The Isaac Newton Paradox - Falling Pound, Rising Apples

Posted by Paul Anderson Riley in Personal Finance on 31 October 2016 - Paul is a Credit Analyst at checkmyfile

Are alternatives to Apple laptops and desktops about to see a rise in popularity? This could be possible with Apple revealing that products will now be more expensive for UK consumers to buy.

Although some think that Apple products are already expensive enough as it is, the UK will now have to spend even more money to acquire a product from the fashionable range of Apple laptops and desktops, as the company increases prices by hundreds of pounds. At the unveiling of the new MacBook Pro Laptop it was announced that UK consumers will see prices that are now more in line with US costs, after VAT and currency conversions have been considered. Old ranges of the Apple laptop and desktop products will also see a price rise, with consumers having to pay hundreds of pounds more to obtain a Mac Pro in the UK.

Patrick O’Brien of Verdict Retail Consultancy predicts further prices rises and says, "Apple has to recalibrate prices after significant currency fluctuations, and since the EU referendum, UK prices are out of sync with the dollar… Apple has taken the hit up until now. While price increases won't look good to the consumer, it's difficult to blame Apple…Once you strip out UK sales tax (VAT) and the currency conversion, the new UK prices could still be viewed as fair."

The cheapest Apple laptop is the Macbook Air (13in) and this has gone from £849 in March 2015 to the current price of £949. The desktop Mac Pro was £2499 in December 2013 and will now cost you £2999.

Apple are not the only company amending prices in line with changing currency, many other technological companies have increased product prices. Some businesses services offered by industry competitor Microsoft will also see costs increased as a result of the pound’s falling value against the Euro. An announcement explains that some service prices will be increasing by 22% in 2017.

Microsoft says "We periodically assess the impact of local pricing of our products and services to ensure there is reasonable alignment across the region and this change is an outcome of this assessment."

Moving forward, as we are regularly reminded of the falling pound but the better performing economy, we will soon see how this impacts on us as consumers. Will the increased price of branded goods from outside the UK make us become savvier when shopping and less materialistic? Time will tell.

Check Your Multi-Agency Credit Report

30 Day Free Trial

Why Don’t Millennials Take Out Credit?

As a millennial, it can feel like my generation is besieged with criticisms on a daily basis, and not all of them are entirely fair (though lots are). We are frequently told that as a generation we are entitled, we have it so much easier than our elders and arguably, worst of all: we buy too many avocados. While I don’t buy avocados, I do have access to credit, which makes me a minority among my age group.

Published on 16 May 2018 by Beth Jennings

Full Article

Why Is My Loan Balance Wrong On My Credit Report?

One of the single most important pieces of information to appear on your credit file is the information relating to your credit agreements and how you repay them - with this information lenders can see your borrowing history across the last six years and use it to help them decide whether or not to offer you finance.

Published on 7 May 2018 by George Coburn

Full Article

How long do closed accounts appear on my credit report?

Some people believe that as soon as a credit agreement is settled and closed, it will no longer be reported to the UK’s Credit Reference Agencies and therefore will no longer have an influence on future credit applications. However, this is a popular misconception, one that could affect your ability to get credit if not correctly understood.

Published on 2 May 2018 by Tom Magor

Full Article

How to Save Big in the Bank Holiday Sales

Bank holidays may not guarantee a day of sun-soaked fun, but as is British tradition, we’d probably be quite happy barbecuing in the snow if it came to it. But no matter what your plans are, if you want to grab a bargain, you can use the Bank Holiday sales to save some serious money.

Published on 26 Apr 2018 by Kiah Phillips

Full Article

Should I Buy or Finance an Aston Martin Valkyrie?

We’ve all been there. £3 million burning a hole in your pocket and a track-going version of Aston Martin’s latest hypercar sat in front of you. But as a shrewd, savvy business-type, you know that dropping £3m in one go on a 1,100bhp car could be considered a questionable, perhaps even ‘baller’ move. But what about putting it on finance?

Published on 13 Apr 2018 by Jamie Mackenzie Smith

Full Article

How to Build Credit History Without a Credit Card

When it comes to the best way to build up a credit history, conventional wisdom is to take out a credit card and use it for everyday purchases, while paying it off (on time) at the end of every month. There’s plenty to support this advice too, as a credit card allows you to spend as much or as little as your limit will allow, while building a history in a reasonably short amount of time.

Published on 26 Mar 2018 by Jamie Mackenzie Smith

Full Article

Which Credit Report Information Can Landlords See

Whenever you rent a property, you will be required to pass some checks set by the landlord or letting agent to prove that you will be a good tenant and that you’ll be able to afford to rent the property.

Published on 19 Mar 2018 by Kevin Pearce

Full Article

Do Student Loans Affect My Ability to Get Credit?

For many people, a student loan is the single largest chunk of borrowing they ever take out, second only to a mortgage. With course fees alone now coming to more than £9,000 per year and then the added maintenance loan on top of it, you can easily end up borrowing £40,000 during your studies.

Published on 8 Mar 2018 by Jamie Mackenzie Smith

Full Article

How Far Back Can I get my Credit History?

For your recent payment history information, your credit file has everything you need; that’s why it’s given so much importance by lenders whenever you apply for credit. But if you’re looking for information that’s six years old or more, it’s probably not be the best place to start.

Published on 7 Mar 2018 by Jamie Mackenzie Smith

Full Article

Are Car Insurance Premiums Calculated Fairly?

Recently news stories have emerged alleging that a “John” might be more likely to get a cheaper car insurance quote than a “Mohammed”, and that someone with a Gmail account could be offered a lower premium than someone with a Hotmail email address.

Published on 12 Feb 2018 by Jamie Mackenzie Smith

Full Article
keyboard_arrow_left

keyboard_arrow_right

We have loads of great customer reviews