England vs Belgium

Third place play-off

England have crashed out in the semi finals of the World Cup against Croatia. It was the first time they had reached the semi finals for 28 years.  

 

Their last chance of a little glory is a third place play-off against Belgium, who are ranked 3rd on the World FIFA rankings. We take a look at the financial comparisons between both countries. Belgium has already beaten England in the group stage and are ranked 9 places above them. But how does the cost of living compare? 

England

Belgium

Average property price 

£234,794

£203,705

Average life expectancy yrs

Men = 79.2   Women = 82.9 

Men = 78.6.7   Women = 83.5 

Minimum wage per hour

£7.83 

£8.62

Average yearly salary (approx)

£27,000

£34,900

Price to income ratio 

8.89%

7.06%

Retirement age yrs

Men = 65  Women = 63

Men = 65  Women = 65

Price of Petrol & Diesel per litre

£1.28  |  £1.31  

£1.29  |  £1.30

Price of milk per litre

£0.89

£0.84

Pack of 20 cigarettes 

£9.50 (Thank you UK taxes)

£5.48

The cost of living in Belgium is recorded to be 11.35% higher than in the UK. 

(Statistics taken from https://www.numbeo.com)

   

There doesn’t seem to be much difference in the cost of living with regards to goods. However on average the Belgians earn more than us and their house prices are lower. Not much difference in life expectancy and retirement either. Will it be as close on the pitch as they are financially?   

 

Of course these statistics hold no influence over the actual football result but it’s an interesting opportunity to compare ourselves financially with another European country just 334 miles away.

#ItCameHome

This World Cup has brought back the English pride, passion and belief. We’re still proud! 

Savvy Financial Planning, Hinton Business Park, Tarrant Hinton, Blandford Forum, Dorset, DT11 8JF

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