Post-Referendum Price Rises?

[FrankieX]

After the EU referendum result came through, the value of the UK Pound (£) dropped something like 10-15% against all the major currencies and hasn't shown any indication it will improve in the last week. In simple terms this makes it 10% (-ish) more expensive for us to buy things sold in other currencies, and conversely 10% (-ish) cheaper for people using other currencies to buy things sold in pounds (£). Seeing as the festival is based in the UK and uses pounds, that means the cost of overseas performers, petrol/gas and probably no end of other things I couldn't begin to imagine will jump in price quite dramatically for next year's festival (assuming the UK Pound doesn't recover its value).

Whilst they could make cuts in certain areas, like charity donations, I would assume they'd prefer to keep things largely as they are. Ticket prices have to be decided by the end of September, so how likely is it that next year's tickets will be about £250 (an 11% increase) each?

[russycarps]

A big increase in price is inevitable regardless of the referendum result!

[eFestivals]

10 minutes ago, FrankieX said:

..so how likely is it that next year's tickets will be about £250 (an 11% increase) each?

Pretty likely I think.

They'll be noticeable increases in stuff like food prices and fuel prices before the end of this month.

[rpfranks]

They increase price every year but I do imagine if the pound doesn't recover it might be a little steeper than usual. 

Either that or less international acts

[nikkic]

Yep tickets go up each year now regardless. I do wonder what the limit is in terms of how high the ticket prices can go. 

[Lucy92]

If people will pay it the price will just continue to rise