§ Mr. Lewisasked the Chancellor of the Exchequer on what date the salary of Members of Parliament was increased to £1,000 per annum; and what the relative purchasing value of this sum was at the latest convenient stated date compared both with 1938 and the date when the present rate was initiated.
§ Mr. R. A. ButlerThe salary of Members of Parliament was raised to £1,000 a year from 1st April, 1946. The purchasing power of a salary valued at £1,000 in that year would have been £1,580 in 1938 and £685 in December, 1952. These figures are based on the price index for national income purposes between 1938 and December, 1951, and the Ministry of Labour's Interim Index of Retail Prices for the year 1952.