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How much would a tenner have been worth in Jane Austen’s time?

Jane Austin will be pictured on the new £10 note.

Ten pounds in Jane Austen’s time would have been worth the equivalent of £786 in today’s money, research has found.

If the Bank of England had wanted the new £10 banknote to have the same purchasing power that £10 enjoyed 200 years ago, it would need to be revalued as the £786 banknote, according to analysis by Aviva.

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(Chris Ratcliffe/PA)

But the eroding impact of inflation over time means a tenner has a relative purchasing power of only 13p, compared with what it could have bought in 1817 – the year of Austen’s death – Aviva found.

Alistair McQueen, head of saving and retirement at Aviva, said: “Inflation silently shrinks the value of our hard-earned cash.

“Today’s new £10 note allows us to powerfully demonstrate the impact of inflation over time.”

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