§ Mr. Bidwell
asked the Chancellor of the Exchequer, taking the value of the £ sterling as 100 in 1914, what was its value at the latest available date in 1976.
§ Mr. Denzil Davies
Taking the internal purchasing power of the £ sterling as loop in 1914, its value in September 1976, the latest date for which information is available, was 7p.
The basis for this estimate is given in the leaflet "The Internal Purchasing Power of the Pound", obtainable from the Press and Information Service of the Central Statistical Office.