HC Deb 28 October 1953 vol 518 cc386-7W
103. Lieut.-Colonel Lipton

asked the Chancellor of the Exchequer to what extent the internal purchasing power of the £ sterling has fallen since October, 1951.

Mr. Boyd-Carpenter

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 National Income White Paper price index for all consumer goods and services for the years 1951 and 1952, and the Interim Index of Retail Prices thereafter.