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WHEN British Gas announced on February 8th that it would be cutting its prices for the first time in almost seven years, it sparked a long-overdue price war.
McCoy believes that, in any case, change in the industry is long overdue, and any price increase is to be welcomed.
Opponents want to see more rapid changes in business models to speed up overdue innovation: cheaper pricing in poor countries, more use of on-demand digital services, less exclusivity in distribution, and ultimately, less reliance on selling albums and DVDs.
Analysts cited an overdue correction in prices.
The current turbulence is not so much a credit crunch as an overdue testing of prices and risk assessments.
If nothing else, it triggered an overdue correction in a price that had come to seem artificially low – in the dubious expectation of some heedless public gamble – at just 5-4.
Clearer pricing is overdue.
Central banks cannot and should not try to prevent an overdue correction in share prices.
Inflation reached 7.7% in February, the highest in a decade (pushed up in part by long overdue hikes in regulated prices for fuel and electricity).
Curbs on charges have been greeted as long overdue by consumers, but prices in Britain are lower than in Europe and America, and networks are warning that further political intervention could force them to pass the cost on to customers.
One broker familiar with the listing thought that the slashed price was long overdue and could lead the sellers of other overpriced Upper East Side co-ops to cut prices as well, stimulating sales at last.
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