HC Deb 27 June 1962 vol 661 cc146-7W
48. Mr. A. Lewis

asked the Minister of Labour whether he will revise his table of figures giving the rise in earnings since 1951 of workers employed in the 20 major industries, using as the basis the actual fall in the £ sterling since that date in place of the Index of Retail Prices.

Mr. Green

No. The fall in the purchasing power of the £ sterling is not ascertained independently but by reference to the level of prices. In this context the appropriate measure is the Index of Retail Prices.

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