THE
REAL PRICE OF BEER IS CHEAPER TODAY (IN REAL TERMS) THAN EVER
BEFORE.
DO
YOU BELIEVE WHAT THE POLITICIANS TELL YOU?
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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)
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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 !)
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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.
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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! |