HC Deb 26 July 1955 vol 544 c119W
110. Mr. H. Hynd

asked the Chancellor of the Exchequer the value of the £ sterling for internal purchasing purposes at the latest available date, taking the value in October, 1951, as 20s.

Mr. R. A. Butler

Taking the internal purchasing power of the £ as 20s. in October, 1951, it is estimated that the corresponding figure for June, 1955, was 18s.

This estimate is based on the Consumer Price Index between 1951 and 1954, and the Interim Index of Retail Prices thereafter.

117. Mr. Jay

asked the Chancellor of the Exchequer what further proposals he has for strengthening the £ sterling.

Mr. R. A. Butler

I am confident of the effect of the measures of which I informed the House yesterday.