HC Deb 27 October 1955 vol 545 c41W
Mr. Dodds

asked the Chancellor of the Exchequer what was the purchasing value of the £ sterling at the latest convenient date when compared with 20s. in October, 1951.

Sir E. Boyle

Taking the internal purchasing power of the £ as 20s. in October, 1951, it is estimated that the corresponding figure for September, 1955, was 18s. This estimate is based on the consumer price index between 1951 and 1954, and the Interim Index of Retail Prices thereafter.