What does this mean? 7s 6d in the £?
What does it mean it deals with world war 2 . It was an income tax, budget or something for context clues: 27/09/1939 Sir John Simon’s first war budget, income tax up to 7s 6d in the £. (The whole sentence)
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S - shillings and d - pence, so - 7 shillings and 6 pence
1 pound - 20 shillings, 1 shilling - 12 pences
so 1 pound - 240 pences