§ 38. Mr. Tapsellasked the Chancellor of the Exchequer what is the purchasing power of the £ sterling at the latest convenient date, taking its value as 20s. in October, 1964, July, 1966, November, 1967, and 12 months ago.
§ Mr. TaverneThe figures for May, 1969, the latest date available, are 16s. 4d., 17s. 10d., 18s. 5d. and 19s. 0d. respectively. These figures are based on the consumer price index for complete years, adjusted for the months at the beginning and end of the periods by reference to the index of retail prices.