Reality TV prize pots are now worth much less than they used to be, thanks to the rising price of goods
The Bank of England uses the Consumer Price Index – the price of an average basket of consumer goods – to work out how much a given amount now would be worth in the past.
But while the way it has been distributed has changed, the prize amount has stayed the same, which arguably isn’t fair, because £50,000 in 2015 would be more like £96,951, when using the Retail Price Index to work out the rate of change in prices over time. This was the game show that tapped into the mythos of millionaires, who have long been synonymous with impossibly glamorous jet set lifestyles.
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