HC Deb 05 March 1957 vol 566 c48W
Mr. Lewis

asked the Minister of Pensions and National Insurance whether he will give the date in 1946 when retirement pensions were increased; and, taking the £ as having a purchase value on that date of 20s., what is the relative purchasing value of the present retirement pension at the latest convenient date, after allowing for the depreciation in the purchasing value of the £.

Miss Pitt

On the basis suggested a retirement pension of 40s. in January, 1957, would have been equivalent to one of 25s. in October, 1946, when the 26s. retirement pension was introduced.