Skip to content
Money Matters & Budgeting in London
Practical Tips

Money Matters & Budgeting in London

February 12, 2026Yalla London4 min read

Currency & Payments

Britain uses the pound sterling (£). Most businesses accept contactless cards and mobile payments. Some small vendors prefer cash, so carry a small amount. ATMs are widespread; check your bank's foreign transaction fees.

Typical Costs

  • Accommodation: Hostels £20–£40 per night; mid-range hotels £100–£200; luxury hotels £300+ per night.
  • Transport: Daily Tube cap £7–£14 depending on zones; weekly Travelcards offer savings.
  • Food: Budget £10–£15 for street meals, £20–£40 for mid-range restaurants, £80+ for fine dining.

Money-Saving Tips

  • Visitor Oyster Card: Preload with credit and benefit from daily fare caps.
  • Meal deals: Supermarkets (Tesco, Sainsbury's) offer sandwiches, snacks and drinks for around £4.
  • Free attractions: Utilise London's free museums and parks.

Insider Tips

  • Lunch specials: Many restaurants offer cheaper lunch menus; dine out at midday to save money.
  • Avoid ATM fees: Use bank ATMs (not standalone machines) and consider multi-currency cards to avoid foreign exchange surcharges.

Frequently Asked Questions

Download Our London Planner

Get our comprehensive London travel planner with insider tips, itineraries, and exclusive recommendations for Arab visitors.

Get the Planner
Follow Us