Hi,
Have no idea what percentage of goods are imports in
UK
vs. US, and whether protective import tariffs are more
a factor on one side of the pond than the other.
The last time I looked, the USA imports about 25% more than it
imports, the UK is pretty much even imports v. exports.
Also don't know if the UK
subsidises farmers like the US does, or as much. I doubt
most people think about these subsidies when they price
corn or milk at the grocery store.
The UK (and the EU in general) has quite generous agricultural
subsidies, but not nearly as high in the UK as the US. A couple
of years ago the US was selling wheat on the open market at only
54% of the cost of production, the rest was subsidy.
The EU is working toward elimiating, or at least severely curtailing,
agricultural subsidies.
A lot of times energy costs end up being a big factor
in
the cost of finished goods too. That might be tax-related,
or could reflect actual higher oil prices there than here.
Bottom line is it's probably a whole bunch of factors.
One big one is that we pay 17.5% tax on almost everything we
buy, except foodstuffs - although you pay it if you have a meal
served to you :-(
For those that asked, I think the current TV licence is 104 pounds
per year (about $70) or slightly over the price of one pint of beer
per week.
--
Cheers,
Stan Barr stanb(a)dial.pipex.com
The future was never like this!