"Fredxxx" wrote in message
news
On 17/11/2017 17:40, Graeme wrote:
In message , Fredxxx
writes
On 17/11/2017 16:50, Graeme wrote:

A quick Google suggests a loaf of bread was 9p (decimal) in 1970, and
53p now. I was earning roughly 650pa, including London weighting, call
that £13pw or 32.5p per hour. One hour bought almost four loaves.
Today, minimum wage of £7.50ph would buy fourteen loaves.

You're being very disingenuous.

Sorry! It was certainly not intentional. I just Googled the price of a
loaf in 1970 and this popped up, from the Guardian :

'With the benefit of 34 years' hindsight, life in 1970 appears to have
been ludicrously cheap. A loaf of bread cost 9p and the average weekly
wage was around £32. Today, a loaf costs 53p'

I realise 1970 plus 34 is not 2017, but given that others mentioned 50p,
53p seemed close enough.

Perhaps I was OTT too.

A loaf can cost 53p. Most bakeries around me charge £1.50 and most
historical price equivalences don't generally compare bargain basement
prices.

I don't think bargain basement bread existed 30 years ago

The key clue being that bakeries could make a profit selling the basic
staples, whereas now they can't (having to diversity into lunchtime snacks
to still exist at all)

tim