2 thoughts on “The answer to the high street downturn is innovation – not taxes”

  1. Posted 22/08/2018 at 13:30 | Permalink

    The more the consumer is taxed, the less the less they have to spend in total, so they will allocate a greater proportion of this total to the cheapest shopping method, which is online shopping. This also applies to minimum alcohol pricing. If the supermarket price is increased and the drinker wants to consume the same amount of alcohol, they will buy a greater proportion of it from the supermarket. It will not benefit pubs.

  2. Posted 22/08/2018 at 13:50 | Permalink

    Further to my previous comment. The phenomenon I figured out myself in relation to minimum alcohol pricing was, as I’m sure you and your readers are well aware, independently discovered by (according to WP), Simon Gray in 1815 and the economist Sir Robert Giffen around 1890.

Leave a Reply

Your e-mail address will not be published.