the discounts got stripped away - meaning all of us pay more!

Also inflation is bonkers (and I don’t need to explain things there!) so cost of claims are flying up. It’s hitting insurers hard, with some pulling out of personal lines.
 

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