§ 38. Mr. G. Thomas
asked the Chancellor of the Exchequer whether he will state the purchasing power of the £1 in October, 1945, October, 1951, October, 1955, October, 1960, and at the latest convenient date, taking the £1 of October, 1939, as the basis of comparison.
§ Mr. Barber
The purchasing power of the £, taken as 20s. in 1939, was 12s. 7d. in 1945, 8s. 11d. in October, 1951, 8s. in October, 1955, 7s. 3d. in October, 1960, and 7s. 2d. in February, 1961. Monthly figures are not available for 1939 and 1945.