§ Mr. Currieasked the Chancellor of the Exchequer what the purchasing power of the £ sterling was for the year 1947–48 in terms of the present value of the £ sterling.
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§ Mr. GreenTaking the purchasing power of the £ sterling as 20s. in March 1964, the corresponding figure for the financial year 1947–48 was 34s. 1d. This estimate is based on changes in the Consumer Price Index for calendar years, adjusted by movements in the Retail Price Index for the months at the beginning and end of the period.