Shillings And Pence...

[Jansy]

Please can anyone tell me how much 17 shillings and sixpence in 1956 is worth in today's money. Thank you.

[douglas9401]

87.5p

[mallyh]

36 .5?

[mallyh]

new pence ^^^

[fiction-factory]

Depends how you want to measure it. Roughly 24 times as much

[Prudie]

According to an inflation calculator about £2.64

[Jansy]

Thanks Douglas9401, how much is it allowing for inflation?

[fiction-factory]

So around £21.
Source here: http://www.in2013dollars.com/1956-GBP-in-2018
Other measures are available

[Prudie]

Sorry, reading FF's answer I saw I put 1985 in for some reason. 1956 gives £21.68

[jno]

Prudie, the Bank of England calculator says £1 in 1956 is about £25 now; you might need to shift the decimal point

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

[aelmpvw]

shouldn't that be £26.40 Prudie?

[aelmpvw]

crossed posts

[wiltsman]

Just to confuse you, I went to https://www.measuringworth.com and found the following.

If you want to compare the value of a £0 17s 6d Commodity in 1956 there are four choices. In 2018 the relative:
real price of that commodity is £21.45
labour value of that commodity is £49.51
income value of that commodity is £67.67
economic share of that commodity is £87.87


If you want to compare the value of a £0 17s 6d Income or Wealth , in 1956 there are four choices. In 2018 the relative:
real wage or real wealth value of that income or wealth is £21.45
labour earnings of that income or wealth is £49.51
relative income value of that income or wealth is £67.67
relative output value of that income or wealth is £87.87

If you want to compare the value of a £0 17s 6d Project in 1956 there are three choices. In 2018 the relative:
real cost of that project is £19.77
labour cost of that project is £49.51
economic cost of that project is £87.87

If that helps - good luck to you!

[Jansy]

Wow! Thanks, all.
The reason why I'm asking is that I've just come across my great grandmother's rental agreement with the council for the above amount.

[wiltsman]

When on the site I mentioned look down the left hand column to where it states: Purchasing Power - UK £

[jno]

the cost of property has skyrocketed far more than other things, so rent of 17/6 would probably translate to a lot more than £20-odd now.

[andres]

The exact same amount that we had when we came back from honeymoon in 1956. We managed a week on that until the next payday. Those were the days.

[EDDIE51]

Beside the point ,but I used to get 6 pemce a week pocket money around 1956 ! That was enough to get a week's supply of sweets ! '

[Peter Pedant]

2/6 is 12.5 p
and so 17/6 is 2/6 shy of £1 and is 87.5p

and yes at skool we used to have classes where we chanted this sort of stuff
12 d one shilling - 20 shilling one pound etc

[Peter Pedant]

easy one for gold

1815 - 1914 - not much change ! ( 1899 90p 18/- bought what a pound did in 1890)
1914 a pound
bought what ten pounds did in 1971 ( deimalisation)
and 100 ounds 2000 and around 130 pounds now

so that is a cheapo rent compared to now
1970-1973 land prices tripled in 18m
and that was because those naughty arabs tripled the price of petrol 1970 and the reaction of the world was just to triple everything ( price tripled but not value)
it took 18 m to work thro
and if you realised how things were going - would go
you made an absolute killing
not many did

[Khandro]

A packet of crisps cost 3 pence which is now ............. well, about FREE!