HC Deb 07 April 1955 vol 539 cc131-2W
54. Mr. Osborne

asked the Chancellor of the Exchequer the approximate purchasing power of the £sterling today, as compared with 1935.

Mr. H. Brooke

Taking the internal purchasing power of the £as 20s. in 1935, it is estimated that the corresponding figure for February, 1955, was 7s. 10d. This estimate is based on the Ministry of Labour's Cost of Living Index between 1935 and 1938, the Consumer Price Index between 1938 and 1954, and the Interim Index thereafter.