THE
REAL PRICE OF BEER IS CHEAPER TODAY ( IN REAL TERMS ) THAN EVER
BEFORE.
DO
YOU BELIEVE WHAT THE POLITICIANS TELL YOU?
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . .
PUBLIC
HOUSE PRICES
In
1966 a pint of Bitter cost £0/1/10d
( £0.0916 today )
In
1966 the average wage is recorded as £20 per week
( Doctors and footballers on £100 pw and farm labourers on £13 pw )
Based
upon a 40 hour week that equated to £0.50 per hour
That
£0.50 would purchase 5.5
pints. ( 5.46 )
( One FT source gives the average wage as
£25.65 per week, that works out at 7 pints ..... seems this is
London wages )
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . .
By 1971 the average National UK wage ( for men ) was £28 per week.
Based on a 40 hour week and post decimalisation Bitter at 12.5p / pint
One hour's work would buy 5.6 pints.
( That same FT source gives the average wage as
£38.00 per week, that works out at over 7.5 pints ! )
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .
In June 2009 the Office for National Statistics gave the average
weekly wage as £489
Based
upon a 40 hour week that is £12.23 an hour.
A 3.8% BITTER then cost on average, £2.80 a pint.
So the average hourly gross pay would buy 4.4 pints.
Even assuming a 35 hour week it only works out to be
5 pints ( 4.99 ), still less than in 1966.
.........................................................................................
DECEMBER 2012.
Average weekly earnings given as £546.8, based upon a 38 hour week.
That is £14.39 per hour.
My favourite 3.8% BITTER then £3.10 a pint ( Avoiding more expensive
outlets )
So 4.6 pints was the current allowance.....
Tax increases on beer in the new year threatened to drastically reduce
that!
Needless to say my pension is nowhere near the `average wage'.
APRIL 2013
The Office for National Statistics gives current average weekly
earnings as £442.
Unfortunately my tipple is now £3.20 a pint.
My pension remains stagnant...
So the allowance is down to 3.63 pints.
JULY 2016
Average wage said to be £502 per week.
Beer at £3.40 a pint
At a 38 hour week = 3.87 pints per hour
- The economy is booming! |