Mr. Wm. Rossasked the Chancellor of the Exchequer, taking the value of the £ sterling as 100 on 1st January 1930, what was its value on the 1st January 1931, 1932, 1940, 1950, 1960, 1970 and 1975, respectively.
§ Mr. Robert SheldonTaking the internal purchasing power of the £ as 100p in 1930, its value is estimated to have been
- 107p in 1931.
- 110p in 1932.
- 101p in 1938*.
- 49p in 1950.
- 35p in 1960.
- 25p in January 1970.
- 15p in November 1974 (the latest available date).
- * Information for 1940 is not available.
The basis for these estimates is given in "The Internal Purchasing Power of the Pound", a leaflet released by the Press and Information Service of the Central Statistical Office.