HC Deb 28 November 1974 vol 882 c205W
Sir D. Kaberry

asked the Chancellor of the Exchequer what is the value, at the latest convenient date, of the new halfpenny piece, compared with the value of the former halfpenny coin at the date it was phased out of usage.

Mr. Robert Sheldon

Taking the internal purchasing power of the new halfpenny piece as 1.2 old pence in August 1969, the month in which the former halfpenny coin was demonetised, it is estimated to have been 073 old pence in October 1974, the latest date available. This estimate is based on the change in the General Index of Retail Prices between these two months.

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