Tickets to the British Grand Prix at Silverstone are likely to double in price as a result of the deal the circuit agreed this month to guarantee the race a place on Formula 1’s calendar until 2026, the Daily Telegraph reports.
Silverstone agreed to pay an estimated £12 million annually to host the British GP with the fee set to escalate by five per cent per year rather than the 10 per cent which is the …

British shoppers have to pay 22 per cent more for their Christmas present shopping than American consumers, the Daily Telegraph reports.
Clothes, accessories, toys, and electrical goods all cost considerably more in Britain than in America, adding hundreds of pounds to the cost of Christmas shopping for consumers in this country.
In research for the Daily Telegraph, undertaken by the price comparison website Kelkoo, a basket of ten popular items costs £3,066 in Britain and £2,394 in …

The average price of a pint of beer has now topped more than £3 for the first time in large areas of the south of England, the Daily Mail reports.
Typically, drinkers in the Surrey commuter belt have to pay £3.01, which is substantially more than the average £2.90 price tag in London’s pubs.
The average price of a pint in Berkshire, Buckinghamshire and Sussex comes in at £2.85. Hertfordshire, the Isle of Wight, Kent, Scotland and Suffolk …

The price of a pint of beer can vary massively depending on the pub and whether you are drinking in the North or the South, the Daily Mail reports.
A study of beer charges in thousands of pubs across the UK by the GMB union has found that some drinkers have to shell out 80p more for their favourite tipple.
The average price for lager in the North East was £2.26, the lowest in Britain, while in …

Investment bank UBS’s “Prices and Earnings” study has dubbed Oslo, Zurich, Copenhagen, Geneva, Tokyo and New York as the world’s most expensive cities based on a standardized basket of 122 goods and services.
When rent prices are factored into the equation, New York, Oslo, Geneva and Tokyo emerge as especially pricey places to live, UBS say.
The basket costs the least in Kuala Lumpur, Manila, Delhi and Mumbai.
The survey of 73 international cities found that employees in …

Sky-high petrol prices are set to hit £1.20 a litre by the end of the year, the Daily Mail reports.
Pump prices on forecourts across the country have increased by around 20p a litre since the start of 2009, adding £11 to the cost of filling up an average tank.
But if prices continue to rise at their present rate then the average cost is likely to be around 105.5p by the end of August with another …

Some of the cheapest olive oil available, from discount supermarket chains Aldi and Lidl, have beaten well known brands in a blind tasting conducted by expert tasters, the Daily Telegraph reports.
In a study of 12 standard extra virgin olive oils available in supermarkets conducted by Which?, the consumer watchdog, oils from Marks & Spencer, Carapelli, Bertolli, Sainsbury’s and Felippo Berio were all trumped by Aldi and Lidl’s versions.
Both cost just £2.49 for a 750ml bottle, …

The United Kingdom is slightly cheaper than an average European Union country, according to European statistics agency Eurostat.
Eurostat compares the price levels in all 27 European Union countries and the United Kingdom scored at 99% – meaning it’s one per cent cheaper than the overall average of the 27 nations.
The most expensive country in the EU is Denmark with 141% of the average, followed by Ireland (127%) and Finland (125). Finland used to be the …

London is no longer in the top 50 of the most expensive cities to live in for foreigners, according to the latest Cost of Living Survey by human resources consultancy ECA International.
ECA says that continued weakness of pound sterling over the year has seen costs for assignees coming to the UK fall. “Central London has dropped significantly in the ranking as many Western European and US locations become more costly than the UK,” according to …

Transport is outrageously expensive in Britain, indeed; now a transport watchdog says it’s twice as expensive as in many other countries in Europe:
According to the research, the average cost of annual season tickets for journeys of 11 to 25 miles is £1,860 in Britain but £990 in France, £944 in Germany and £788 in Spain. Italy has the cheapest season tickets, at £444.
Britain has the most expensive day-return fares, with the average unrestricted fare for …