HC Deb 09 July 1957 vol 573 c31W
Mr. de Freitas

asked the Chancellor of the Exchequer whether he is ware that, taking the internal purchasing value of the £ sterling as 20s. in October, 1951, it had declined to 18s. 4d. by May, 1953, 17s. 7d. by May, 1955, and 16s. 5d. by May, 1956; and what was the comparable figure for May, 1957.

Mr. P. Thorneycroft

The answer to the first part of the Question is "Yes". The answer to the second part is 16s. 1d. These calculations are based on the Index of Retail Prices.