§ 25. Mr. Robens
asked the Minister of Pensions and National Insurance the real value of the retirement pension at March, 1960, expressed at October, 1946, prices and as a percentage of its value of 26s. in October, 1946.
§ Mr. Boyd-Carpenter
On the basis of the Retail Prices Index from June, 1947, and the Cost of Living Index for the earlier period, the value of the present 50s. pension expressed at October, 1946, prices is 29s. 8d. which is 114 per cent. of the 26s. rate then introduced.