§ 16. Sir Richard Pilkington
asked the Chancellor of the Exchequer by how many shillings and pence the purchasing power of the £ sterling, taking 20s. as its value in 1945, decreased from 1945 to 1074 1951, and from 1951 to 1962, respectively.
§ Mr. Maudling
On the basis of the change in the consumer price index the purchasing power of the £, taken as 20s. in 1945, fell by 5s. 4d. between 1945 and 1951 and by a further 3s. 10d. between 1951 and 1962.
§ Sir Richard Pilkington
As the Labour Government had the great advantage of the American and Canadian loans, are not these figures a ghastly warning of what would happen if the Socialist Party were returned to power?
§ Mr. Callaghan
Does the Chancellor think that a drop of 3s. 10d. justifies the Conservative Party's claim that it would mend the hole in the housewives' purse?