Debt Problem

[tangojoe]

I needed �200 in 1979 , a friend gave this to me. How much would that be worth in today's money. I don't have to, but I would like to repay him. Approximation would suffice

[barry1010]

�707.47
http://www.moneysorter.co.uk/calculator_inflat ion.html

[barry1010]

Or
In 2007, �200.00 from 1979 is worth

�729.10 using the retail price index.
�1,158.14 using average earnings.

http://www.measuringworth.com/ppoweruk/result. php?use[]=CPI&use[]=NOMINALEARN&year_late=1979 &typeamount=200&amount=200&year_source=1979&ye ar_result=2007

[ELVIS68]

Business been slow has it?

[Buenchico]

Using official inflation rates, �200 in 1979 is equivalent to �790 today.

Source:
http://www.thisismoney.co.uk/historic-inflatio n-calculator

Chris

[tangojoe]

Thanks for the help guys, and no Elvis, the business was not so slow. Unlike you I couldn't sing or fake my death!!

[Whickerman]

Can I just say that if you are doing this that it's very admirable.

[tangojoe]

Actually he did this for me before I emigrated. We lost touch and have recently met up again since my return. I feel sure he could use the money.

[factor-fiction]

Yes, it's good to see someone taking responsibility and not seeking a way to wriggle out of paying known debts .