§ Mr. Eadieasked the Chancellor of the Exchequer, taking the value of the £ sterling as 20s. in the years 1952, 1955, 1958, 1961, 1964 and 1967, how much did it lose in value in each of the three-year periods, respectively.
§ Mr. Harold Lever:The loss in value in each of the three-year periods, taking the value of the £ sterling as 20s. in the years 1952, 1955, 1958, 1961 and 1964 respectively, was as follows:
s. d. 1952–55 1 4 1955–58 1 11 1958–61 10 1961–64 1 6 1964–67 2 0 These estimates are based on changes in the consumer price index except for the change between 1966 and 1967, where the index of retail prices has been used.