RE: Where are we?21 Jul 2020 14:52
Broadly correct.
Other way around, though.
Old 62p is new 50p.
Old 70p is 56p.
And for the long suffering here, that is waiting for the fast lane.....
The very old £19.00, is now the old £4.00, which is now the new £3.20.
So, current achievable 80p, is old £1.00, and £4.80 in very old money.