HC Deb 11 May 1965 vol 712 c40W
Mr. Galbraith

asked the Chancellor of the Exchequer by what percentage the value of the pound sterling has declined since 1945.

Mr. Diamond

On the basis of movements in the consumer price index, the internal purchasing power of the pound sterling is estimated to have fallen by 48 per cent. between 1946 and March, 1965, the latest available date. A comparable figure based on 1945 is not available.