Letter: Why CDs cost more in Britain

Mr Ken Sockolov
Wednesday 12 May 1993 18:02 EDT
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Sir: Now that the National Heritage Select Committee has published its report on CD pricing, we see it for what it is; they had a premise and they used their time to find arguments to support that premise while disregarding all other information presented to them.

Gerald Kaufman et al kept trying to ask the simple question: 'But why is the same CD in the US more expensive in the UK?' Despite the extensive, detailed work that all their witnesses went to to explain in depth why this happens, the committee failed to come up with the simple answer that everything costs more in the UK than in the US. We're living in a different economy than the people in the US are, and I'm afraid that this committee is living in a different reality than the rest of us.

Sincerely,

KEN SOCKOLOV

Managing Director

European Operations

Tower Records

London, W8

12 May

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