Peter’s Blog

BBC NEWS | UK | ‘Bring on the property crash’

I understand that it’s hard to buy a house in the UK when you’re young and making a basic salary. But what’s unsaid in this article is that you have people earning £20k a year (like one IT worker profiled) and people thinking it’s a good salary. It’s long been my conviction that British purchasing power is shit: numerical costs are only slightly lower, thanks to the strong pound, but wages are much lower. I would MUCH rather earn $40k in the US than £20k in the UK.