Cost of living in the 1970s | Price of shopping | 1970s Food | Food Prices | Money Go Round | 1977
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- Опубликовано: 1 сен 2023
- Has the cost of your weekly shop gone up? Joan Shenton and Tony Bastable takes a look!
First shown: 28/01/1977
To license a clip please e mail: archive@fremantle.com
Quote: VT1184
And food inflation is back with a vengeance. Difference is I am not a kid any more so it's much less fun
You found food inflation "fun" as a kid? ... How very odd! ... I'll wager your parents DIDN'T share your sense of fun?
@@Julie-tc2ks😂
@@marcse7en😂😂
Bet your fun at parties
@@Readybear77 I am. I wander around saying 'you're' not 'your'.
These were very expensive in the day. Remember shopping with my Mum in the 70's and she was always talking about food prices going up. Remember, there wasn't a lot of alternatives to the big brands too back then. Wasn't really till the early 90's when food prices were literally "cheap as chips" No Frills and Tesco Value cam along and you could get bags full of shopping for a tenner!
Speaking as a Yank from the U.S. who was 19 years old in 1977, this answers a question I've had ever since I started watching vintage Mary Berry and Judith Chalmers on Afternoon Plus and what little there is of Fanny Cradock cooking away for Christmas in the 70s - they focus a great deal on economy. Berry continually talks about buying "whatever's cheapest" and almost harps on saving money and economizing. Now I understand why. Thanks for posting this.
There were very similar problems in the USA. The oil shock of the early 70s sent inflation absolutely soaring across the whole western world. President Carter made his famous 'malaise' speech in 1979, in part about how the huge inflation had destabilised society in the USA. He called for people to take much more care with how much fuel they were using, and had solar panels installed in the White House.
Britain was in a desperate state in the 70s but as a kid I kinda enjoyed the power cuts and almost "rationing" life was very basic and we just played out in the woods with no chance of becoming obese, not enough food for that!!
It's all about "climate change" 😂😂😂😂😂😂😂😂😂😋😂😋😂😂
@@johnd8538 I think you're commenting on the wrong video. 😂😂😂😂😂😂😂😂😂😋😂😋😂😂
£1 in 1977 is equivalent to £7.95 ($10.01) today. 20.5p for the dog food would be £1.63 ($2.05) today, and 71p for the Nescafé coffee would be £5.64 ($7.10) today. A monthly shop of £27.81 would be £221.09 ($278.29) today.
According to the bank of England inflation calculator £1 in 1977 is equally to £5.57 today
@@MrDirklesYeah this is what I got too. A loaf of bread, 18p in 1977 would be 5.57 x 0.18=1.002 - let’s say a quid for a loaf in 2023. The coffee would work out as about £3.95. Morrisons are selling 100g of Nescafé Original for £2.99, so 71p in 1977 was really steep. The same amount of Nescafé Gold Blend is only £3.49. I object to Nestlé, and can’t afford Douwe Egberts my fave, but Sainsbury’s Gold for 200g eg double quantity of Nescafé is only £2.49! I often read comments about inflation adjustment and wonder if there is some other system for calculating it, because figures seem to vary wildly sometimes. For the record, £5.57 was obtained from the Bank of England website.
@@MarkPMus they have constantly altered inflation by adding and removing items. For example, house prices. Removed from inflation in 2004 for Gordon brown. Furthermore we need to take into account the quality of a loaf of bread. The processed shit we have nowadays is inedible whatever the price imo
@@MrDirkles You seriously trying to say bread wasn't processed in the 70s??? Food standards were appalling back then
@@th8257 you could buy processed bread of course but you can't compare chocolate in the 70's to the vegetable fat laden muck they sell today and this is what makes it difficult to compare foodstuffs
Amazing & interesting to see this memories now .....beautiful....🌸🍀🎥
Money Go Round was a brilliant programme
In Leeds, UK, in 1970, a mini-mansion was for sale at an asking price of £18,000. That house is conservatively worth 3.5 million now. My parents paid £4000 for their house in 1956. It would be worth a minimum of £500,000 now. (They sold it for £7000 in 1969).
I bought a dump of a terrace house in 1970 for £1000. It's now worth £120,000. My point being that houses have gone up from an absolute minimum of 70 times to about 120 times the price they they were in the late 60s. Cars? A Ford Cortina was £650 in the late 60s. An equivalent Ford would be £30,000 now (45 times the 60's price). A large white bread was 8d - ie about 1/50th a pound. They're now about £2 (100 times more expensive). A Mars bar (bigger than today) was 6d, cutrent cost about 90p (35 times). A made to measure suit at Burton's was £12. (I had one made, as a 15 year old, I was 6ft, so it was an adult cost). Price now is £250 BUT this is now for a Asian made suit ie 20x the 60s cost. My point is that if you compare a whole lot of things, we need for daily life , you'd have to multiply 1960s prices by an absolute minimum of 30x for 2023 equivalent prices. If you use these " online inflation calculators" they'll tell you the increase is about 12x. This is utterly absurd and the incongruity suggests the creators of these inflation calculators have been "got at." Money has been eroded by dishonest governments with "quantitative easing" - ie printing money. If you or I did this counterfeiting, we'd be locked up forever. Politicians in England get knighthoods and promotions. Politicians in America get laurel leaf crowns (by the New York Times and Washington Post) for their brilliance and foresight. If you "invest" $1 in a bank in the USA, those bastards can lend up to $100 of your $1 and, get back $4 per year for the dollar that you gave them. However, if you miss a couple of payment on a bank loan, you might find the bank less than sympathetic. They'll come round with the tow truck and repossess your car before you can say Jack Robinson. Governments aren't just dishonest and dishonourable, they are actually evil.
Ah, good old fashioned RP, even on ITV
What was Roy Hattersley doing about it? Dribbling, probably! 😂😂😂
Into his tub of lard
& These days the prices are daylight robbery. Good video, nice going back in time every now& then :-)
Bloody hell, take a look at the prices nowadays.. No jolly old shopping basket, hes quite depressed actually. 😂😂
You do understand that £1 had a higher value than £1 now? That's what inflation does. Multiply the prices here by 8.63 to get the equivalent in today's prices. A lot of stuff substantially cheaper in real terms these days,
Not looking back with rose tinted glasses…But white goods were very expensive in the 70s, but rents, utilities and the water rates were in with your council rent. Also bus fares were peanuts and beer and fags were as cheap as the local chippy. My weekly rent in 1976 was £2.50 a week and being a miner I got nine loads of coal a year for free or a gas allowance, I never worried because my wages were enough to pay for me and my family. The change arrived in 1979 and the standard of living for the workers plummeted with the advent of Thatcherism, which meant your wife needed a job and so did your kids and there’s been no change in political direction since. I’m now a pensioner and I will never vote again, because as a pensioner my future is limited, therefore it is up to the youngsters to demand a change to the neoliberal dystopia that is modern Britain.
It could be a lot worse .
@@kevphillips02 correct, for we could be looking at the lid.
Agreed and Best Comment Made💯!
You must have lived in Horden to have paid such low rents!
I'm supprised the coffee jar design didn't change at all😊
Holy moly was that for real?😲
Surprisingly I can remember, but wasn't broke like I am now.
Ahh, back in the '70s when you pronounced Nestlé like having a little snuggle :)
Wow - Nestles!
Nestlé actually!
I wish the increases were the same today
Just what is Roy Hattersley doing about it? [clip ends] :)
Why did you guys change the Rainbow channel to Flashback Kids, then not update it? Thames should either reupload the episodes or start a subscription streaming service with all of its back catalogue rainbow, this week, etc . I’d pay for it and I’m sure others would too.
This is mental 😂 50p damn wish we'd be that lucky that's a good £60 worth of food now days 😂😂😂😂
Remember the average weekly wage in 1975 was under £50/week compared to £742/week today. In real terms that shopping basket cost £401. 50p was the same as £7.52 today.
Unusual pronunciation of Nestle
It was always pronounced like that back in the day. It was only around late 80s that it became Nest-lay . Even the adverts for Milky Bar pronounced it as the clip pronounced.
Yeah, we're British, we are going to ignore those stupid accented letters from the German/Swiss company.
1:50 imagine how mouldy those chops would be by now?
I used to think pedigree chum was the best dog food there is.
44 years on, and same story....
Your calculator needs a new battery! ... 1977 was 46 years ago!
You've added the first Thames colour ident by mistake
This is Thames official RUclips channel, I think they know what they are doing with their own archive
In increase of an amazing 50 and a half pence!
Shocking. 😆
Stuff is made in bulk mainly so there is really no excuse is criminal thanks Thatcher. 😂
We were free to be, back then
I wonder if it was only instant coffee that went up in price then? What about real coffee, did that go up too? I don't think many Brits in 1977 drank real coffee, just the instant muck
18 pence a load daylight robbery 😂😂😂 no but what I do find very interesting is how fluid the rices were atm the cost of living has prices going up but none seem to be going down at least some did back then… although it is possible some prices are dropping now and no one’s reporting on it media is made up of alot more hit pieces nowadays
Nothing really changes then 😂
the average jar of coffee will now cost you £9.00
No way. Really
@@50_Pence No. A 300g jar of Nescafe is £7 or less at Tesco.
still a fortune
@@munehaus
3:45 : & that costs £5:00 now!! These were the days! I don't know what they are complaining about.
1/2p isn’t a halfpenny.
We all did then bud
A ha'penny is literally half a penny. Have you been watching too much Family Guy?
ruclips.net/video/piu3QsWkob8/видео.html
@@munehaus they converted to decimal currency a few years before so a ha’penny was’t 1/2p or new p as they called it then. I remember threepence was 1 1/2 new P?. I like family guy but don’t think I have seen that one. There was a lot of feeling among older people especially that the new money contributed to inflation as it made things seem cheaper when they weren’t. 5p was a shilling and 10 was two bob. A shilling was real money 5p nothing. They had cards that when you looked at them one way it showed old money then you moved it a bit and it showed the equivalent in new p. They have solved all that now a pound is worth what sixpence was then.
@@paulnicholson1906 Ah sorry I see what you mean now. Yes I remember the shilling/5p coin changeover, though of course things like the sixpence had gone by the time of this video. But "ha'penny" as a term means half a penny, both in old d and new p form, so it does seem the correct term?
@@munehaus I never heard anybody call the 1/2p a ha’penny have you? Except this guy. Anyway that has gone now anyway 😀. I just remember everybody calling it new pence or p which was weird and awkward. I forget when things changed to be honest. I do remember doing money problems in school in £ s d though and using it in the shops.
😂
Awesome. Art Bezrukavenko super rich yes he socialist Thomas on Welfare state and jobs better employment rights for workers in England London Britain.
The world economy wasn't in good shape in the mid to late 70's. An energy crisis, followed by economic downturn added to abysmal industrial relations and strikes (sound familiar?) really affected the UK. But what really affected food prices specifically was the (Then) EEEC common agricultural policy. Once the UK joined the EEC it was bound by the common agricultural policy. This policy forced the UK to abandon the long established policy of having next to zero tariffs on imported food. The common agricultural policy was a protectionist policy designed to protect European farmers from outside competition. If you see the famous speech by Peter Shore in the debate prior to the 1975 referendum, he quite eloquently explained the risk to UK interests. However the press and UK establishment made sure that this information was not widely known by the voting public. They were lied to quite shamelessly. Even told that EEC membership would see food prices come DOWN. But the facts and the figures soon exposed the fraud, though sadly too late for British public. It was never in the UK interest to adopt the common agricultural policy that was designed to protect agricultural industries in places like Germany, France and Italy where a large percentage of the workforce was employed in agriculture. To try and 'soften the blow' (and also hide the fact they'd lied) the prices were increased incrementally over a period (and punitive tariffs added to imported foods), which is why food prices rose by over 100% between 1973 (when we joined the EEC) and 1976 (the year after the referendum on remaining in the EEC).
Umm, you know everything you just wrote is bollocks, right? 🙂 The whole point of joining the EEC was to abolish tariffs, not create them. It's why in real terms that shopping basket would have cost over £400 today, compared to a real price of around £100 and that's before we even take into account the much increased food standards and quality we have today. UK farmers were subsidised for years by the EEC/EU. something that ironically only ended when we left, meaning we're now even more dependent on imports than before!
@@munehaus Oh dear, I see I've upset another ideologically possessed NPC. If you think that joining the EEC/EU was to ABOLISH tariffs you really are either incredibly dense or ill informed. I'd urge you to actually do some research (and that doesn't mean asking your gender studies professor). Read up on the common agricultural policy. I'd also point you to several other sources which I'd recommend you look over before you start accusing others of talking' bollocks' (just because you don't like what you hear). Firstly from the same source as the video your are commenting on: ruclips.net/video/AR65IzjgfQU/видео.html
Secondly the speech by Peter Shore MP (who was in the govt at the time of the referendum in '75 and who knew both the terms and EFFECTS of EEC membership: ruclips.net/video/wd7NzQgHLn8/видео.html
And lastly for more detailed analysis of the UK's history in the EEC/EU and contrast with other non-EU countries trade, I'd point you to the report by the Harvard professor Michael Burrage (spoiler alert, it wasn't a glowing report) : www.civitas.org.uk/email-resources/myth-and-paradox.pdf
Check out all that and THEN come back and tell me who is 'Talking bollocks'.... As for being 'more dependent on imports than ever' again read up on HISTORY. You do realise that we have been importing a large percentage of our food for several hundred years. That's why the Corn Laws were REPEALED. THAT abolished tariffs on imported foods (from Brazil, NZ etc). The EEC/EU IMPLEMENTED tariffs on non EEC/EU foodstuffs to protect European farmers. If you're going to accuse people of 'talking bollocks' it's a good idea to actually know what you're talking about, otherwise you just look silly....especially with your '£400' weekly shopping basket. If you're going to make things up, at least try and make it plausible 🤣 Better still, have some evidence to back it up....
@@munehaus Erm, you know everything you've written is bollox right? Caeserromero is essentially right. Yes some things are cheaper following joining the EEC, but most things became much more expensive. He is right - there is another Thames TV programme from around 1976 featuring both of the presenters in this clip, where they clearly substantiate Caeser's statement above - that our increase in prices was largely down to joining the EEC, and the protectionist tariffs placed on food outside of the EEC/EU, hence looking after European farmers. This hasn't changed.
@@TrueBrit1 I guess that explains why New Zealand butter was so cheap during the 80s then. Try not to act like an anchor. 🙂🙂🙂🙂🙂
ruclips.net/video/XKYDl0XdiVU/видео.html
I was just a child, we were so much happier then 🥰
I can get half kg of beans for 3.50 and my bacon is the same as that now. North Philippines. Britain your being lied to by the Tories and ripped off by big business - their donners