What could you buy for a pound in 1960?

The new one pound note introduced in 1960
The new one pound note introduced in 1960

In 1960 the UK got a new one pound note. It was smaller than the old one. It was the first bank note to have a picture of the Queen on it. But what could you buy with it?

One pound in 1960 was quite a bit of money. The average manual worker made £14 in a week. 30 shillings (£1.50) would feed the average person for a week.

In today's money one pound in 1960 is about £17.

Even so in 1960 you couldn't buy much for it. Most electrical and electronic goods were more expensive. The cheapest transistor radios cost £10. A basic brownie camera also cost more than £1. The cheapest pair of jeans for an adult was 21 shillings (£1.05).

So, what could you get for a pound or less? A pound would get you the kind of things you could buy in the cheaper department stores like Woolworths. You could get cheap clothes, cheap suitcases and camping equipment from Halfords and Woolworths. A pound would also buy half a bottle of whisky, some cheap electrical goods or an expensive ballpoint pen.

These are some things you could get for £1 or just under in 1960.

Pifco Flashing Lantern
The Pifco Flashing Lantern cost 18s 11d from Halfords in 1960

By Steven Braggs, February 2022

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Liam

Hi, I was just wondering if anybody knows how much a single hotel room cost in 1961 in the UK city centres and what kind of beers a man might drink. I've seen pictures from 1960 and 1961 showing adverts for Skol lager. I always thought lager came along later. One other thing. Did vegetarians exist in 1961? Thanks

Retrowow - vintage, retro and social history

Mid Century facts & figures ★UK ★ USA ★

Retrowow - vintage, retro and social history

Mid Century facts & figures ★UK ★ USA ★