I’ve had a couple of emails and social media questions about whether or not my prices will go up, now that the pound has been somewhat devalued post-referendum.
Over the last year or two, I’ve been building up my yarn bases to include yarns which are spun in the UK – Arthur, Elmet, Olwen and Elen being the key ones. Obviously, as these are all ‘in-house’, as it were, being British fibre spun in the UK, the cost of buying these yarns from my suppliers hasn’t gone up. Also, all my dyes and sundry items are also bought in the UK, and as yet I’ve not seen any changes in my suppliers’ prices.
Many of my yarns, though, while all being British wool fibres, are spun elsewhere. Some in Italy, some in South America, some elsewhere in the EU. The prices charged by my suppliers for these yarns have indeed taken a hike – some sharper than others.
Now, while the non-UK yarn base prices on their own would probably necessitate a rise in my retail and wholesale prices, I’m happy that my investment (continuing investment!) in a solid base of UK spun yarns will be able to buffer those non-UK price rises enough for me to be able to absorb the hikes myself.
In short, I won’t be putting my prices up due to the post-referendum fall in the value of sterling.
As always, I’ll be reviewing my prices in the new year, but for the moment it’s business as usual with no added surcharges.
Some good news, for a change!