Wednesday, 19 February 2020

A very high price

I've just noticed that the price on the Daily Telegraph is now £2-50.

In the mid 1950's I usd to buy a copy on the way to school. It cost 2d making it the third most expensive daily newspaper. The Guardian cost 3d and the Times cost 4d, while the lesser papers cost 1 1/2 d.

In those days there were 240 pence in the pound, so 2d was 1/120 of a pound, and at £2-50 the price is now 300 times as much as it used to be. Few prices have risen by so great a factor.

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