HC Deb 06 July 1971 vol 820 cc322-3W
44. Mr. Leadbitter

asked the Secretary of State for Social Services taking the flat-rate retirement pensions as valued at 100 on 18th June, 1970, what is their value at present; and in money terms, what increase would be required in total to establish the purchasing power of the pensions a year ago and at the point of the last pension increase, respectively.

Mr. Dean

The value is 91.3, based on the General Index of Retail Prices for May, 1971; over the same period 48p would be needed to restore the purchasing power of the standard single rate of retirement pension. Over the period November, 1969 to May, 1971, 74p would be needed.

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