HC Deb 01 December 1969 vol 792 c226W
Sir Knox Cunningham

asked the Chancellor of the Exchequer whether on the basis of the pound sterling being worth 20 shillings on 8th October 1964, he will state what its value was on 8th October 1969.

Mr. Taverne

Taking the internal purchasing power of the £ sterling as 20s. in October 1964, its value in October 1969 is estimated at about 16s. 3d.

This estimate is based on changes in the consumer price index for calendar years adjusted by movements in the retail price index for months at the beginning and end of the period.

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