That is a lot of money no matter what, why doesnt everyone give £5 if there are eight to ten of you, that will be a reasonable amount, and quite fair I think. I think the lady in question would feel embarrased if she knew how much people were giving as a leaving gift. You just give as much as you feel is reasonable, after all its the thought that counts.
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What is this 'leaving gift' that warrants that amount.. 