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2 Weeks Ago: 4th November 2009 04:26
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#9
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Overlord in Training
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Join Date: Jul 2005
Location: Lincoln/Bedford
Posts: 2,744
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Re: Minimum Wage
1 British pound = 1.6423 U.S. dollars according to google. So the £5.80 rate works out at $9.52/hr... Sounds a lot?
Tax: none on anything below 6k, but when you're working full time expect 1/3rd of it to disappear on tax and NI. Then you have your road tax, council tax, tv tax...
Petrol here is on average £1.05 a litre, so roughly £3.80 a US gallon or $6.24 for a direct conversion.
Food prices I found were pretty similar, still slightly cheaper in the states although fast food and eating out was considerably cheaper.
Only things I found cheaper in the UK compared to the US were alcohol and we had a lot more selection of processed desserts like cake cheaper.
When you live and work in a country you no longer think of an exchange rate, as you're earning in £ and spending in £ it's direct, not like you're earning in £ and then spending in $.
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