£5,750 pounds in the 17th century would be worth well over a million in today's money (spending power equivalent).
If that's the original stipend value, it shows that poets were well appreciated.
If that's the original stipend value, it shows that poets were well appreciated.
1:https://en.wikipedia.org/wiki/Poet_Laureate_of_the_United_Ki...
2: https://www.bankofengland.co.uk/monetary-policy/inflation/in...
£5,750 in the 1950s would be £177,606.06 today according to the same BoE calculator. 4.58% annual inflation, higher than I expected...