#money
6 words tagged
The Minimum Wage
Britain has a statutory minimum hourly wage, enforced by law, that almost every worker is entitled to. It was introduced…
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VAT
VAT is Britain's sales tax, charged at a standard rate of 20%. The single most useful thing for American visitors…
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Cost of Living
"The cost of living crisis" entered everyday British speech in 2021 and has not left. Understanding what is expensive in…
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The British Economy
The UK has one of the largest economies in the world, usually placed around sixth by output. Its shape is…
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Old Money
Until 1971 British money did not work in tens. It ran on a system inherited from the Romans via Charlemagne,…
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Currency of Britain
Britain uses the pound sterling, symbol £, code GBP. It is the oldest currency in continuous use anywhere in the…
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