Who Like Marmite Then?

Production costs of marmite haven't gone up (as per Jiffy's explanation ) but there is bound to be some effect on Unilever because most of their shareholders are in Europe. So if the dividend remains the same over here the amount the shareholders receive in Euros will be lower. This doesn't equate to a 10% hike.

It may do so for some of their other products that are manufactured abroad but I seriously doubt that 10% is a fair reflection of this. Even if the material costs have risen by 10% they aren't the full amount of the wholesale price as there are profit margins calculated into the price for marketing, transport, shelf profit etc.

Outside of Unilever, there is certainly going to be an increase in prices in our shops for some items because of the drastic drop in the value of the pound. This should only be small for things produced in this country and could possibly encourage more home grown industry.

As Kandy says, holidays abroad will cost more. At the moment it's only affecting your spending money as holiday companies have protected themselves for fluctuations in exchange rates by buying ahead. I suspect it may affect the cost of foreign holidays from mid to late summer next year but it wouldn't surprise me if the travel companies start to cash in on the situation earlier.

Holidays in this country will not be affected (maybe they will be marginally affected) and the tourist industry should see a big rise in clientele. This will be from UK citizens remaining here for their holidays but also a big rise in foreign tourists coming here because the pound is so much cheaper for them now. According to the figures that I saw for Autumn bookings here there has already been an increase of almost 10% in Americans booking to come here.

This will be a needed boost to the hotel and restaurant trade in holiday areas, and to local companies that supply them.

So it's not all doom and gloom - only partly.

I was at a meeting the other day and some of the businesses told me that they had bought in raw materials well in advance because they foresaw the drop in the pound. This will help them ride out any sudden fluctuations.

I don't like Marmite but I do buy some of their other products. Unilever have thousands of different brands and Tesco say that they normally stock 200 of them. It wouldn't surprise me if they go into producing more of their own brands.

I use Dove (for my delicate skin ) but I don't think my annual cost is going to rise much. If you like Ben and Jerry's or Walls then watch out! They make popular hair products such as Tresemme, TIGI, Toni and Guy, Timotei etc. Some of the food brands are theirs (I don't consider Marmite as food ) such as Knorr, Liptons, Brooke Bond, PG Tips and Bovril.

 

I'm not sure which one tastes worse!

 

It seems that they have settled the dispute somehow although they've not said how just yet. They've both probably compromised and Unilever has reduced it's price rise to a more acceptable level........but that's only a guess

Me??............I love it on toast!!

 

But what type of bread do you use for the toast?

 

Thick crusty Door stoppers.

 

Looks like that slice of "bread" has lots of fibre and grain in it, Shiney.