HC Deb 22 November 1979 vol 974 cc329-30W
Mr. Neubert

asked the Chancellor of the Exchequer by how much the internal purchasing power of the £ sterling has declined since decimal day; and whether he has any proposals for revising the currency system to take account of this.

Mr. Lawson

Between February 1971 and October 1979 the internal purchasing power of the £ sterling declined by 67 per cent. I have no proposals for revising the currency system to take account of this change in internal purchasing power.