§ 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.