Then and Now: Value of British Pound Stirling in 1950
fjs1net
in 1950.
That same year, she left England, and traveled by ship to New York, to
marry my dad, who had been living there for a couple of years already.
In the back of her passport, there is a statement of GBP 4.00 value
for "Foreign Exchange for Traveling Purposes".
Presume that this amount was just to cover her trip.
But the question is . . .
What would that GBP 4.00 (4 pounds) be able to buy in 1950, and what
would it be it's equivalent value today?
Any one know?
Many thanks in advance.
Fred
Percival P. Cassidy
I no longer recall what anything cost in 1950. What I do remember is
that for much of my childhood Brits would call 5 shillings "a dollar"
because at some point that had been the exchange rate, but for much of
the time the official fixed exchange rate was "seven and tuppence" to
the US dollar, i.e., "7 shillings and two pence."
Perce
johnb
It depends which index you use. Lots of information at
http://projects.exeter.ac.uk/RDavies/arian/current/howmuch.html
One of the links
http://www.measuringworth.com/ppoweruk/?redirurl=calculators/ppoweruk/
gives:
Current data is only available till 2008. In 2008, £4 0s 0d from 1950 is
worth
£102.68 using the retail price index.
£303.63 using average earnings.
Hugh Watkins
so foriegn exchange restrictions had a limit of about �20 a year in
foriegn currency
just google
foreign exchange control history 1945..1955
Hugh W
Ron Lankshear in Sydney NSW
was 2.80 so $11.20
A weeks pay for an Ag Lab in 1950
--
Ron Lankshear -Sydney NSW (from London-Shepherds
Bush/Chiswick)
try my links
http://freepages.rootsweb.ancestry.com/~lankshear/
John P. Bromley
Well Fred. For what it is worth (no pun intended), when I first
started work as an apprentice in 1946, my pay was 29/- per week,
less 1/11d. National Insurance. That was a 48 hour week too!!
At the rate exchange (for Canadian dollars) at that time it
amounted to about $4.00 per week.
Things ain't what they used to be!
John.
Steve Hayes
wrote:
>Well Fred. For what it is worth (no pun intended), when I first
>started work as an apprentice in 1946, my pay was 29/- per week,
>less 1/11d. National Insurance. That was a 48 hour week too!!
Wow!
And when I was a bus drive in London 20 years later, my pay was �29 a week,
admittedly with a bit of overtime. But 20 times as much in 20 years is quite a
rapid drop in the value of money.
--
Steve Hayes from Tshwane, South Africa
Web: http://hayesfam.bravehost.com/stevesig.htm
Blog: http://methodius.blogspot.com
E-mail - see web page, or parse: shayes at dunelm full stop org full stop uk
Lesley Robertson
"Steve Hayes" <haye...@hotmail.com> wrote in message
news:nbt695t78bpg8k6sl...@4ax.com...
> On 24 Aug 2009 19:11:51 GMT, bg...@FreeNet.Carleton.CA (John P. Bromley)
> wrote:
>
>>Well Fred. For what it is worth (no pun intended), when I first
>>started work as an apprentice in 1946, my pay was 29/- per week,
>>less 1/11d. National Insurance. That was a 48 hour week too!!
>
> Wow!
>
> And when I was a bus drive in London 20 years later, my pay was �29 a
> week,
> admittedly with a bit of overtime. But 20 times as much in 20 years is
> quite a
> rapid drop in the value of money.
>
worked as a shelf filler in a supermarket, getting 7 quid a week. That might
be a closer parallel to John's starting apprentice pay since a London bus
driver was considerably more skilled and qualified!
Lesley Robertson
John P. Bromley
I forgot to add that the 48 hours included a stint of 4 hours on Saturday
morning!
Oof!!
John.
Steve Hayes
<l.a.ro...@tnw.tudelft.nl> wrote:
>
>"Steve Hayes" <haye...@hotmail.com> wrote in message
>news:nbt695t78bpg8k6sl...@4ax.com...
>> And when I was a bus drive in London 20 years later, my pay was �29 a
>> week,
>> admittedly with a bit of overtime. But 20 times as much in 20 years is
>> quite a
>> rapid drop in the value of money.
>>
>You were doing well. When I was waiting for my A level results in 1967, I
>worked as a shelf filler in a supermarket, getting 7 quid a week. That might
>be a closer parallel to John's starting apprentice pay since a London bus
>driver was considerably more skilled and qualified!
Actually the basic was closer to �16 without overtime. It was dust the 29/-
that made me think of the �29 that appeared on my pay slip sometimes.
And Durham miners got �11 a week for working considerably harder in much less
pleasant surroundings -- lying on your side in an 18" coal seam moving pit
props with a mechanical coal cutter screaming in your ears isn't my idea of a
cushy job. On top of which they actually got more money if they went off sick.