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Thisoldbird | 10:51 Thu 01st Oct 2020 | Business & Finance
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Hi can anyone work out how much seven shillings and sixpence ( 7/6) in 1957, would be worth today., please.

I've been writing about my life for the Grandchildren..7/6 each was the cost of a salad meal we had in Kensington. As teenagers future husband and myself found it was all we could afford on the menu. Kensington back then was rather an expensive area.
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37.5p if you mean the decimal equivalent.
£1 in 1957 would be worth £16.86 today.
The interweb tells me that £1 in '57 is worth £24.27 today.
Using my figure that is £8.4945 - so £8.50p.
// 37.5p if you mean the decimal equivalent.//

cue memory old days sketch of Monty Python
" we cd gie darn to the old Tool and Tank and STILL get change from ....."

7/6 was a three eightths of a pound and so divide 16.86 by three ish and it is around £5.90 now

useful rule is £1 in 1914 bought £10 in 1971 decimalisation and 100 around 5 or 10 y ago and £120 now

£1 in 1914 was roughly £1 1815 - remarkable stability and actually bought MORE in the 1890s
So that's 3 different 'equivalent' sums, then? I used the UK Inflation Calculator from 'Moneysorter', TTT used the Bank of England inflation calculator. You say tomarto, i say tomayto:-(
ah, a meal out for two and change from a ten bob note, memories :-)

Interesting question. I would guess property has seen much greater inflation but consumer goods, food, etc. are cheaper. And technology, well it didn't exist. Computers occupied large rooms. Electronic communication was "press button A" or "twiddle the dial" on your short-wave set.
oh cue the mars bar economy

instead of tracking money which changes er number
why not have an unchanging commodity and measure it thro that ( a ruler that never stretches)

like a mars bar

like this
https://www.ft.com/content/34859346-b023-11e7-8076-0a4bdda92ca2
Combine this:

> 37.5p if you mean the decimal equivalent.

With this:

> Use this:
> https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
> £1.00 in 57 = £24.29 in todays money.

So the sum is 0.375x£24.29 = £9.11, which is this:

> About £9
> https://www.in2013dollars.com/uk/inflation/1957
// So that's 3 different 'equivalent' sums,//

er as many equivalent sums as there are posters
clearly an inexact science

cue - sarf efrica and the small Dutch Republieks 1899- Lydberg -pop 42 or some such. If you put 5 Boere together, you will get seven opinions and three political parties
in the interests of accuracy and iddling about
it is not a sum but a product innit?
kensington still is! was that 7/6 each or was that salad for two? equally what was in the salad and what time of year was it? Salad then, even boring lettuce and tomatoes was VERY seasonal as was most fresh produce. As PP said it was a product not a sum.....maybe a better comparison for this purpose is what fraction this was of your weekly wage? Also what kind of restaurant?
Eating out was a treat in 1958 so price comparisons are hard. Wolfgang's idea is the closest you will get - how much were you or your partner earning (if anything) and what percentage of this sum was the price of the meal. I think the average wage in 1958 for a working man was around £10
as PP says, it's not the sum, it's the product. What you'd need to know is what a salad meal (for one or two?) cost now. It's hard to say right now with lockdowns around, but I had a nice salad for one from Wholefoods Market (takeaway) for about £6 last winter.
hullo miss!
the agricultural labourers went on strike in 1959 and their demands were £7 a week
knowing that they worked 7 days a week - some city kids thought 9-5 Mon to Fri - that wd be a pound a day-
I am still a country boy at heart ....
Hey my first wage as a lab rat at Porton was £32 a month
( monf sozza to you southerners)
and my lodgings were £7 a week
which made - - - a aaarh a five week month ( er monf) - disaster
eeee when I were a lad you could go out on Saturday night have 16 pints of ale, fish and chips, boos fare orm and still get change out of tut apney!

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