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Thursday, 20 January 2011

image for Cost of UK Living Price Forecast One of the biggest hit products

Penny Banks, our Spoof Gazette Financial Correspondent has been looking at the cost of living in the UK - Comparing the actual cost of products in 1951 compared to 2011, and then assessing the difference % between those years, she forecasts what these items will cost (if still available at all) in 2071.

With some scary results - especially for the youngsters of today.

Let's face it, would the now older generation ever have believed in 1966 what things would cost in 2000 if anyone had told them?

No, we'd have laughed at the thought of a loaf of bread costing over 10p (2/- Two shillings).

I recall the utter disbelieve from my father when he found out that we had to pay 3d (1.5p) for a bag of chips, up from 2d (1d)

It was even worse when he got the shock of of his bottle of IPA (Indian Pale Ale) from the corner beer-off, went up from 9d (4.5p) to 11d!

When petrol went up to 2/3d (10.3p) a gallon, well, you would not want to now what Dad said about that price increase!


For simplicity she has converted all old £ s d prices to the new currency.
They are all average costs, not calculated using regional prices.

    Daz Soap Powder
    1951: 3p
    2011: £2.48
    2071: £204.84

    12 Eggs
    1951: 10p
    2011: £1.00
    2071: £13.00

    800g Loaf of bread
    1951: 1d
    2011: £1.25
    2071: £125.34

    Pint of Milk
    1951: 1p
    2011: 65p
    2071: £42.25

    2lb Granulated Sugar
    1951: 5p
    2011: 90p
    2071: £16.23

    Butter
    1951: 4p
    2011: £1.25
    2071: £27.50

    Semi Detached House
    1951: £280
    2011: £223,121
    2071: £2,499,432

    20 Cigarettes
    1951: 5p
    2011: £5.30
    2071: £567.00

    MPs Earnings (with unfiddled expenses & running costs paid) per week
    1951: £8,489
    2011: £86,788
    2071: £424,488

    Highest Priced Penthouse in London
    1951: £624,000
    2011: £135,000,000
    2071: £29160,000,000


    Average weekly Pay
    1951: £10.52
    2011: £411.34
    2071: £11608.61

    Average Single Persons Unemployment Benefits with less than certain limit in savings
    1951: £2.43
    2011: £119.34
    2071: £4,214.05

    Cost of Petrol Per litre
    1951: 17p (Rationed)
    2011: £5.77
    2071: £196.18

The story above is a satire or parody. It is entirely fictitious.

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