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Tue 06 Jun 2009Steep prices blamed on taxes and lax shoppers
TAXES, THE high cost of doing business here and lax consumer attitudes are to blame for the fact that prices are higher in the Republic than in the North, according to a Competition Authority report to be released today.
Big retailers are absolved in the report of failing to pass on savings resulting from the euro-sterling differential. The report says the price of imports from the sterling zone should now be falling, with a knock-on effect on prices in the shops, as a result of two substantial depreciations of the British currency during the past year.
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