Reply to: Just won £1000 on the Premium Bonds

[OwlHoot]

I've bought a couple of 52-weekly draws on the Age UK lottery, on the assumption that the odds of a win comparable to a modest Premium Bond win are orders of magnitude higher than the derisory odds of the latter.

[jamesbrown]

Same here ...... I'm often a £50 winner but rarely more (I hold the max amount so not a great return!)

I just treat it as a bit of fun, but with the expectation of earning a meagre 0.5-1% as a fallback, which is typically the reality too. Any win of £500 or above is fantastically unlikely per £1 bond and multiplying it by 50,000 brings it down to just tremendously unlikely. My £525 this month probably doesn't have odds far off a big-ish lottery win Woot!

[WTFH]

Just checked, only £250 for me ... one day though, I'll win the big one

One day, Rodders.

[Whorty]

£75 in April, which makes it £350 in the last 7 draws.

Just checked, only £250 for me ... one day though, I'll win the big one

[WTFH]

£75 in April, which makes it £350 in the last 7 draws.

[Paddy]

This has just remined me, lost bonds, I need to find or recover them

[Whorty]

£50

Same here ...... I'm often a £50 winner but rarely more (I hold the max amount so not a great return!)

[AtW]

£50

[jamesbrown]

£525

[original PM]

Both kids won 25 quid within a month or two of each other.

But prior to that nothing for years if not ever.

[Old Greg]

The pound in your pocket is unaffected.

Dear Harold. Courtesy of moneyweek::

In 1967, Britain suffered a balance of payments crisis, spending (importing) more than it was earning (exporting). That made it crucial to keep the pound strong. The hitch was that supporting the pound was fast becoming unaffordable. The Bank of England burned through £200m in gold and foreign currency reserves in just one day alone.

And so in November, sterling was devalued by 14.3% against the dollar.

It was a personal defeat for Prime Minister Harold Wilson. But on 19 November, he went on radio and television to reassure consumers that devaluation “does not mean, of course, that the pound here in Britain, in your pocket or purse, or in your bank, has been devalued”. It didn’t take an economist, however, to tell you that that was nonsense.

“That broadcast will long be remembered for that sentence”, crowed Conservative MP and future prime minister Ted Heath in Parliament. “It will be remembered as the most dishonest statement ever made.”

Wilson had fibbed. The ‘pound in your pocket’ is, of course, the same pound that is used to import food and other things from abroad. Prices were going to have to rise.

But while it was hoped that British farming and manufacturing would get a boost, not everything could be made or grown here. “Devaluation means moving resources from consumption to the balance of payments”, wrote The Times. “It means an initial reduction in this country’s living standards.”

So, who was to blame for Britain’s distress? “Candidates abound”, said The Times’ economic editor, Peter Jay. “Was it the fault of the gnomes, the moaning minnies, the ‘selling Britain short brigade’? Or was it the wild-cat strikers, the tightly knit groups of politically motivated wreckers?”

Perhaps the culprits were to be found abroad – the Middle East crisis had undermined confidence in Britain, after all. Or could it be the French?

Whatever the real reason, Wilson faced stiff opposition to his decision to devalue the pound – all in spite of his protestations that it would tackle “the root” causes of Britain’s economic woes.

[AtW]

The pound in your pocket is unaffected.

What about post-Brexit tax increases?

[BrilloPad]

That's bugger all nowadays in USD terms.

The pound in your pocket is unaffected.

[Old Greg]

Kerrrrrrrrrching!

March winner, £1K on it's way.

Anyone here had a really big win on the Bonds?

That's bugger all nowadays in USD terms.

[MrMarkyMark]

He could buy a new coffee machine.

He could give it all away to charidee and we could have a CUK poll to decide the cause


He'll feel better tomorrow, rather than if he spunked it on a couple of "friends" and had a brief sniff of the Phillip Green style high life .