§ Mr. Lewisasked the Chancellor of the Exchequer whether he will give the present-day purchasing value of £100 worth of post-war credits, assuming that £100 had a purchasing value of 2,000 shillings in 1945, allowing for the depreciation in the purchasing value of the £ sterling since 1945, using as the basis the Index of Retail Prices; and what action he proposes to take to restore the purchasing value of post-war credits to their 1945 level.
§ Mr. SimonAbout 1,090s. This estimate is based on the Consumer Price Index from 1945 to 1948 and the Index of Retail Prices since then. The Government's policy is directed to halting the rise in prices and thus stabilising purchasing power.