HC Deb 14 April 1960 vol 621 c141W
11. Mr. de Freitas

asked the Chancellor of the Exchequer whether he is aware that, taking the internal purchasing value of the £ sterling as 20s. in October, 1951, it had declined to 18s. 3d. in March, 1954, to 16s. 2d. in March, 1957; and what was the comparable figure for March, 1960.

Mr. Barber

Yes, on the basis of the retail price index. The comparable figure for March, 1960, is 15s. 4d.