HC Deb 24 February 1978 vol 944 c841W
Mr. Kinnock

asked the Chancellor of the Exchequer what is the value of £1 sterling in terms of 1960 prices.

Mr. Denzil Davies

In 1960, the sum of 26p had internal purchasing power equivalent to that of £1 in January 1978—the latest date for which information is available.