§ Mr. A. Lewisasked the Chancellor of the Exchequer whether he will give the comparative percentage annual rise or fall in Bank Rate for each year since 1951, taking that year as equalling 100.
Mr. M. MacmillanIn the following table, the first column gives the average level of Bank Rate (per cent.) for each year, the second expresses the figure for each year as an index, with 1951 taken as 100, and the third shows the change 47W from the previous year, expressed as a percentage.
Average Rate Index (1951=100) Percentage Change on Previous Year 1951 … … … 2.154 100 — 1952 … … … 3.711 172.3 + 72.3 1953 … … … 3.849 178.7 + 3.7 1954 … … … 3.173 147.3 - 17.6 1955 … … … 4.337 201.3 + 36.7 1956 … … … 5.385 250.0 + 24.2 1957 … … … 5.625 261.1 + 4.5 1958 … … … 5.385 250.0 - 4.3 1959 … … … 4.0 185.7 - 25.7 1960 … … … 5.365 249.1 + 34.1 1961 … … … 5.673 263.4 + 5.7 1962 … … … 4.846 225 0 - 14.6 1963 … … … 4.0 185.7 - 17.5