HC Deb 30 January 1958 vol 581 cc106-7W
99. Mr. Lewis

asked the Chancellor of the Exchequer whether he will give, for the latest convenient stated date, the internal purchasing power of the £ sterling, as compared with the £ sterling of October, 1951, having a spending value of 20s., using as the basis the Index of Retail Prices; and when he expect to restore the purchasing value of the £ sterling to its October, 1951, level.

Mr. Maudling

The answer to the first part of the Question is 15s. 6d. in December, 1957. The answer to the second part is that I cannot make forecasts of future movements of prices.