Tag: Inflation

Is it harder to buy a house these days?

Increasing house prices is one of the most frequently discussed – and worried about – topics.

One of the most fascinating items on display at the British Museum is a 13th century mortgage, carved into a stone brick.

Dated Sunday 11 June 1217, and written in Sanskrit mixed with the local dialect in Nagari script, the enormous brick records a mortgage against a loan. (I suspect that if you took out enough mortgages, you could build a house out of the mortgage bricks!)

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Why does a shilling bun cost more than a shilling?

Walking past a bakery in Bergen, Norway today, I was consumed by the sweet aroma of hot cinnamon.

In to Baker Brun we went, to buy a Skillingsbolle, described as ‘the all-time favourite Bergen treat’ with a name originating from its original price of one shilling. In fact, the word ‘shilling’ itself derives from the Old Norse scilling meaning ‘division’, and was a division of the old Norwegian Rigsdaler.

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