Price increase news

[Ahzek451]

Got this this morning. 

[darkhorse0607]

Could've been worse I guess 

 

I dont think there's any doubt that this is because of the tariffs given the timing (fall rather than spring which they normally do so they can get it before the end of the fiscal year)

 

I would assume they are thinking it'd be less risky to bump everyone up by 4% rather than hitting what is arguably their largest market with a higher percentage 

[Joe]

Yeah, the lateness of this price rise means this is almost certainly tied to the tariffs. Whilst the meanie in me would love to see the US customer base take the hit here, distributing it across all customers is better in the long term.

[Sky Potato]

11 minutes ago, Joe said:

Yeah, the lateness of this price rise means this is almost certainly tied to the tariffs. Whilst the meanie in me would love to see the US customer base take the hit here, distributing it across all customers is better in the long term.

Very altruistic of you - but why should I be expected to pay US tariffs when doing business with a UK company when I’m in the UK?

 

I know price rises are inevitable, but I don’t see why I should pay taxes for another countries issues when I’m buying inside my own country.

[Vassakov]

Yup, almost certainly a consequence of the US Tariffs, though in domestic UK news the energy regulator announced a price rise for customers here. 

 

Admittedly Ofcom only regulates the cost of residential energy, but it's an unwelcome reminder that far from the promises of the Government, energy prices are not falling here. And if you think this is bad, we've got our Budget in late October which will almost certainly make the picture worse here.

[Joe]

1 minute ago, Sky Potato said:

Very altruistic of you - but why should I be expected to pay US tariffs when doing business with a UK company when I’m in the UK?

 

I know price rises are inevitable, but I don’t see why I should pay taxes for another countries issues when I’m buying inside my own country.

 

Oh no, I entirely agree - I would rather not have to pay this at all given I'm also UK-based. However, being conscious that the majority of customers are now US-based I think this is a fairer solution for them. Does suck for the rest of the globe however.

[DarkMark]

So where they have competition, paints and such, there won't be a change. 

 

Remember that 4% will be on top of the price increase per release. Didn't the recent MK ii, over the MK ii & iv, heresy marines box jump 10-15%? Shameless.

 

 

[Mogger351]

5 minutes ago, DarkMark said:

So where they have competition, paints and such, there won't be a change. 

 

Remember that 4% will be on top of the price increase per release. Didn't the recent MK ii, over the MK ii & iv, heresy marines box jump 10-15%? Shameless.

 

 

Typically newly released products have it built in.

[SalamandersBro]

They make billions. Oh god forbid the share holders make less money. I lovemy games, but price increases just make it easier for me to not buy stuff

[Joe]

Games Workshop don't make billions, just for clarity. The company is valued at over two billion, but in terms of revenue they've not even come close to making their first billion.

[Mogger351]

10 minutes ago, SalamandersBro said:

They make billions. Oh god forbid the share holders make less money. I lovemy games, but price increases just make it easier for me to not buy stuff

It's ok, my workplace recently realised the infinite growth button wasn't real, acknowledged that process and inefficiency in places was causing them to get record profits that weren't a big enough number. So they hired a set of dodgy sales guys who sell pipe dreams, ditching line staff and promoted some upper management and called it done.

 

All in the name of shareholders need the line to go up.

[phandaal]

1 hour ago, Sky Potato said:

Very altruistic of you - but why should I be expected to pay US tariffs when doing business with a UK company when I’m in the UK?

 

I know price rises are inevitable, but I don’t see why I should pay taxes for another countries issues when I’m buying inside my own country.

 

GW are perfectly willing and able to price things based on region. They raise their prices everywhere because that is what they do. Assuming anything else is just speculation or responsibility shifting.

Edited 6 hours ago by phandaal

[Matcap86]

Ah good, my pile of potential will increase in value! 

[Wibbling]

2 hours ago, SalamandersBro said:

They make billions. Oh god forbid the share holders make less money. I lovemy games, but price increases just make it easier for me to not buy stuff

 

 

There are many reasons for the price hike. The most obvious is the massive cost of energy in the UK due to the 'climate change' and net zero acts. UK energy is only going to get more expensive. Experts - not officials who keep lying - predict 5% per year increase while we're pushing the green con. 

 

Then the Labour government added a massive lump of tax to every employee in an NI tax. That's a big hike, so it means redundancies or higher costs. As business does not pay tax these costs are passed on to customers in higher prices. Food inflation in the UK is something like 37% from 2018, for example. 

 

Bluntly, yes, GW are rapacious profiteers. That's a given. The only lines not being hiked are those with direct competition but the vast majority of their costs - and mine, as a fellow business owner (albeit at a tiny fraction of the scale) are down to government policy (from the last 25 years, not just the latest repugnant wasters). There's a lot of belt tightening going on because of those nitwits. 

[Elfranco]

Keeping of thr politics, as this is a big risk with some comments here, but I doubt this is tarrifs... Tarrifs are paid by the consumers on the impirted goods. If gw put up prices infernal then the tarrifs will be on top of that to my understanding. I guess they could be doing this and then eating them but I would hope not. 

It's woth keeping in mind there new factory work and move to solar may have them thinking they need to increase revenue... But really both a good investments and should not drive prices... All companies need to invest in things like green tech to avoid getting shafted by Trump and Putins literal power grabs. 

Still it all sucks having o pay more for what is not an essential. 

[Mogger351]

4 minutes ago, Elfranco said:

Keeping of thr politics, as this is a big risk with some comments here, but I doubt this is tarrifs... Tarrifs are paid by the consumers on the impirted goods. If gw put up prices infernal then the tarrifs will be on top of that to my understanding. I guess they could be doing this and then eating them but I would hope not. 

It's woth keeping in mind there new factory work and move to solar may have them thinking they need to increase revenue... But really both a good investments and should not drive prices... All companies need to invest in things like green tech to avoid getting shafted by Trump and Putins literal power grabs. 

Still it all sucks having o pay more for what is not an essential. 

GW import to themselves is my understanding. They essentially order stock into their US warehouse from their UK one, so the tarrifs for GW are at that point and the US customers don't directly see them.

 

As a result, a global rough 4% might actually to distribute tarrif impact across all customers.

[Mogger351]

31 minutes ago, Wibbling said:

 

 

There are many reasons for the price hike. The most obvious is the massive cost of energy in the UK due to the 'climate change' and net zero acts. UK energy is only going to get more expensive. Experts - not officials who keep lying - predict 5% per year increase while we're pushing the green con. 

 

 

I mean feel free to cite a source, but I'm pretty sure the massive increase is due to a lack of self-sufficiency of our energy supply. The fact that the price of oil and gas has been wildly volatile due to conflict, combined with the negative impact on the atmosphere and it makes sense to strive towards more self sufficient green energy.

 

Note this isn't intended as a politics thing, just seemed weird to blame green energy for a price rise when world conflcits had a bigger impact on UK energy bills than anything else.

Edited 4 hours ago by Mogger351

[Agramar_The_Luna_Wolf]

Expected but still a very bad news

[Evil Eye]

5 minutes ago, Mogger351 said:

Note this isn't intended as a politics thing, just seemed weird to blame green energy for a price rise when world conflcits had a bigger impact on UK energy bills than anything else.

It's kind of both. The UK has IIRC quite a lot of native natural gas deposits but with it being completely ignored due to the push towards """green""" energy (which itself isn't green at all but that's a whole other can of squigs) AND the current STILL ONGOING Eastern European Farce making imported gas more expensive, energy prices are continuing to skyrocket. And that's the least awful thing our overlords are doing. Frankly, without getting political, however bad our US fraters may think they have it, we have it far, far worse.

 

Anyway. Seems like I timed my order of more resin well. Printer will continue to go brrr.

[phandaal]

Bottom line is GW does not need an excuse to raise their prices. They do it as often as they think they can for any reason or sometimes no other reason than "want mo' money."

 

  

29 minutes ago, Evil Eye said:

Anyway. Seems like I timed my order of more resin well. Printer will continue to go brrr.

 

My reaction to price rises:

 

Spoiler

 

[sarabando]

after pricing out my resent iron hands prints would have cost £1250 from GW and only about 36 quid in resin i dont think il worry

[Karhedron]

47 minutes ago, Evil Eye said:

It's kind of both. The UK has IIRC quite a lot of native natural gas deposits but with it being completely ignored due to the push towards """green""" energy

 

Nothing of the sort. Britain does not have a national gas company, instead the government sells licenses for gas extraction to multinational companies who then sell the gas on the open market. When prices are high, we pay more for our gas because we are paying market rates, regardless of how much is coming out of North Sea gas fields. At the moment the government sells the licenses, it ceases to be "our" gas. Now the government could do it differently but that would involve undoing 30 years of privatisation.

 

Selling more licenses for gas extraction would not help because it would take years or even decades to come onstream and would only be a small increase in the global fossil fuel market. In short, lack of north sea gas is not inflating our energy prices because however much gas our fields produce, we still have to pay global market prices for it. Also, our electricity prices are pegged to natural gas prices because gas power stations are the supply that get switched on when demand is high.

 

In the long run, more renewables will bring prices down but not until there is enough capacity and storage installed for gas power stations to be switched off for significant periods of time.

[ThePenitentOne]

Whether the increase is due to tariffs or not, you can be sure of one thing: when the tariffs disappear, the price will stay high.

 

Just like all the other retailers jacked their prices due to Covid complications and never reset them once Covid was gone. Business will use ANY excuse to raise prices, but will never, ever lower them, even when the supposed "cause" of the increase is no longer present.

[Brother Casman]

Ah, of course - after all, the line can only go up.