§ Mr. Lewisasked the Chancellor of the Exchequer on what date Members of Parliament's salaries were raised to £400 per annum; and whether, taking the £ as having a purchasing value of 20s. on that date, he will state what the relative purchasing value of the salary of £1,000 per annum would be, taking into account the depreciation in the purchasing power of the £ since the first mentioned date.
§ Mr. P. ThorneycroftA salary of £400 per annum was first paid to Members by a Resolution of the House on 10th August, 1911. Taking the purchasing power of the £ as 20s. in 1911, the relative purchasing power of the current salary of £1,000 is estimated at £228. Free travel facilities (introduced in 1924) and the sessional allowance (introduced in 1954) are disregarded.