HC Deb 01 May 1951 vol 487 c123W
67. Mr. Osborne

asked the Chancellor of the Exchequer how much food subsidies have cost for each separate year since 1945; and what has been the internal purchasing value of the pound for each year, taking 1945 as the base at 20s.

Mr. Gaitskell

The answer is as follows:

FOOD SUBSIDIES
£m.
1944–45 195.7
1945–46 265.5
1946–47 323.7
1947–48 391.6
1948–49 484.4
1949–50 424.8
1950–51 410.0* (Estimate)
* Final figure not yet available.
PURCHASING POWER OF THE £
(in terms of expenditure over the whole field of consumer goods and services)
s. d.
1945 20 0
1946 19 6
1947 18 3
1948 16 11
1949 16 7
1950 16 1