§ 110. Mr. H. Hyndasked the Chancellor of the Exchequer the value of the £ sterling for internal purchasing purposes at the latest available date, taking the value in October, 1951, as 20s.
§ Mr. R. A. ButlerTaking the internal purchasing power of the £ as 20s. in October, 1951, it is estimated that the corresponding figure for June, 1955, was 18s.
This estimate is based on the Consumer Price Index between 1951 and 1954, and the Interim Index of Retail Prices thereafter.
§ 117. Mr. Jayasked the Chancellor of the Exchequer what further proposals he has for strengthening the £ sterling.
§ Mr. R. A. ButlerI am confident of the effect of the measures of which I informed the House yesterday.