HC Deb 10 November 1953 vol 520 cc27-8W
92. Mr. G. Thomas

asked the Chancellor of the Exchequer the purchasing value of the £ sterling at the latest convenient date compared with its purchasing power in October, 1951.

Mr. R. A. Butler

The internal purchasing power of the £ is estimated to have been about 18s. 10d. in September, 1953, as compared with 20s. in October, 1951. This calculation is based on the price index for all consumer goods and services, calculated annually for national income purposes, for the years 1951 and 1952, and the Interim Index of Retail Prices since then.