Cheers! I’m writing you today from England. The last time I came here, I published a short post about how different the prices were between the UK and United States. I thought it might be fun to share those observations again. Note: This post was originally published 12/02/2011.
Think things cost a lot where you live? Here’s a little perspective from our friends across the Atlantic.
While on a business trip through England, there were a few things I couldn’t help but notice about their financial situation. Although most of what I found was narrowly limited to my travel agenda, I thought I’d share my list of observations:
The currency in the UK is the “British Pound” which is abbreviated with a “£” or “GBP”. The exchange rate at the time of my trip was approximately £1 = $1.55.
• What do you pay for sales tax? Wanna try a 20% sales tax!? I should also mention that they do pay less on other forms of tax. One nice feature is that the price on items in their stores is the number WITH tax included; not the other way around like it is here in the US..
• Gas is wildly expensive! The price of a Liter of gas = £1.30 or $2.01. By the American equivalent of a US gallon (3.79 L), this would be = £4.92 or $7.62!
• And, therefore, a taxi ride is outrageously expensive! For an approximately 30 minute drive = £60 or $93. And don’t forget the tip!
• Gourmet coffee = £3 or $4.65. Not a terrible price compared to the fancy coffee shops here in the US. Plus, it was really good!
• A pint of beer = £3 or $4.65. Note that a UK pint = 19.2 oz US. Again, not too bad when compared to what you’d pay for a draft beer here in the US.
• Hotel stay per night = £133 or $206. However, this price also included all my meals plus access to a full-service fitness spa/pool. So I’d say it was a deal.
• Food menu at the hotel, low to high = £10 or $15.49 to £16 or $24.79. I take this one with a grain of salt because hotels always charge more for their food because they have a captive audience. Regardless, the prices are somewhat comparable to other hotel restaurants.
• Upset over your changes to your retirement plan? On Wednesday, Nov 30 2011, all of the government workers decided to hold an organized strike over unfavorable changes to their pension plans. There were many images of rioting and police retaliation on my TV set. And as luck would have it, this event took place during the week that I planned to make an International trip. Fortunately my flights did not occur on that date.
• Getting re-adjusted to our time zone (5 hour difference). Priceless!
Readers – What changes in prices have you noticed while traveling? Any bargains? Anything to watch out for? On the pension riots, what have you noticed about other economies and their decisions towards taking care of their citizens?
Photo Credit: Microsoft Clip Art