HC Deb 13 June 1950 vol 476 c9W
Mr. Prescott

asked the Chancellor of the Exchequer by how much, in terms of money and not a percentage, the purchasing power of old age pensions has decreased since the present rates were introduced.

Sir S. Cripps

About 3s. 2d., calculated on the basis of the official index of retail prices introduced in June, 1947, and the previous cost-of-living index.