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"The cost to British taxpayers was estimated at roughly £3.3 billion." That's an average of over £100,000 per tax payer. Again, to clarify, tax payers are not
by philipkglass 7y ago
"The cost to British taxpayers was estimated at roughly £3.3 billion."
That's an average of over £100,000 per tax payer. Again, to clarify, tax payers are not some "egos at the Bank of England", but ordinary people like me and you.
There were only 33,000 tax payers in the UK in 1992?
I don't know how many tax payers there were, but dividing by the population at the time comes out to £58 per person.
- m-i-l 7y agoGood spot. I must have been either using the British definition of billion (million million) rather than the US definition (thousand million), or failed to spot that the 25,700 taxpayers in the referenced document actually represented 25,700,000. Anyway figure corrected. Thanks.
- scaphandre 7y agoBillion has meant 10^9 in both the US and the UK in most common usage since the 1970s. https://en.wikipedia.org/wiki/Long_and_short_scales#cite_note-48 https://en.wikipedia.org/wiki/Long_and_short_scales#cite_not... There is no modern British definition that is different from the US definition.
- tomatocracy 7y agoOne consequence of the historic distinction I quite like is that traders in the UK (and possibly elsewhere, I don't know) still call 10^9 a "yard" (short for "milliards").