You never had it so good. (well 1990 was good anyway)
Saw a piece on TV the other morning and now found the clip on the web.
Basically the preface is that motoring costs have not changed for 40 years.
1970 - Petrol 16p/l (85p in todays money)
£5387 total motoring costs in todays money
1980 - 44p (84p) £5,128
1990 - 60p (73p) £5,024
2004 - 83p (83p) £5,335
news.bbc.co.uk/media/video/40232000/rm/_40232207_m...m
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RF - Just have to hope that Gordon & Tony aren't reading this...
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Beat me to it NB - someone please delete this thread immediately!!
Could RF really be a New Labour 'mole' from the Treasury?
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Remember Harold MacMillan........
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The flip side of the story on that clip is that in the same period the cost of rail travel has doubled in real terms
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rf:
the missing part of your story is this
- how much did the average wage-earner need to earn to take home £5000/£5400 net after allowing for council-tax, ni, and income-tax for each of those years?
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how much did the average wage-earner need to earn to take home £5000/£5400 net after allowing for council-tax, ni, and income-tax for each of those years?
also, how much did they earn. Average real wages have gone up a lot in that time
Of couse the growth isn't uniform -- the gap between the highest paid and lowest-paid has grown a lot, though that's getting outside backroom territory.
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The £5300 approx is an interesting figure, that can't possibly apply to a large part of the population, certainly not to me. My total costs for the year for my old Xantia are nothing near as much as that figure. Taking into account the depreciation over the life of the car and allowing for the fact that the car is worth next to nothing now, the rest of my costs would have to come to something like £4000, and they are nowhere near that much. Insurance is only £180, servicing and repairs are below £300, so that leaves an awful lot to fill the gap.
Am I to assume this is the cost per car, or cost per family? What kind of car is it based on and does it allow for more than one car?
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