HC Deb 08 November 1976 vol 919 cc72-3W
Mr. Adley

asked the Chancellor of the Exchequer, taking £1 as worth £1 on 28th February 1974, what is its value at the latest date.

Mr. Robert Sheldon

Taking the internal purchasing power of the pound as 100p in February 1974, its value in September 1976, the latest date available, is estimated to be 63½p. This estimate is based on the change in the General Index of Retail Prices.

Mr. Adley

asked the Chancellor of the Exchequer what was the value of the £ sterling in relation to the United States dollar, German mark, Swiss franc and

US dollar Deutschemark Swiss franc Yen
End-October 1973 … … 2.4386 7.5590 5.9640 650.75
End-October 1974 … … 2.3362 6.0250 6.7010 700.75
End-October 1975 … … 2.0785 5.3140 5.4562 627.00
27th October 1976 … … 1.5820 3.7975 3.8520 463.80