HC Deb 29 November 1955 vol 546 cc180-1W
60. Mr. Grimond

asked the Chancellor of the Exchequer if he will give an estimate of what the value in 1945 terms will be of £1 of post-war credits in 1970 assuming inflation proceeds at the same average speed as over the last ten years.

Mr. R. A. Butler

I cannot accept the assumption contained in the Question. Accordingly I do not think it would be worth trying to make any estimate of the kind suggested by the hon. Member.