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British guitar buyers could be paying more for their instruments, thanks to Brexit

British guitar buyers could soon be playing the Brexit blues as price rises caused by the slump in the value of the pound feed through to music stores.

Prices are increasing by double digits as top US brands such as Gibson and Fender increase list prices to make up for the weaker purchasing power of sterling.

Anthony Macari, co-owner of Macari’s on London’s Denmark Street, said: “We are seeing increases of 10-15%, not just on American guitars but on guitars coming in from Europe and China. Everyone is catching up.”

He said increases were noticeable because guitar prices have barely risen in recent years. The full effect will be felt after Christmas, he said.

Via